Latest news with #Kforce
Globe and Mail
2 days ago
- Business
- Globe and Mail
Kforce Inc. Announces Participation in Two Conferences in September 2025
Kforce Inc. (NYSE: KFRC), a provider of professional staffing services and solutions, announced today that management will participate in the following upcoming conferences: Sidoti Fall Virtual Small-Cap Conference on September 17, 2025 William Blair Human Capital Services Virtual Conference on September 24, 2025 Kforce's investor presentations can be accessed on our website at in the Investor Relations section under 'News and Events.' About Kforce Inc. Kforce Inc. (the 'Firm') is a solutions firm specializing in technology, finance and accounting, and other professional staffing services. Our KNOWLEDGEforce® empowers industry-leading companies to achieve their digital transformation goals. We curate teams of technical experts who deliver solutions custom-tailored to each client's needs. These scalable, flexible outcomes are shaped by deep market knowledge, thought leadership and our multi-industry expertise. Our integrated approach is rooted in 60 years of proven success deploying highly skilled professionals on a temporary and direct-hire basis. Each year, approximately 18,000 talented experts work with Fortune 500 and other leading companies. Together, we deliver Great Results Through Strategic Partnership and Knowledge Sharing®. Cautionary Note Regarding Forward-Looking Statements All statements made at this conference, other than those of a historical nature, are forward-looking statements including, but not limited to, statements regarding the potential negative effects on the U.S. consumer and broader U.S. economy resulting from global trade negotiations and potential retaliatory measures, the backlog of strategically imperative technology investments that our clients are expected to execute once greater positive visibility exists, and the Firm's guidance for the third quarter of 2025. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: general business conditions; global trade policy and Department of Government Efficiency (DOGE) actions, and their potential impacts on our operations and the broader economy; growth rates in temporary staffing and the general economy; competitive factors; risks due to shifts in the market demand; changes in demand, or our ability to adapt to such changes; a constraint in the supply of consultants and candidates, or the Firm's ability to attract and retain such individuals; the success of the Firm in attracting and retaining its management team and key operating employees; changes in business or service mix; the ability of the Firm to repurchase shares and issue dividends; the occurrence of unanticipated expenses, income, gains or losses; the effect of adverse weather conditions; changes in our effective tax rate; our ability to comply with or respond to government regulations, laws, orders, guidelines and policies that impact our business; risk of contract performance, delays, termination or the failure to obtain new assignments, contracts, or funding under contracts; ability to comply with our obligations in a remote work environment, including consultants engaging in unauthorized or fraudulent activity; continued performance, security of, and improvements to, our enterprise information systems; and impacts of actual or potential litigation, or other legal or regulatory matters or liabilities, including the risk factors and matters listed from time to time in the Firm's reports filed with the Securities and Exchange Commission, including, but not limited to, the Firm's Form 10-K for the fiscal year ended December 31, 2024, as well as assumptions regarding the foregoing. The terms 'should,' 'believe,' 'estimate,' 'expect,' 'intend,' 'anticipate,' 'plan' and similar expressions and variations thereof contained in this press release identify certain of such forward-looking statements, which speak only as of the date of this press release. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Future events and actual results may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and the Firm undertakes no obligation to update any forward-looking statements.
