secwatch.observer — SEC 8-K summary
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Issuer:     KORN FERRY (KFY)
CIK:        0000056679
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001628280-23-006885
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Korn Ferry reports flat Q3 fee revenue at $680.8M; net income plunges 87% YoY to $11.2M
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- Fee revenue $680.8M, flat YoY (up 4% constant currency); total revenue $686.8M.
- GAAP diluted EPS $0.21 vs $1.54 YoY; adjusted diluted EPS $1.01 vs $1.59 YoY.
- Operating margin 1.8% vs 18.6% YoY due to restructuring charges of $41.8M net of tax for workforce realignment and asset impairments.
- Completed acquisition of Salo (finance/accounting/HR interim talent) on Feb 1, 2023; will be in Professional Search & Interim segment.
- Declared quarterly dividend $0.15 per share, payable Apr 14 to holders of record Mar 28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56679/000162828023006885/0001628280-23-006885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56679/000162828023006885/kfy-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-006885

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