8-K
filed February 5, 2024, 6:59 PM ET
ticker KFRC
CIK 0000930420
earnings
confidence high
sentiment neutral
materiality 0.75
Kforce Q4 revenue $363.4M, EPS $0.82; board raises dividend 5.5%, boosts buyback to $100M
KFORCE INC
2023-FY EPS reported
$3.13
revenue$1,531,756,000
- Q4 revenue $363.4M (-13.4% YoY); diluted EPS $0.82 (up 134% YoY due to prior year impairment).
- Full-year 2023 revenue $1.53B (-10.5% YoY); adj. EPS $3.49 (-17.9% YoY).
- Board increased annual dividend 5.5% to $1.52/share; new $100M share repurchase authorization added.
- Q1 2024 guidance: revenue $351-359M, EPS $0.54-0.62, gross margin ~27%.
- Technology Flex revenue down 11.1% YoY; FA Flex down 28% YoY; SG&A improved 150 bps YoY as % of revenue.
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 Q1 2024 results: revenue $351 million to $359 million, EPS $0.54 to $0.62. Guidance initiated.
- Period
- Q1 2024
- Revenue
- $351 million to $359 million
- EPS
- $0.54 to $0.62
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Current estimates for the first quarter of 2024 are: • Revenue of $351 million to $359 million • Earnings per share of $0.54 to $0.62
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KFORCE INC reported Q4 2023 results: revenue $363.4 million, EPS $0.82.
- Period
- Q4 2023
- Revenue
- $363.4 million
- EPS
- $0.82
- Result
- reported results
Exact text from the filing
KFORCE REPORTS FOURTH QUARTER 2023 REVENUE OF $363.4 MILLION AND EARNINGS PER SHARE OF $0.82
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KFORCE INC reported FY 2023 results: revenue $1.53 billion, EPS $3.13.
- Period
- FY 2023
- Revenue
- $1.53 billion
- EPS
- $3.13
- Result
- reported results
Exact text from the filing
• Revenue for the year ended December 31, 2023 of $1.53 billion decreased 10.5% year-over-year (10.1% on a billing day basis). • Technology revenue of $1.38 billion decreased 8.2% year-over-year (7.8% on a billing day basis). • As reported, operating margins were 5.7% for the year ended December 31, 2023 which decreased 110 basis points year-over-year. As adjusted, operating margins of 6.2% for the year ended December 31, 2023 decreased 70 basis points from 6.9% for the year ended December 31, 2022. • As reported, diluted earnings per share for the year ended December 31, 2023 were $3.13 per share, a decrease of 14.9% year-over-year. As adjusted, diluted earnings per share were $3.49 and $4.25 for the years ended December 31, 2023 and 2022, respectively, a decrease of 17.9%.
View on SEC.gov
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