Business Wire
2 days ago
- Business
- Business Wire
Kforce Inc. Announces Participation in Two Conferences in September 2025
TAMPA, Fla.--(BUSINESS WIRE)--Kforce Inc. (NYSE: KFRC), a provider of professional staffing services and solutions, announced today that management will participate in the following upcoming conferences: William Blair Human Capital Services Virtual Conference on September 24, 2025 Kforce's investor presentations can be accessed on our website at in the Investor Relations section under 'News and Events.' About Kforce Inc. Kforce Inc. (the 'Firm') is a solutions firm specializing in technology, finance and accounting, and other professional staffing services. Our KNOWLEDGEforce® empowers industry-leading companies to achieve their digital transformation goals. We curate teams of technical experts who deliver solutions custom-tailored to each client's needs. These scalable, flexible outcomes are shaped by deep market knowledge, thought leadership and our multi-industry expertise. Our integrated approach is rooted in 60 years of proven success deploying highly skilled professionals on a temporary and direct-hire basis. Each year, approximately 18,000 talented experts work with Fortune 500 and other leading companies. Together, we deliver Great Results Through Strategic Partnership and Knowledge Sharing®. Cautionary Note Regarding Forward-Looking Statements All statements made at this conference, other than those of a historical nature, are forward-looking statements including, but not limited to, statements regarding the potential negative effects on the U.S. consumer and broader U.S. economy resulting from global trade negotiations and potential retaliatory measures, the backlog of strategically imperative technology investments that our clients are expected to execute once greater positive visibility exists, and the Firm's guidance for the third quarter of 2025. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: general business conditions; global trade policy and Department of Government Efficiency (DOGE) actions, and their potential impacts on our operations and the broader economy; growth rates in temporary staffing and the general economy; competitive factors; risks due to shifts in the market demand; changes in demand, or our ability to adapt to such changes; a constraint in the supply of consultants and candidates, or the Firm's ability to attract and retain such individuals; the success of the Firm in attracting and retaining its management team and key operating employees; changes in business or service mix; the ability of the Firm to repurchase shares and issue dividends; the occurrence of unanticipated expenses, income, gains or losses; the effect of adverse weather conditions; changes in our effective tax rate; our ability to comply with or respond to government regulations, laws, orders, guidelines and policies that impact our business; risk of contract performance, delays, termination or the failure to obtain new assignments, contracts, or funding under contracts; ability to comply with our obligations in a remote work environment, including consultants engaging in unauthorized or fraudulent activity; continued performance, security of, and improvements to, our enterprise information systems; and impacts of actual or potential litigation, or other legal or regulatory matters or liabilities, including the risk factors and matters listed from time to time in the Firm's reports filed with the Securities and Exchange Commission, including, but not limited to, the Firm's Form 10-K for the fiscal year ended December 31, 2024, as well as assumptions regarding the foregoing. The terms 'should,' 'believe,' 'estimate,' 'expect,' 'intend,' 'anticipate,' 'plan' and similar expressions and variations thereof contained in this press release identify certain of such forward-looking statements, which speak only as of the date of this press release. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Future events and actual results may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and the Firm undertakes no obligation to update any forward-looking statements.
Yahoo
29-07-2025
- Business
- Yahoo
Kforce Inc (KFRC) Q2 2025 Earnings Call Highlights: Navigating Revenue Decline with Strategic ...
