Kayvo Kforce

Kforce Reports Third Quarter 2023 Revenue Of $373.1 Million; And Earnings Per Share Of $0.54, As Reported; As Adjusted For Certain Third Quarter Charges, Earnings Per Share Of $0.90

Retrieved on: 
Monday, October 30, 2023

Revenue for the quarter ended September 30, 2023 was $373.1 million compared to $437.6 million for the quarter ended September 30, 2022, a decrease of 4.1% sequentially and 14.7% year-over-year.

Key Points: 
  • Revenue for the quarter ended September 30, 2023 was $373.1 million compared to $437.6 million for the quarter ended September 30, 2022, a decrease of 4.1% sequentially and 14.7% year-over-year.
  • As reported, SG&A expenses as a percentage of revenue was 23.1% for the quarter ended September 30, 2023, which increased 160 basis points year-over-year.
  • As reported, diluted earnings per share for the quarter ended September 30, 2023 were $0.54 per share, a decrease of 50% year-over-year.
  • Current estimates for the fourth quarter of 2023 are:
    On Monday, October 30, 2023, Kforce will host a conference call at 5:00 p.m. E.T.

APR Consulting Adds Industry Veteran Avi Khilnani to Lead Global Strategy and Direct Hire Expansion

Retrieved on: 
Wednesday, October 4, 2023

APR Consulting, Inc., a certified minority- and woman-owned business enterprise and trusted talent acquisition and workforce solutions provider, today announced that veteran staffing and recruiting executive Avi Khilnani has joined the company as head of global strategy.

Key Points: 
  • APR Consulting, Inc., a certified minority- and woman-owned business enterprise and trusted talent acquisition and workforce solutions provider, today announced that veteran staffing and recruiting executive Avi Khilnani has joined the company as head of global strategy.
  • View the full release here: https://www.businesswire.com/news/home/20231004418711/en/
    Avi Khilnani: Head of Global Strategy (Photo: Business Wire)
    Recognized as an industry thought leader, Khilnani is a frequent panelist at Staffing Industry Analysts (SIA) events and a presenter at national meetings.
  • “I’ve known Avi for many years, tracked his career, and watched with interest and admiration his rise within the staffing industry,” said Aaron Stone, chief operating officer of APR Consulting.
  • “Having someone with Avi’s breadth of knowledge and global perspective will help us write the next chapter of our company story.”

Kforce Inc. Announces Participation in the Sidoti Small Cap Conference

Retrieved on: 
Wednesday, September 6, 2023

TAMPA, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, is scheduled to participate at Sidoti’s Virtual Small Cap Investor Conference on September 20-21, 2023.

Key Points: 
  • TAMPA, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, is scheduled to participate at Sidoti’s Virtual Small Cap Investor Conference on September 20-21, 2023.
  • Kforce will present on September 20, 2023, from 10:45 a.m. to 11:15 a.m. Eastern.
  • The live webcast can be accessed on Kforce’s website at https://investor.kforce.com under “News and Events.”

United States IT Staffing Market Outlook & Forecast 2023-2028: How Automation and Branding are Shaping the Future Landscape of the Market - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 31, 2023

IT Staffing Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • IT Staffing Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The industry has comparatively low entry barriers that push vendors to consider innovation and differentiation regarding their client offerings.
  • IT staffing market include TEKsystems, ASGN Incorporated, Insight Global, Randstad, Kforce, and Experis (ManpowerGroup).
  • Hence, there is a huge hiring requirement in such industries, leading to the rising demand for IT staffing.

United States IT Staffing Market Outlook & Forecast 2023-2028: Leading Firms Focusing on Innovative Strategies to Attract Millennials

Retrieved on: 
Wednesday, August 23, 2023

IT Staffing Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • IT Staffing Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • IT staffing market include TEKsystems, ASGN Incorporated, Insight Global, Randstad, Kforce, and Experis (ManpowerGroup).
  • Such factors push for a crucial strategy to be adopted by IT staffing firms, including reaching out to these millennials.
  • Hence, there is a huge hiring requirement in such industries, leading to the rising demand for IT staffing.

