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Apr 30, 2022
Korn Ferry Q4 2022 Earnings Report
Announced fourth quarter and full year FY’22 results, achieving new highs in fee revenue, diluted earnings per share, and adjusted diluted earnings per share.
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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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