Kforce Q2 revenue $389.2M, EPS $0.95; cuts costs ~$14M; Q3 guidance lower

KFORCE INC

2023-Q2 EPS reported $1.77 revenue$795,187,000

Q2 revenue $389.2M, down 10.8% YoY; diluted EPS $0.95, down 27% YoY, up 16% sequentially.
Technology revenue down 8.5% YoY; gross profit margin 28.3% down 170 bps YoY.
Announced $14M annualized cost reduction; Q3 EPS guidance $0.60-$0.68 includes $0.22 restructuring charge.
Q3 revenue guidance $359M-$367M; operating margin 4.7%-5.1%.
David L. Dunkel's employment ended July 31; remains Board Chairman; CEO transition complete.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KFORCE INC reported the third quarter of 2023 results: revenue $359 million to $367 million, EPS $0.60 to $0.68. Guidance initiated.

Period: the third quarter of 2023
Revenue: $359 million to $367 million
EPS: $0.60 to $0.68
Guidance: initiated
Result: guidance update

Exact text from the filing

Current estimates for the third quarter of 2023 are: • Revenue of $359 million to $367 million • Earnings per share of $0.60 to $0.68

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KFORCE INC reported the second quarter ended June 30, 2023 results: revenue $389.2 million, EPS $0.95. Guidance initiated.

Period: the second quarter ended June 30, 2023
Revenue: $389.2 million
EPS: $0.95
Guidance: initiated
Result: reported results

Exact text from the filing

KFORCE REPORTS SECOND QUARTER 2023 REVENUE OF $389.2 MILLION AND EARNINGS PER SHARE OF $0.95

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Source: SEC EDGAR

accession 0000930420-23-000169

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