Kforce

Kforce, Inc. engages in the provision of professional and technical staffing services and solutions. It operates through the Technology and Finance and Accounting (FA) segments. The Technology segment offers services on areas of information technology such as systems and applications architecture and development, data management, business and artificial intelligence, machine learning, and network architecture and security. The FA segment serves clients in areas such as accounting, transactional finance, financial analysis and reporting, taxation, budgeting, loan servicing, professional administration, audit services and systems, and controls analysis and documentation. The company was founded in 1962 and is headquartered in Tampa, FL.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Kforce reports strong 2022 performance, eyes double-digit margins in 2023

Kforce's 2022 performance reflects resilience and strategic growth initiatives despite economic headwinds. The company's focus on organic growth, profitability, and agility positions them well for future success. Anticipated investments and market opportunities signal a positive outlook for sustained growth and market expansion.

Kforce reports Q1 2023 earnings, focuses on tech talent demand

Kforce navigated a challenging macro-economic environment in Q1 2023, with a focus on stable billable consultants and strategic investments. Despite revenue declines, the company sees opportunities in improving bill rates and margins, emphasizing high-skill talent and technology solutions.

Kforce meets EPS guidance amidst revenue decline, eyes modernization

Kforce navigated uncertain economic environment by aligning costs with lower revenues.
Confidence in technology services demand and strategic partnerships for market outperformance.
Proactive cost adjustments and focus on modernization to drive productivity and savings.
Challenges include revenue decline in technology business and talent availability concerns.

Kforce surpasses Q3 expectations with strong Tech performance and challenges

Kforce's Q3 performance exceeded expectations driven by Technology business. Challenges include margin pressures and candidate availability. Opportunities lie in growth areas like application development and digital transformation projects.

Kforce reports resilient Q4 performance amidst 2023 challenges

Kforce navigated a challenging 2023 with strategic investments and cost adjustments to maintain profitability.
Strong financial performance in Q4 showcased sequential growth in technology business and shareholder value focus.
Management's optimism for 2024, despite potential recession concerns, reflects strong client relationships and growth opportunities.
Industry vertical performance varied, with successes in financial services and technology, while challenges persisted in manufacturing.

Kforce maintains stability in Q1 amidst economic uncertainties and talent dynamics

Kforce navigated Q1 challenges with stability and cost management, leveraging its strengths in talent recruitment and technology initiatives. Despite economic uncertainties, the company sees growth opportunities in expanding its customer base and addressing clients' staffing needs.

Kforce reports stable Q2 earnings, focuses on tech investments

Kforce's Q2 2024 earnings call showcased stable financial performance and a focus on technology investments.
The company addressed challenges such as revenue ceiling concerns and emphasized opportunities for growth.
Analysts' inquiries focused on revenue drivers, pricing competition, and capacity management for growth.
Kforce's strengths in talent upgrades, service delivery efficiency, and diversified offerings were key takeaways.

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Kforce (KFRC) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.09 per share a year ago.

Kforce (KFRC) Q3 Earnings and Revenues Top Estimates

TAMPA, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the third quarter of 2023. There are references to “as reported” and “as adjusted” figures within this press release, which pertain to GAAP and non-GAAP measures that are more fully described in the Adjusted Financial Performance Measures section of this press release.

Kforce Reports Third Quarter 2023 Revenue Of $373.1 Million; And Earnings Per Share Of $0.54, As Reported; As Adjusted For Certain Third Quarter Charges, Earnings Per Share Of $0.90

TAMPA, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, today announced that management will participate in the J.P. Morgan Ultimate Services Investor Conference on November 16, 2023, in New York City. A link to the webcast and presentation, which is currently scheduled for 2:15pm, can be accessed at www.kforce.com under “Events and Presentations.”

Kforce Inc. Announces Its Participation at J.P. Morgan Ultimate Services Investor Conference and Northcoast Research Fall Forum

TAMPA, Fla., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, will release third quarter results post-market on Monday, October 30, 2023, followed by a conference call at 5:00 pm ET to discuss the results. The dial-in number is (888) 550-5417 and the conference passcode is “Kforce”. A replay of the call will be available on our website at https://investor.kforce.com for one year after the call.

Kforce Inc. to Announce Third-Quarter Results on October 30, 2023

TAMPA, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, is scheduled to participate at Sidoti's Virtual Small Cap Investor Conference on September 20-21, 2023. Kforce will present on September 20, 2023, from 10:45 a.m. to 11:15 a.m. Eastern. The live webcast can be accessed on Kforce's website at https://investor.kforce.com under “News and Events.”

Kforce Inc. Announces Participation in the Sidoti Small Cap Conference

Kforce missed top-line estimates and offered weak guidance. The company also announced a $14 million cost-cutting plan.

Why Kforce Stock Was Slumping Today

The headline numbers for Kforce (KFRC) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Kforce (KFRC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Kforce Inc. (NASDAQ:KFRC ) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Joe Liberatore - President, Chief Executive Officer Kye Mitchell - Chief Operations Officer Dave Kelly - Chief Financial and Administrative Officer, Secretary Conference Call Participants Mark Marcon - Baird Trevor Romeo - William Blair Kartik Mehta - Northcoast Research Josh Chan - UBS Jasper Bibb - Truist Securities Marc Riddick - Sidoti Operator Good afternoon, and welcome to the Kforce, Second Quarter Earnings Call. My name is Brianna and I will be your conference operator today.

