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. (NYSE: KFRC) is a solutions firm specializing in technology, finance and accounting, and other professional staffing services. The Kforce news page on Stock Titan brings together company announcements, earnings releases and investor communications that reflect how the firm is performing and how it positions its business in the market.
According to its press releases, Kforce focuses on deploying highly skilled professionals on a temporary and direct-hire basis, with an emphasis on supporting clients’ digital transformation goals through its KNOWLEDGEforce® approach. News coverage for KFRC often centers on quarterly results for the Technology and Finance and Accounting segments, including revenue trends, gross profit margins, operating margins, and management commentary on demand conditions in the staffing and solutions markets.
Investors following KFRC news can expect regular updates on quarterly earnings, including detailed segment data for flex and direct hire revenue, as well as non-GAAP metrics such as Adjusted EBITDA and revenue growth rates adjusted for billing days. Kforce also issues announcements about capital return activities, such as dividends, share repurchases and Board-approved stock repurchase authorizations, along with related Rule 10b5-1 trading plans disclosed in Form 8-K filings.
Another recurring news theme is investor relations events. Kforce frequently announces participation in conferences hosted by firms such as Barclays, J.P. Morgan, Sidoti, William Blair, UBS and R.W. Baird, and provides access to investor presentations. For anyone tracking KFRC stock, this news page offers a centralized view of the firm’s public disclosures, from financial performance updates to strategic messaging about its role in technology and finance and accounting staffing.
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.
Kforce Inc. (NASDAQ: KFRC) will announce its second quarter results on August 10, 2020, after market close. A conference call will follow at 5:00 p.m. ET for discussion, accessible via dial-in at (877) 344-3890 with passcode Kforce. A replay will be available until August 17, 2020, at (855) 859-2056, passcode 9977937. Kforce specializes in professional staffing solutions in Technology and Finance & Accounting, connecting 36,000 professionals with over 4,000 clients, including 70% of the Fortune 100.