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Jul 31, 2021
Korn Ferry Q1 2022 Earnings Report
Korn Ferry achieved record results driven by strong demand across all lines of business and effective cost management.
Key Takeaways
Korn Ferry reported record first quarter fee revenue of $585.4 million, a 70% increase year-over-year. The company's profitability was also strong, with diluted earnings per share at $1.37 and Adjusted EBITDA margin at 20.7%.
Korn Ferry reported record quarterly fee revenue of $585.4 million in Q1 FY’22, an increase of 70% from Q1 FY’21 and a sequential increase of 5% from Q4 FY’21.
Operating income and Adjusted EBITDA were both all-time highs in Q1 FY’22 at $101.3 million (operating margin of 17.3%) and $121.3 million (Adjusted EBITDA margin of 20.7%), respectively.
Record net income attributable to Korn Ferry and record diluted earnings per share of $74.8 million and $1.37 in Q1 FY’22, respectively.
Declared a quarterly dividend of $0.12 per share on September 7, 2021, which is payable on October 15, 2021 to stockholders of record on September 23, 2021.
Revenue by Segment
Forward Guidance
Korn Ferry expects Q2 FY'22 fee revenue to be in the range of $585 million and $615 million, and diluted earnings per share to range between $1.30 to $1.44, assuming no new major pandemic lockdowns and steady worldwide economic conditions, financial markets, and foreign exchange rates.
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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