NYSE$KFY

Korn Ferry · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Korn Ferry reported record quarterly fee revenue and EPS in Q2 FY'22.

Korn Ferry announced record second quarter fiscal 2022 results with fee revenue of $639.4 million, a 47% increase year-over-year. Diluted earnings per share was $1.38 and adjusted diluted earnings per share was $1.53, both all-time highs. Operating income and Adjusted EBITDA were also all-time highs at $103.8 million and $134.9 million, respectively.

  • Record quarterly fee revenue of $639.4 million, up 47% from Q2 FY’21.
  • Record net income attributable to Korn Ferry of $75.8 million.
  • Record diluted and adjusted diluted earnings per share of $1.38 and $1.53, respectively.
  • Operating income and Adjusted EBITDA were all-time highs at $103.8 million and $134.9 million, respectively.

Headline financials

Total Revenue

$643M

Previous: $438M+47.0%
EPS (adj)

$1.53

Previous: $0.54+183.3%
Exec Search Engagements Billed

4.4K

Previous: 3.1K+41.6%
Exec Search New Engagements

1.8K

Previous: 1.3K+37.5%
Digital Sub & License Revenue

$26.3M

Previous: $22.7M+15.9%
Consulting Avg Bill Rate

$371.00

Previous: $318.00+16.7%
Capital Expenditures

-$19M

Previous: -$15.3M-23.9%
Free Cash Flow

$56.8M

Previous: $12.4M+356.1%
Net Income

$75.8M

Previous: $27.8M+172.8%
Operating Income

$104M

Previous: $48.2M+115.4%
Gross Profit

$228K

Previous: $195K+16.9%
Cash & Equivalents

$725M

Previous: $553M+31.1%
Total Assets

$3.12B

Previous: $2.69B+15.8%
Stock-Based Comp

$7.49M

Previous: $7.23M+3.6%

Revenue & EPS history

Korn Ferry · Revenue · Quarterly

$643M

Q2 2022+47%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Korn Ferry · $489M total across 3 segments · Q2 2022

  • Executive Search
    $236M+59.0%
  • Consulting
    $165M+30.1%
  • Digital
    $88.6M+18.1%

Forward guidance

Korn Ferry expects Q3 FY'22 fee revenue to be in the range of $640 million and $660 million and diluted earnings per share to range between $1.38 to $1.56. Adjusted diluted earnings per share is expected to be in the range from $1.42 to $1.58.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.3%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+15.1%

Q3 2018

Best reaction

-23.2%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-0.3%+0.2%
Q3 2026-1.5%-4.6%+0.5%
Q2 2026+4.2%+7.6%+4.7%
Q1 2026+0.4%-0.3%-2.9%
Q4 2025+0.0%+6.7%+11.2%
Q3 2025+7.6%+7.7%+0.7%
Q2 2025-9.0%-8.5%-13.5%
Q1 2025-6.6%-1.6%+2.3%
Q4 2024+5.2%+4.9%+6.5%
Q3 2024+1.5%+1.2%-0.8%
Q2 2024+1.0%+4.8%+3.4%
Q1 2024-2.6%-3.6%-2.6%
Q4 2023-5.2%-2.6%+2.0%
Q3 2023+2.6%-5.1%-10.0%
Q2 2023-5.4%-4.6%-3.9%
Q1 2023-14.7%-11.9%-17.0%
Q4 2022+3.6%+7.8%+16.0%
Q3 2022-0.1%+2.8%+5.9%
Q2 2022+1.2%+1.6%-4.5%
Q1 2022+3.3%+0.3%+4.3%
Q4 2021+8.4%+12.3%+0.3%
Q3 2021+11.4%+8.8%+6.8%
Q2 2021+7.1%+9.2%+16.0%
Q1 2021-5.1%-6.1%-5.1%
Q4 2020-3.0%-9.1%-7.5%
Q3 2020-5.5%-7.2%-3.3%
Q2 2020-0.8%-0.3%+6.7%
Q1 2020-5.2%-4.5%-6.5%
Q4 2019-15.7%-18.7%-17.4%
Q3 2019-4.7%-0.6%+0.5%
Q2 2019-3.5%-0.7%-10.3%
Q1 2019-23.2%-23.5%-25.7%
Q4 2018+13.4%+14.4%+14.8%
Q3 2018+15.1%+16.8%+24.3%
Q2 2018-1.1%-2.1%-1.0%
Q1 2018+7.9%+8.0%+19.9%
Q4 2017+4.3%+3.0%+3.5%
Q3 2017-3.2%-3.5%-5.9%
Q2 2017+10.4%+14.5%+6.0%
Q1 2017-5.3%-9.3%-12.1%
Q4 2016-21.1%-20.8%-18.2%
Q3 2016-6.6%
Q2 2016-1.9%
Q1 2016+0.9%
Q4 2015+2.3%
Q3 2015-2.8%
Q2 2015+1.3%
Q1 2015-1.3%
Q4 2014-3.4%
Q3 2014+13.9%
Q2 2014+4.4%
Q1 2014+14.0%
Q4 2013+4.5%
Q3 2013-1.3%
Q2 2013+2.3%
Q1 2013-5.3%
Q4 2012-0.5%
Q3 2012+2.8%
Q2 2012-1.7%
Q1 2012-1.3%
Q4 2009+1.5%
Q4 2011+1.5%
Q3 2010-0.3%
Q3 2011-0.3%
Q2 2011+1.6%
Q1 2011+3.5%
Q1 2010+3.5%
Q4 2010+3.5%
Q2 2010+3.5%

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