earnings
confidence high
sentiment negative
materiality 0.75
Kforce Q3 revenue $373.1M, down 14.7% YoY; GAAP EPS $0.54, adjusted $0.90; guides Q4 $359-367M
KFORCE INC
2023-Q3 EPS reported
$2.31
revenue$1,168,309,000
- Revenue of $373.1M, down 14.7% YoY; Technology revenue fell 13.4% YoY.
- GAAP diluted EPS $0.54 (down 50% YoY); adjusted diluted EPS $0.90 (down 17% YoY).
- Gross profit margins 27.7%, down 130 bps; Flex gross margins 25.9%, down 60 bps.
- Board declared $0.36/share dividend, payable Dec 29, 2023, record Dec 15.
- Q4 2023 guidance: revenue $359-367M, EPS $0.74-0.82, operating margin 5.4-5.8%.