Korn Ferry Stock Price, News & Analysis

Korn Ferry (NYSE: KFY) has been recognized as one of the '2024 100 Best Companies for Working Parents' by Seramount, marking its sixth consecutive year on the list. The company earned this distinction for its comprehensive range of inclusive family benefits offered to U.S. employees, including:

• Paid gender-neutral parental leave
• Subsidized childcare
• Flexible work arrangements for returning employees
• Fertility benefits
• Mental health support

This recognition underscores Korn Ferry's commitment to fostering an inclusive workplace and positioning itself as a premier career destination. Seramount's President, Subha V. Barry, highlighted the evolving standards of inclusive workplaces, noting that previously progressive benefits are now becoming the norm.

Korn Ferry (NYSE: KFY) has launched a new book titled Love, Hope & Leadership: A Special Edition. This book, authored by Korn Ferry CEO Gary D. Burnison, is a collection of insights, reflections, and guidance on leadership in today's dynamic environment. Burnison, a New York Times bestselling author, emphasizes attributes such as selflessness, potential, empathy, connection, inclusion, authenticity, and love as important for effective leadership. Korn Ferry, renowned for conducting over 100 million assessments and developing 1 million people annually, aims to inspire and enable belief in leadership practices through this publication.

Korn Ferry (NYSE: KFY) announced its Q4 and full-year FY'24 results. Q4 fee revenue was $690.8 million, a 5% YoY decrease, while full-year fee revenue stood at $2,762.7 million, a decline of 3% YoY. Net income for Q4 was $65.2 million, and $169.2 million for the full year. Adjusted diluted EPS was $1.26 for Q4 and $4.28 for the year. The operating margin for Q4 was 12.1%, while the full-year margin was 7.7%. Adjusted EBITDA for Q4 was $112.3 million, and $408.2 million for the year, with margins of 16.3% and 14.8%, respectively. Consulting and Digital sectors posted record-high revenues, with Consulting generating $695 million and Digital $366.7 million. The company also repurchased 930,000 shares, totaling $52.5 million for the year. Despite economic challenges, Korn Ferry increased its dividend to $0.37 per share, payable on July 31, 2024.

Korn Ferry (NYSE: KFY) will release its financial results for the fourth quarter of fiscal year 2024 on June 13, 2024. The earnings report will be published before the market opens, followed by a live webcast at 11:00 am EDT. Investors can access the live audio webcast and accompanying slides at the company's investor relations website.

Korn Ferry (NYSE: KFY) has been named a Leader in Everest Group’s Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2024 for the seventh consecutive year. The recognition is based on Korn Ferry’s global delivery capabilities, technology investments, and expertise in handling various job roles. Their Korn Ferry Nimble Recruit Platform (KFNR) has been highlighted for providing predictive insights and enhancing workforce planning and talent development. Jeanne MacDonald, President of Global RPO Solutions at Korn Ferry, expressed delight over the recognition, emphasizing the firm's continued investment in technology and consulting services.

Korn Ferry (NYSE: KFY) announced its participation in the Baird 2024 Global Consumer, Technology and Services Conference on June 5th, 2024. The company's Executive Vice President, Chief Financial, and Chief Corporate Officer Robert Rozek will deliver a presentation at 2:00 p.m. EDT. The event will be broadcast live and accessible to the public via a provided link, as well as through Korn Ferry's Investor Relations website. An audio replay will be available post-event.

Korn Ferry (NYSE: KFY) has been ranked as America's best executive recruiting firm by Forbes Magazine, a top accolade received for seven out of the last eight years. The company was also recognized as a top professional search firm. With over 9,300 respondents surveyed, Korn Ferry's consistent recognition showcases its dedication to providing innovative talent solutions to clients.