Kforce ( (KFRC) ) has released its Q4 earnings. Here is a breakdown of the information Kforce presented to its investors.
Kforce Inc., a solutions firm specializing in technology, finance and accounting, and other professional staffing services, is renowned for its KNOWLEDGEforce® which empowers leading companies to achieve digital transformation through custom-tailored team solutions.
In its latest earnings report, Kforce announced a fourth-quarter revenue of $343.8 million and full-year earnings per share of $2.68 for 2024. The company also reported that its Board of Directors has approved an increase in its quarterly dividend for the sixth consecutive year.
Despite a challenging macroeconomic environment, Kforce’s technology services showed stable demand throughout 2024. However, the company experienced a decline in its full-year revenue to $1.41 billion, down from $1.53 billion in 2023, and a decrease in diluted earnings per share by 14.4% year over year. Operating margins for the year were 5.0%, reflecting a decrease from the previous year. Notably, Kforce returned $64.7 million to shareholders through dividends and share repurchases, representing approximately 75% of its operating cash flows.
Looking ahead, Kforce is optimistic about its prospects in 2025, with a focus on increasing market share and generating long-term returns for shareholders. The company expects first-quarter revenue to be between $330 million and $338 million, alongside anticipated earnings per share ranging from $0.44 to $0.52. Kforce aims to leverage its strong balance sheet and strategic initiatives to navigate future challenges and opportunities.