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Dec 31, 2024
Kforce Q4 2024 Earnings Report
Kforce reported Q4 2024 revenue of $343.8 million and full year 2024 EPS of $2.68 per share, with the board of directors approving an increase in the quarterly dividend for the sixth consecutive year.
Key Takeaways
Kforce reported Q4 2024 revenue of $343.8 million, a decrease compared to the previous year. Despite operating in an uncertain macro environment, the company's Technology business demonstrated industry-leading performance. The Board of Directors approved an increase in the quarterly dividend for the 6th consecutive year.
Q4 2024 revenue was $343.8 million, compared to $363.4 million for the quarter ended December 31, 2023.
Technology Flex revenue decreased 2.5% sequentially and 3.7% year over year.
Diluted earnings per share for the quarter ended December 31, 2024 was $0.60 per share, a decrease of 26.8% year over year.
The Board of Directors approved an increase in the quarterly dividend for the 6th consecutive year to $0.39 per share.
Revenue by Segment
Forward Guidance
Current estimates for the first quarter of 2025 are: •Revenue of $330 million to $338 million •Earnings per share of $0.44 to $0.52 •Gross profit margin of 27.0% to 27.2% •Flex gross profit margin of 25.4% to 25.6% •SG&A expenses as a percent of revenue of 22.8% to 23.0% •Operating margin of 3.6% to 4.0% •WASO of 18.5 million •Effective tax rate of 27.0%
Positive Outlook
- Revenue of $330 million to $338 million
- Earnings per share of $0.44 to $0.52
- Gross profit margin of 27.0% to 27.2%
- Flex gross profit margin of 25.4% to 25.6%
- Effective tax rate of 27.0%
Challenges Ahead
- SG&A expenses as a percent of revenue of 22.8% to 23.0%
- Operating margin of 3.6% to 4.0%
- WASO of 18.5 million
- Uncertain macro environment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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