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 (KFRC) delivers specialized staffing solutions for technology and finance sectors through its national network of professionals. This news hub provides investors and industry observers with essential updates about the company's strategic direction and market position.
Access real-time press releases covering earnings announcements, leadership changes, strategic partnerships, and operational developments. Our curated collection helps stakeholders track Kforce's progress in addressing evolving workforce demands across multiple industries.
Key updates include quarterly financial results, merger & acquisition activity, client success stories, and industry recognition. All content undergoes verification to ensure accuracy and relevance for decision-makers.
Bookmark this page for streamlined access to Kforce's latest business developments. Check regularly for updates reflecting the company's ongoing commitment to connecting top talent with critical business needs.
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.
Kforce Inc. (NASDAQ: KFRC) will participate in two upcoming conferences: the 2021 Truist Securities Technology, Internet & Services Conference on March 9-10, and the Sidoti Virtual Investor Conference on March 25, 2021, at 8:30 a.m. ET. Investors can access the live webcast of the Sidoti conference on Kforce's investor relations website. Kforce specializes in professional staffing services in Technology and Finance, serving over 3,000 clients, including many Fortune 500 companies. The company emphasizes strategic partnership and knowledge sharing to achieve optimal results.
Kforce Inc. (Nasdaq: KFRC) reported a 5.3% increase in fourth-quarter revenue to $354.0 million compared to $336.2 million in Q4 2019. The company experienced a 26.0% rise in Finance and Accounting (FA) Flex revenue, bolstered by COVID-19 business. However, gross profit margin decreased by 80 basis points. Income from continuing operations rose 25.2% to $18.3 million, or $0.86 per share. For 2021, Kforce expects revenue between $1.368 billion and $1.430 billion, with earnings per share projected at $2.68 to $3.00. A 15% dividend increase to $0.23 per share was announced, payable on March 26, 2021.
Kforce Inc. (NASDAQ: KFRC) has updated its expected fourth quarter results, projecting revenues and earnings per share to surpass its previous guidance of $347 million and $0.78, respectively, due to stronger-than-expected consultant assignment growth. CEO David L Dunkel noted robust demand for technology staffing as businesses adapt to new challenges. The technology segment grew nearly 6% sequentially and resumed year-over-year growth of nearly 1%. The fourth quarter earnings call is scheduled for February 8, 2021, to discuss these results and future expectations.
Kforce Inc. (Nasdaq: KFRC) reported third-quarter 2020 revenues of $365.4 million, up 6.5% sequentially and 5.7% year-over-year. Tech Flex revenue fell 4.2% year-over-year, while FA Flex surged 51.6% annually, driven by $51.1 million in COVID-19-related business. Operating margin increased to 7.3%, with income from continuing operations at $18.8 million ($0.89 per share). The company also announced a fourth-quarter cash dividend of $0.20 per share. Looking ahead, Q4 revenue is expected between $337 million and $347 million.
Kforce Inc. (NASDAQ: KFRC) will release its third quarter financial results on November 2, 2020, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET, accessible via dial-in or webcast. A replay of the call will be available until November 9, 2020. Additionally, Kforce management will participate in the J.P. Morgan 2020 Ultimate Services Investor Conference on November 19, 2020. The company specializes in professional staffing solutions within Technology and Finance, supporting over 3,000 clients, including many Fortune 500 companies.
Kforce Inc. (NASDAQ: KFRC) announced participation in the Sidoti 2020 Virtual Investor Conference on September 23-24, 2020. The live webcast is scheduled for September 24, 2020, at 3:15 PM. Interested parties can access the webcast via Kforce's website in the Investor Relations section. Kforce specializes in staffing services in Technology and Finance, connecting over 30,000 professionals with more than 4,000 clients including many Fortune 500 companies.
Kforce Inc. (Nasdaq: KFRC) reported Q2 2020 revenue of $343.0 million, up 1.2% from Q2 2019. Flex revenue increased 3.4% to $336.4 million, with FA Flex revenue up 28.7% to $84.5 million, driven partly by COVID-19 initiatives. However, Tech Flex revenue fell 3.0% to $251.9 million, while Direct Hire revenue plunged 51.1% to $6.6 million. Operating margin dropped to 4.5%, and net income decreased to $9.9 million, or $0.47 per share. Kforce plans a Q3 cash dividend of $0.20 per share.
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