Total Revenue: $334.3 million, a decline of 6.2% year over year. Earnings Per Share (EPS): $0.59, consistent with expectations. Gross Margin: Increased 40 basis points sequentially to 27.1%. Flex Revenue: Sequential growth in Technology and Finance and Accounting businesses. Direct Hire Revenue: Challenged and below expectations, representing approximately 2% of overall revenues. Average Bill Rate in Technology: $90, stable over the past three years. Average Bill Rate in Finance and Accounting: Approximately $54 per hour, improved sequentially and year over year. SG&A Expenses: 22.2% of revenue, increased 40 basis points year over year. Operating Margin: 4.5%. Effective Tax Rate: 24.6% for the second quarter. Capital Returned to Shareholders: $17.4 million through dividends and share repurchases. Operating Cash Flows: $18.4 million. Return on Equity: Exceeds 30%. Net Debt Levels: Approximately $67.5 million. Q3 Revenue Guidance: Expected to be in the range of $324 million to $332 million. Q3 EPS Guidance: Expected to be between $0.53 and $0.61. Warning! GuruFocus has detected 3 Warning Signs with KFRC. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Kforce Inc (NYSE:KFRC) reported sequential flex revenue growth in both technology and finance and accounting businesses, indicating resilience in a challenging macroeconomic environment. The company is well-positioned to capitalize on the increasing demand for AI foundational readiness work, leveraging its expertise in technology and access to evolving skill sets. Kforce Inc (NYSE:KFRC) has successfully shifted towards consulting-oriented solutions, which have shown strong demand and contributed to stable margins and average bill rates. The company's development center in Pune enhances its ability to provide cost-effective solutions through a blended onshore, nearshore, and offshore model. Kforce Inc (NYSE:KFRC) has a strong client base, predominantly consisting of large, market-leading companies, which supports its long-term above-market performance. Negative Points Total revenues declined 6.2% year over year, with direct hire revenues particularly challenged due to macroeconomic conditions. The company experienced some unanticipated project ends, leading to a modest sequential decline expected in the technology business for Q3. Flex revenues in the finance and accounting business, although showing sequential growth, declined 16.8% year over year. Overall gross margins declined 70 basis points year over year due to higher healthcare costs and a lower mix of direct hire revenues. SG&A expenses as a percentage of revenue increased 40 basis points year over year, driven by deleverage from lower revenue levels and higher healthcare costs. Q & A Highlights Q: Can you discuss the levels of discussion around AI projects and when you expect demand to increase significantly? A: Joseph Liberatore, President and CEO, explained that most organizations are in the preparation phase for AI, focusing on foundational readiness in governance, data, cloud, and security. Only about 10% of organizations are fully equipped to leverage AI, mostly in the technology sector. There is significant opportunity in data organization and digital modernization, which will prepare companies to leverage AI in the future. Q: What is causing the early project ends in Tech Flex, and do you expect these projects to resume? A: David Kelly, Chief Operating Officer, noted that some projects ended unexpectedly due to clients reallocating investments to other technology projects. This was not a reduction in technology spend but a shift in focus. Despite these ends, the overall sentiment is stability, with consistent new assignments and project wins. Q: How would you characterize the current pipeline, and are companies holding off on legacy projects due to AI uncertainties? A: David Kelly stated that the pipeline remains strong, particularly in data and digital areas. Companies are not holding off on legacy projects due to AI but are looking for immediate returns amidst economic uncertainty. AI preparation involves years of work, and companies cannot afford to wait. Q: What has driven the sequential growth in the Finance and Accounting (FA) business, and is the repositioning complete? A: David Kelly highlighted the team's focus on higher skill sets and an executable model, moving away from administrative FA work. The average bill rate is now in the mid-50s, aligning with client needs. The repositioning appears complete, with recent sequential growth indicating stabilization. Q: Can you provide more details on the impact of nearshore and offshore dynamics on margins and hourly rates? A: David Kelly mentioned that while the nearshore and offshore presence is slightly accretive to margins, it is not yet significant enough to impact overall bill rates or margins. The focus is on supporting U.S. revenue, and the consulting-oriented engagements contribute to stability in bill rates and margins. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-07-2025
- Business
- Yahoo
Kforce Inc (KFRC) Q2 2025 Earnings Call Highlights: Navigating Revenue Decline with Strategic ...
