NYSE$KFRC

Kforce Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record revenues and increased dividend for the second time in 2021.

Kforce reported record second quarter revenues of $403.6 million, a 17.7% increase year-over-year. EPS was $1.00, up 113% year-over-year. The board increased the quarterly dividend for the second time in 2021 to $0.26 per share, a 13% increase.

  • Revenue for the quarter ended June 30, 2021, was $403.6 million, up 9.4% sequentially per billing day and 17.7% year-over-year.
  • Technology flex revenue increased 9.1% sequentially per billing day and 20.9% year-over-year.
  • FA flex revenue increased 8.0% sequentially per billing day and 2.7% year-over-year, including $34.8 million related to the COVID-19 business.
  • Direct Hire revenue of $12.3 million increased 28.6% sequentially per billing day and 85.6% year-over-year.

Headline financials

Total Revenue

$404M

Previous: $343M+17.7%
EPS (adj)

$1.00

Previous: $0.47+112.8%
Operating Margin

8.2%

No prior period
Capital Expenditures

-$2.92M

Previous: -$3.79M+23.0%
Free Cash Flow

$18.3M

Previous: $6.09M+199.9%
Net Income

$21.2M

Previous: $9.89M+114.3%
Operating Income

$33.1M

Previous: $15.4M+114.6%
Gross Profit

$119M

Previous: $97.4M+22.2%
Cash & Equivalents

$117M

Previous: $52.4M+123.9%
Total Assets

$518M

Previous: $439M+18.1%
Stock-Based Comp

$3.53M

Previous: $2.9M+21.7%

Revenue & EPS history

Kforce · Revenue · Quarterly

$404M

Q2 2021+17.7%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Kforce · $404M total across 2 segments · Q2 2021

  • Technology
    $311M
  • Finance and Accounting
    $92.9M

Forward guidance

Current estimates for the third quarter of 2021 are: Revenue of $385 million to $393 million and Earnings per share of $0.83 to $0.91.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+2.0%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+5.0%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+43.3%

Q1 2026

Best reaction

-21.9%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+43.3%+37.6%+39.6%
Q4 2025-3.8%-1.6%-24.1%
Q3 2025+28.5%+22.8%+21.1%
Q1 2025-14.4%-9.7%-4.4%
Q4 2024+1.0%-4.0%-6.2%
Q3 2024+4.6%+2.4%+9.3%
Q2 2024+2.6%-4.5%-4.4%
Q1 2024-3.7%-0.2%-5.3%
Q4 2023-0.9%+0.7%+3.9%
Q3 2023+7.6%+8.5%+22.4%
Q2 2023-5.7%-6.6%+0.0%
Q1 2023-5.7%+0.9%+12.1%
Q4 2022-0.2%+1.1%+7.1%
Q3 2022-7.7%-10.9%-6.8%
Q2 2022-6.0%-12.0%-16.9%
Q1 2022+4.4%+3.2%-6.7%
Q4 2021+10.4%+4.0%+1.9%
Q3 2021+7.3%+16.9%+13.2%
Q2 2021-5.1%-2.0%-4.9%
Q1 2021+10.2%+7.4%+12.0%
Q4 2020+4.5%+3.4%+19.1%
Q3 2020+11.7%+5.6%+19.3%
Q2 2020+27.1%+21.0%+12.0%
Q1 2020-0.1%-1.8%+9.2%
Q4 2019-7.4%-9.6%-12.5%
Q3 2019+2.2%+3.9%-1.2%
Q2 2019-5.2%-8.2%-10.3%
Q1 2019-1.8%+0.5%-3.5%
Q4 2018+6.4%+9.5%+5.8%
Q3 2018-10.7%-7.1%-9.9%
Q2 2018+9.9%+12.7%+11.2%
Q1 2018+11.3%+17.3%+26.7%
Q4 2017+2.1%-0.2%+17.0%
Q3 2017+12.9%+15.1%+28.7%
Q2 2017-1.6%-2.4%-3.7%
Q1 2017-7.8%-7.3%-18.5%
Q4 2016+9.0%+9.7%+11.3%
Q3 2016-3.5%-4.9%+26.8%
Q2 2016-10.4%-6.6%+4.5%
Q1 2016-5.5%
Q4 2015-21.9%
Q3 2015-8.5%
Q2 2015+19.1%
Q1 2015+3.9%
Q4 2014-5.0%
Q3 2014+9.9%
Q2 2014-5.5%
Q1 2014+9.2%
Q4 2013+15.5%
Q3 2013+12.8%
Q2 2013+11.0%
Q1 2013-16.2%
Q4 2012+16.2%
Q3 2012-5.9%
Q2 2012-8.9%
Q1 2011+0.9%
Q1 2012-5.0%
Q4 2009+2.0%
Q2 2010+2.0%
Q4 2011+2.0%
Q3 2011-6.6%
Q3 2010-6.6%
Q2 2011+1.6%
Q4 2010+1.6%
Q1 2010+3.3%

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