Korn Ferry Q4 2022 Earnings Report
Key Takeaways
Korn Ferry reported a strong fourth quarter with fee revenue reaching $721.1 million, up 30% year-over-year. Diluted earnings per share was $1.70 and adjusted diluted earnings per share was $1.75, both new highs. The Adjusted EBITDA margin was 20%.
Korn Ferry reports Q4 FY’22 fee revenue of $721.1 million, a new all-time high.
Net income attributable to Korn Ferry for the fourth quarter was $91.7 million, with diluted earnings per share of $1.70 and adjusted diluted earnings per share of $1.75, all reaching new highs.
Operating income and Adjusted EBITDA both reached new highs in Q4 FY’22 at $138.8 million and $144.4 million, respectively.
The Company repurchased 1,035,000 shares of stock during the quarter for $67.2 million.
Korn Ferry
Korn Ferry
Korn Ferry Revenue by Segment
Korn Ferry Revenue by Geographic Location
Forward Guidance
Q1 FY’23 fee revenue is expected to be in the range of $680 million and $710 million and diluted earnings per share is expected to range between $1.35 to $1.51.
Positive Outlook
- Q1 FY’23 fee revenue is expected to be in the range of $680 million and $710 million
- Q1 FY’23 diluted earnings per share is expected to range between $1.35 to $1.51
- Q1 FY’23 adjusted diluted earnings per share is expected to be in the range from $1.42 to $1.58.
Challenges Ahead
- Economic factors like global inflation present a level of risk and uncertainty that is difficult to quantify.
- Rising interest rates present a level of risk and uncertainty that is difficult to quantify.
- Escalating geo-political tensions present a level of risk and uncertainty that is difficult to quantify.
- No new major pandemic related lockdowns or further changes in worldwide geopolitical conditions.
- Economic conditions, financial markets or foreign exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income