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Jun 30, 2021
Kforce Q2 2021 Earnings Report
Reported record revenues and increased dividend for the second time in 2021.
Key Takeaways
Kforce reported record second quarter revenues of $403.6 million, a 17.7% increase year-over-year. EPS was $1.00, up 113% year-over-year. The board increased the quarterly dividend for the second time in 2021 to $0.26 per share, a 13% increase.
Revenue for the quarter ended June 30, 2021, was $403.6 million, up 9.4% sequentially per billing day and 17.7% year-over-year.
Technology flex revenue increased 9.1% sequentially per billing day and 20.9% year-over-year.
FA flex revenue increased 8.0% sequentially per billing day and 2.7% year-over-year, including $34.8 million related to the COVID-19 business.
Direct Hire revenue of $12.3 million increased 28.6% sequentially per billing day and 85.6% year-over-year.
Revenue by Segment
Forward Guidance
Current estimates for the third quarter of 2021 are: Revenue of $385 million to $393 million and Earnings per share of $0.83 to $0.91.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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