Kforce Inc. (KFRC) Q2 2023 Earnings Call Transcript

Kforce (KFRC) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.30 per share a year ago.

Kforce (KFRC) Misses Q2 Earnings and Revenue Estimates

TAMPA, Fla., July 31, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the second quarter of 2023.

Kforce Reports Second Quarter 2023 Revenue of $389.2 Million and Earnings Per Share of $0.95; Reduces Annualized Operating Costs by Approximately $14.0 Million

Kelly Services

Insperity

The re-opening of the global economy, increased dependency on technology and benefits of the ongoing hybrid working model should aid the Zacks Staffing industry. NSP, KFRC and KELYA are well poised to witness a demand surge.

3 Staffing Services Stocks to Watch Amid Industry Headwinds

TAMPA, Fla., July 06, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, will release second quarter results post-market on Monday, July 31, 2023, followed by a conference call at 5:00 pm ET to discuss the results. The dial-in number is (888) 550-5417 and the conference passcode is “Kforce”. A replay of the call will be available on our website at https://investor.kforce.com for one year after the call.

Kforce Inc. Announces Second Quarter 2023 Earnings Date and Participation in Wells Fargo Fintech, Information and Business Services Forum

Staffing firms are likely to take a hit as AI begins to displace jobs. Kforce, which focuses on the tech and finance industries, seems particularly vulnerable.

This Stock Is a Prime Candidate to Get Disrupted by AI

GEE Group

Robert Half Int.

With more jobs being added to the U.S. economy, staffing companies such as Insperity (NSP), Kelly Services (KELYA), GEE Group (JOB), Kforce (KFRC) and Robert Half International (RHI) are undeniably poised to gain.

5 Stocks to Gain From Stunning Jobs Growth in May

TAMPA, Fla., May 17, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC) will participate at the Baird 2023 Global Consumer, Technology and Services Conference on June 7, 2023 taking place at the InterContinental New York Barclay Hotel. Kforce's investor presentation may be accessed through Kforce's website at https://investor.kforce.com/.

Kforce Announces Participation at the Baird 2023 Global Consumer, Technology and Services Conference

Staffing 360 Solutions

With job gains in April reversing the cooling trend, staffing players such as Kforce (KFRC), Staffing 360 Solutions (STAF), Robert Half International (RHI) & Kelly Services (KELYA) are likely to benefit.

4 Stocks to Gain as U.S. Job Market Remains on Solid Footing

Kforce Inc. (NASDAQ:KFRC ) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Joseph Liberatore - President and Chief Executive Officer Kye Mitchell - Chief Operations Officer Dave Kelly - Chief Financial and Administrative Officer, Secretary Conference Call Participants Mark Marcon - Baird Trevor Romeo - William Blair Tobey Sommer - Truist Securities Kartik Mehta - Northcoast Research Marc Riddick - Sidoti Operator Good afternoon, ladies and gentlemen. Welcome to the Kforce First Quarter 2023 Earnings Conference Call.

Kforce Inc. (KFRC) Q1 2023 Earnings Call Transcript

Kforce (KFRC) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.93 per share a year ago.

Kforce (KFRC) Q1 Earnings and Revenues Lag Estimates

TAMPA, Fla., May 08, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the first quarter of 2023.

Kforce Reports First Quarter 2023 Revenue of $406.0 Million; Technology Flex Revenue Grew Approximately 2.2% Year-Over-Year; Earnings Per Share of $0.82

A rarely covered enterprise, Kforce (US:KFRC) – which provides professional staffing services and solutions for the U.S.

As Economic Rumblings Materialize, Investors Should Keep Kforce on Their Watchlists

HireQuest Inc

Heidrick & Struggles International

ManpowerGroup

Stocks like Kforce Inc. (KFRC), ManpowerGroup Inc. (MAN), HireQuest, Inc. (HQI) and Heidrick & Struggles International, Inc. (HSII) are likely to benefit from robust job additions to the U.S. economy.

4 Staffing Stocks to Watch in a Resilient Labor Market

TAMPA, Fla., April 06, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a solutions firm that specializes in technology and other professional staffing services, will release first-quarter results post-market on Monday, May 8, 2023, followed by a conference call at 5:00 pm ET to discuss the results. The dial-in number is (888) 550-5417 and the conference passcode is “Kforce”.   The live webcast can be accessed at this link. A replay of the call will be available at http://investor.kforce.com for one year after the call.

Kforce Inc. to Announce First-Quarter Results on May 8, 2023

Stocks like HireQuest, Inc. (HQI), Kforce Inc. (KFRC), Heidrick & Struggles International, Inc. (HSII) and ManpowerGroup Inc. (MAN) are likely to benefit on robust job additions to the U.S. economy.

4 Staffing Stocks to Watch on Solid February Job Additions

Assured Guaranty

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Cogent Communications Holdings

Canadian National Railway Company

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Jack Henry & Associates

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Perrigo

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 8.3% and a median increase of 8.1%.

32 Upcoming Dividend Increases Including 2 Dividend Kings

TAMPA, Fla., March 02, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC) will participate at Sidoti's Virtual Small Cap Investor Conference on March 22-23, 2023.   Kforce will present on March 22, 2023, from 8:30 a.m. to 9:00 a.m. Eastern. The live webcast can be accessed through Kforce's website at https://investor.kforce.com/ under “News and Events.”

News for Kforce Stock (KFRC)