Total Revenue: $334.3 million, a decline of 6.2% year over year. Earnings Per Share (EPS): $0.59, consistent with expectations. Gross Margin: Increased 40 basis points sequentially to 27.1%. Flex Revenue: Sequential growth in Technology and Finance and Accounting businesses. Direct Hire Revenue: Challenged and below expectations, representing approximately 2% of overall revenues. Average Bill Rate in Technology: $90, stable over the past three years. Average Bill Rate in Finance and Accounting: Approximately $54 per hour, improved sequentially and year over year. SG&A Expenses: 22.2% of revenue, increased 40 basis points year over year. Operating Margin: 4.5%. Effective Tax Rate: 24.6% for the second quarter. Capital Returned to Shareholders: $17.4 million through dividends and share repurchases. Operating Cash Flows: $18.4 million. Return on Equity: Exceeds 30%. Net Debt Levels: Approximately $67.5 million. Q3 Revenue Guidance: Expected to be in the range of $324 million to $332 million. Q3 EPS Guidance: Expected to be between $0.53 and $0.61. Warning! GuruFocus has detected 3 Warning Signs with KFRC. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Kforce Inc (NYSE:KFRC) reported sequential flex revenue growth in both technology and finance and accounting businesses, indicating resilience in a challenging macroeconomic environment. The company is well-positioned to capitalize on the increasing demand for AI foundational readiness work, leveraging its expertise in technology and access to evolving skill sets. Kforce Inc (NYSE:KFRC) has successfully shifted towards consulting-oriented solutions, which have shown strong demand and contributed to stable margins and average bill rates. The company's development center in Pune enhances its ability to provide cost-effective solutions through a blended onshore, nearshore, and offshore model. Kforce Inc (NYSE:KFRC) has a strong client base, predominantly consisting of large, market-leading companies, which supports its long-term above-market performance. Negative Points Total revenues declined 6.2% year over year, with direct hire revenues particularly challenged due to macroeconomic conditions. The company experienced some unanticipated project ends, leading to a modest sequential decline expected in the technology business for Q3. Flex revenues in the finance and accounting business, although showing sequential growth, declined 16.8% year over year. Overall gross margins declined 70 basis points year over year due to higher healthcare costs and a lower mix of direct hire revenues. SG&A expenses as a percentage of revenue increased 40 basis points year over year, driven by deleverage from lower revenue levels and higher healthcare costs. Q & A Highlights Q: Can you discuss the levels of discussion around AI projects and when you expect demand to increase significantly? A: Joseph Liberatore, President and CEO, explained that most organizations are in the preparation phase for AI, focusing on foundational readiness in governance, data, cloud, and security. Only about 10% of organizations are fully equipped to leverage AI, mostly in the technology sector. There is significant opportunity in data organization and digital modernization, which will prepare companies to leverage AI in the future. Q: What is causing the early project ends in Tech Flex, and do you expect these projects to resume? A: David Kelly, Chief Operating Officer, noted that some projects ended unexpectedly due to clients reallocating investments to other technology projects. This was not a reduction in technology spend but a shift in focus. Despite these ends, the overall sentiment is stability, with consistent new assignments and project wins. Q: How would you characterize the current pipeline, and are companies holding off on legacy projects due to AI uncertainties? A: David Kelly stated that the pipeline remains strong, particularly in data and digital areas. Companies are not holding off on legacy projects due to AI but are looking for immediate returns amidst economic uncertainty. AI preparation involves years of work, and companies cannot afford to wait. Q: What has driven the sequential growth in the Finance and Accounting (FA) business, and is the repositioning complete? A: David Kelly highlighted the team's focus on higher skill sets and an executable model, moving away from administrative FA work. The average bill rate is now in the mid-50s, aligning with client needs. The repositioning appears complete, with recent sequential growth indicating stabilization. Q: Can you provide more details on the impact of nearshore and offshore dynamics on margins and hourly rates? A: David Kelly mentioned that while the nearshore and offshore presence is slightly accretive to margins, it is not yet significant enough to impact overall bill rates or margins. The focus is on supporting U.S. revenue, and the consulting-oriented engagements contribute to stability in bill rates and margins. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
28-07-2025
- Business
- San Francisco Chronicle
Kforce: Q2 Earnings Snapshot
TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Kforce Inc. (KFRC) on Monday reported profit of $10.4 million in its second quarter. On a per-share basis, the Tampa, Florida-based company said it had net income of 59 cents. The staffing company posted revenue of $334.3 million in the period. For the current quarter ending in September, Kforce said it expects revenue in the range of $324 million to $332 million. _____
