NYSE$KFY

Korn Ferry · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$700M

Previous: $738M-5.2%
EPS (adj)

$1.26

Previous: $1.01+24.8%
Exec Search Engagements Billed

3.5K

Previous: 3.8K-8.4%
Exec Search New Engagements

1.6K

Previous: 1.5K+5.2%
Digital Sub & License Revenue

$33.3M

Previous: $31.6M+5.4%
Consulting Avg Bill Rate

$437.00

Previous: $390.00+12.1%
Consulting Hours Worked

417.0K

No prior period
Consulting Ending Consultants

1.7K

No prior period
Digital Ending Consultants

267

No prior period
Exec Search Ending Consultants

542

No prior period
Exec Search Avg Consultants

552

No prior period
Perm Placement Engagements

1.9K

No prior period
Perm Placement New Engagements

1.1K

No prior period
Interim Average Bill Rate

$129.00

Previous: $124.00+4.0%
Interim Avg Weekly Consultants

1.2K

No prior period
RPO New Business

$128M

No prior period
Capital Expenditures

$11.9M

Previous: $16.3M-27.4%
Net Income

$65.2M

Previous: $47.5M+37.3%
Operating Income

$83.5M

Previous: $72.6M+15.0%
Gross Profit

$148M

Previous: $650M-77.2%
Stock-Based Comp

$9.71M

Previous: $9.38M+3.6%

Revenue & EPS history

Korn Ferry · Revenue · Quarterly

$700M

Q4 2024-5.2%vs Q4 2023
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Korn Ferry · $616M total across 4 segments · Q2 2024

  • Executive Search
    $203M-7.1%
  • Consulting
    $178M+2.7%
  • Professional Search & Interim
    $138M+2.7%
  • Digital
    $97.1M+3.0%

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.

Tailwinds

  • 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

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 Q4 2024

Historical avgQ4 2024

+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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