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Dec 31, 2023
Kforce Q4 2023 Earnings Report
Reported Q4 2023 revenue of $363.4 million and earnings per share of $0.82.
Key Takeaways
Kforce reported Q4 2023 revenue of $363.4 million and earnings per share of $0.82. The Board of Directors approved a 5.5% increase in the dividend and increased the share buyback authorization to $100 million.
Q4 2023 revenue was $363.4 million, compared to $419.7 million for the quarter ended December 31, 2022.
Technology Flex revenue decreased 2.5% sequentially and 11.1% year-over-year.
Diluted earnings per share for the quarter ended December 31, 2023 was $0.82 per share, an increase of 134.3% year-over-year.
The Board approved an increase of 5.5% in the annual dividend and increased the stock repurchase authorization to $100 million.
Revenue by Segment
Forward Guidance
Kforce provided guidance for the first quarter of 2024.
Positive Outlook
- Revenue of $351 million to $359 million
- Earnings per share of $0.54 to $0.62
- Gross profit margin of 26.9% to 27.1%
- Flex gross profit margin of 25.4% to 25.6%
- Effective tax rate of 26.0%
Challenges Ahead
- SG&A expenses as a percent of revenue of 22.2% to 22.4%
- Operating margin of 4.2% to 4.6%
- WASO of 19.0 million
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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