Welcome to our dedicated page for Kforce news (Ticker: KFRC), a resource for investors and traders seeking the latest updates and insights on Kforce stock.
Kforce Inc. provides technology, finance and accounting, and other professional staffing services through temporary and direct-hire talent solutions. News about Kforce commonly centers on quarterly revenue and EPS, Technology Flex and FA Flex trends, gross margin and SG&A commentary, and management guidance tied to demand for digital transformation and professional staffing.
Company updates also cover shareholder returns through dividends and open-market share repurchases, board authorization changes, and management participation in human-capital, technology and services investor conferences.
Kforce Inc. (Nasdaq: KFRC) reported Q1 2020 revenues of $335.2 million, a 1.0% increase from Q1 2019. Flex revenue rose by 1.9%, but Direct Hire revenue fell 22.6%. Operating margin improved to 4.2% from 3.6% year-over-year. Income from continuing operations was $9.1 million or $0.42 per share, compared to $8.0 million or $0.32 last year. Kforce plans to maintain a quarterly dividend of $0.20 per share despite economic challenges from COVID-19, emphasizing its strong cash flow and low debt levels.