Kforce Stock Price, News & Analysis

Kforce (NASDAQ: KFRC) will announce its third-quarter results on November 1, 2021, post-market. A conference call will follow at 5:00 PM ET for discussion, with dial-in details provided. This release emphasizes Kforce's focus on technology staffing and its service to a broad client base, including a majority of Fortune 500 companies. The firm highlights its commitment to growth, strategic partnerships, and capital return to shareholders. Caution is advised as forward-looking statements involve risks that may affect actual results.

Kforce Inc. has signed a 10-year lease for a new hybrid headquarters in Midtown Tampa, effective October 2022. This move underscores Kforce's commitment to remote work, allowing employees flexibility with an 'office occasional' approach. The headquarters will occupy the fifth floor of Midtown West, a part of a $500 million mixed-use development. Kforce aims to leverage technology to maintain productivity while enhancing employee work-life balance.

Kforce Inc. (NASDAQ: KFRC) will participate in Sidoti’s Fall Virtual Small Cap Investor Conference on September 22-23, 2021. The company’s presentation is scheduled for September 22 at 8:30 a.m. Eastern Time. Investors can access the live webcast through Kforce’s website or via the provided link. Kforce specializes in technology and professional staffing services, connecting over 30,000 skilled professionals with approximately 3,000 clients, including many Fortune 500 companies. The press release also includes cautionary notes on forward-looking statements regarding the company’s performance.

Kforce Inc. (Nasdaq: KFRC) reported second-quarter 2021 revenue of $403.6 million, marking a 17.7% year-over-year increase. Technology flex revenue surged 20.9% year-over-year, while Direct Hire revenue rose 85.6%. Operating margin improved to 8.2%, with net income of $21.2 million, or $1.00 per share, compared to $9.9 million, or $0.47 per share, in 2020. The company returned $18.1 million to shareholders through share repurchases and dividends, with a dividend of $0.26 per share payable on September 24, 2021. Third quarter revenue is projected between $385 million to $393 million.

Kforce Inc. (NASDAQ: KFRC) will announce its second-quarter results on August 3, 2021, post-market, followed by a conference call at 5:00 PM ET. The firm, specializing in professional staffing solutions in Technology and Finance, provides opportunities for over 30,000 professionals and serves approximately 3,000 clients, including many Fortune 500 companies. In the release, Kforce emphasizes its commitment to growth and shareholder returns while acknowledging potential risks such as economic conditions and market demand shifts, especially influenced by COVID-19.

Kforce Inc. (Nasdaq: KFRC) reported first-quarter 2021 results, with revenue of $363.2 million, marking a 10.1% year-over-year increase. Tech Flex revenues rose 3.1% sequentially, while FA Flex revenues showed a 5.8% sequential decrease but 26.4% annual growth. Operating cash flows reached $22.4 million, significantly up from $3.0 million in Q1 2020. The company anticipates second-quarter revenue between $387 million and $397 million and has declared a cash dividend of $0.23 per share payable on June 25, 2021.

Kforce Inc. (Nasdaq: KFRC) has entered an agreement to sell its corporate headquarters in Tampa, FL, with plans to lease it back for 18 months while searching for a new location. The sale is expected to finalize by mid-May 2021. President Joseph Liberatore noted that the pandemic has shifted work models, prompting a move toward a hybrid work environment. The current headquarters, which comprises 130,000 square feet, has been underutilized, with only 50% of its capacity used pre-pandemic. Kforce aims for a state-of-the-art office space that fosters collaboration and aligns with its tech-centric approach.

Kforce Inc. (NASDAQ: KFRC) will announce its first quarter results on May 3, 2021, followed by a conference call at 5:00 pm ET. Dial in at (877) 344-3890, passcode: 'Kforce'. A replay will be available until May 10, 2021. Management will also attend the Credit Suisse eXtreme Services Conference on May 6 and Baird’s Global Consumer, Technology & Services Conference on June 9. Kforce specializes in professional staffing solutions in Technology and Finance, serving over 30,000 professionals and more than 3,000 clients, including many Fortune 500 companies.

Kforce Inc. (Nasdaq: KFRC) announced the appointments of Derrick Brooks and Catherine H. Cloudman to its Board of Directors as part of its board refreshment strategy. Derrick Brooks, a Pro Football Hall of Famer and community leader, will also join the Corporate Governance Committee. Catherine H. Cloudman, an experienced professional with a background in finance and leadership, will similarly contribute. CEO David Dunkel expressed enthusiasm about their valuable perspectives, marking the completion of the board renewal efforts.