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Apr 30, 2024

Korn Ferry Q4 2024 Earnings Report

Korn Ferry's Q4 FY'24 performance reflected a strategic resilience amidst economic challenges, marked by improved earnings and profitability.

Key Takeaways

Korn Ferry reported Q4 FY'24 fee revenue of $690.8 million, a 5% year-over-year decrease. Net income attributable to Korn Ferry was $65.2 million, with diluted earnings per share at $1.24. Adjusted EBITDA was $112.3 million, representing a 16.3% margin.

Fee revenue was $690.8 million, a 5% decrease year-over-year.

Net income attributable to Korn Ferry was $65.2 million, with diluted EPS of $1.24.

Adjusted EBITDA reached $112.3 million, with a margin of 16.3%.

Consulting fee revenue increased by 4% year-over-year, driven by assessment & succession, leadership development, and organizational strategy offerings.

Total Revenue
$700M
Previous year: $738M
-5.2%
EPS
$1.26
Previous year: $1.01
+24.8%
Executive Search Engagements Billed
3.46K
Previous year: 3.77K
-8.4%
Executive Search New Engagements
1.59K
Previous year: 1.51K
+5.2%
Digital Subscription License Revenue
$33.3M
Previous year: $31.6M
+5.4%
Gross Profit
$148M
Previous year: $650M
-77.2%
Cash and Equivalents
$984M
Previous year: $844M
+16.6%
Free Cash Flow
$250M
Previous year: $235M
+6.5%
Total Assets
$3.68B
Previous year: $3.57B
+2.9%

Korn Ferry

Korn Ferry

Korn Ferry Revenue by Segment

Korn Ferry Revenue by Geographic Location

Forward Guidance

Korn Ferry anticipates Q1 FY’25 fee revenue to range between $655 million and $675 million, with diluted earnings per share expected to be between $1.05 and $1.15.

Positive Outlook

  • Q1 FY’25 fee revenue is expected to be in the range of $655 million and $675 million
  • Q1 FY’25 diluted earnings per share is expected to range between $1.05 to $1.15
  • Q1 FY’25 adjusted diluted earnings per share is expected to be in the range from $1.07 to $1.17

Revenue & Expenses

Visualization of income flow from segment revenue to net income