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Mar 31, 2020
Kforce Q1 2020 Earnings Report
Reported Q1 2020 revenue of $335.2 million and EPS of $0.42 per share.
Key Takeaways
Kforce's Q1 2020 revenue reached $335.2 million with an EPS of $0.42. Tech Flex year-over-year growth was 3.3% on a billing day basis. The company is navigating the COVID-19 crisis and focusing on the well-being of associates, clients, and consultants.
Revenue for the quarter ended March 31, 2020, was $335.2 million, a 1.0% increase on a billing day basis compared to $326.7 million for the quarter ended March 31, 2019.
Flex revenue increased by 1.9% on a billing day basis, with Tech Flex growing by 3.3% and FA Flex declining by 3.4%.
Direct Hire revenue decreased by 22.6% to $9.1 million from $11.8 million in the comparable period of 2019.
Operating margin increased by 60 basis points to 4.2% for the quarter ended March 31, 2020.
Revenue by Segment
Forward Guidance
Given the tremendous uncertainty, Kforce will not be providing guidance for the second quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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