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Jun 30, 2022
Kforce Q2 2022 Earnings Report
Kforce reported second quarter revenues and earnings per share.
Key Takeaways
Kforce Inc. announced solid overall performance in the second quarter of 2022, fueled by significant growth in the Technology business. Revenue for the quarter was $436.5 million, an increase of 8.2% year-over-year. Earnings per share were $1.30, compared to $1.00 in the same quarter last year.
Revenue for the quarter ended June 30, 2022 was $436.5 million, an 8.2% increase year-over-year.
Technology revenue increased 23.8% year-over-year.
Net income for the quarter ended June 30, 2022 was $26.9 million, or $1.30 per share, versus $21.2 million, or $1.00 per share, in the quarter ended June 30, 2021.
The Board of Directors approved a third quarter cash dividend of $0.30 per share to shareholders.
Revenue by Segment
Forward Guidance
Current estimates for the third quarter of 2022 are:
Positive Outlook
- Revenue of $430 million to $438 million
- Earnings per share of $1.03 to $1.11
- Gross profit margin of 29.4% to 29.6%
- Flex gross profit margin of 26.8% to 27.0%
- Operating margin of 7.0% to 7.4%
Challenges Ahead
- SG&A expense as a percent of revenue of 21.9% to 22.1%
- WASO of 20.5 million
- Effective tax rate of 27.4%
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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