Kforce Reports Second Quarter 2023 Revenue of $389.2 Million and Earnings Per Share of $0.95; Reduces Annualized Operating Costs by Approximately $14.0 Million

Retrieved on: 
Monday, July 31, 2023

We anticipate that these difficult actions will reduce annual operating costs from current run rates by approximately $14 million.”

Key Points: 
  • We anticipate that these difficult actions will reduce annual operating costs from current run rates by approximately $14 million.”
    Mr. Liberatore continued, “We have built a solid foundation at Kforce.
  • SG&A expenses as a percentage of revenue was 21.3% for the quarter ended June 30, 2023, which decreased 70 basis points sequentially and year-over-year.
  • Diluted earnings per share for the quarter ended June 30, 2023 were $0.95 per share, an increase of approximately 16% sequentially and a decrease of 27% year-over-year.
  • We returned approximately $21.0 million and $38.0 million in capital to our shareholders for the three and six months ended June 30, 2023, respectively.

Kforce Reports First Quarter 2023 Revenue of $406.0 Million; Technology Flex Revenue Grew Approximately 2.2% Year-Over-Year; Earnings Per Share of $0.82

Retrieved on: 
Monday, May 8, 2023

Revenue for the quarter ended March 31, 2023 was $406.0 million compared to $417.0 million for the quarter ended March 31, 2022, a decrease of 2.6% year-over-year.

Key Points: 
  • Revenue for the quarter ended March 31, 2023 was $406.0 million compared to $417.0 million for the quarter ended March 31, 2022, a decrease of 2.6% year-over-year.
  • Gross profit margins of 28.1% and Flex gross profit margins of 26.2% decreased 160 and 90 basis points year-over-year, respectively.
  • SG&A expenses as a percentage of revenue was 22.0% for the quarter ended March 31, 2023, which decreased 80 basis points year-over-year.
  • Operating margins were 5.8% for the quarter ended March 31, 2023, a decrease of 90 basis points year-over-year.

Allegis Global Solutions Names 2023 Strategic Suppliers

Retrieved on: 
Tuesday, March 14, 2023

HANOVER, Md., March 14, 2023 /PRNewswire-PRWeb/ -- Allegis Global Solutions (AGS), the leading provider of global workforce solutions, has announced its 2023 Strategic Suppliers – the top staffing suppliers supporting AGS' managed service provider (MSP) client programs. These suppliers were selected based on holistic measurements in three categories: impact, performance and partnership.  

Key Points: 
  • Allegis Global Solutions (AGS), the leading provider of global workforce solutions, has announced its 2023 Strategic Suppliers – the top staffing suppliers supporting AGS' managed service provider (MSP) client programs.
  • HANOVER, Md., March 14, 2023 /PRNewswire-PRWeb/ -- Allegis Global Solutions (AGS), the leading provider of global workforce solutions, has announced its 2023 Strategic Suppliers – the top staffing suppliers supporting AGS' managed service provider (MSP) client programs.
  • The 2023 North American Strategic Suppliers list includes: Actalent, Aditi Consulting, Aerotek, Akraya, Apex Systems, Aston Carter, BCforward, Capital Staffing Solutions, DISYS, Epitec, Harvey Nash, HealthCare Support, ICONMA, Insight Global, Kforce, Mindlance, Populus Group, Pyramid Consulting, Rose International, S.i.
  • The 2023 EMEA Strategic Suppliers list includes: Aerotek, Aston Carter, CXC Global, Harvey Nash, iKas International, Morgan McKinley, Nicoll Curtin, Sigmar Recruitment, SThree, Swisslinx and TEKsystems.

Kforce Announces Participation at the Sidoti Virtual Small Cap Investor Conference

Retrieved on: 
Thursday, March 2, 2023

TAMPA, Fla., March 02, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC) will participate at Sidoti’s Virtual Small Cap Investor Conference on March 22-23, 2023.

Key Points: 
  • TAMPA, Fla., March 02, 2023 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC) will participate at Sidoti’s Virtual Small Cap Investor Conference on March 22-23, 2023.
  • Kforce will present on March 22, 2023, from 8:30 a.m. to 9:00 a.m. Eastern.
  • The live webcast can be accessed through Kforce’s website at https://investor.kforce.com/ under “News and Events.”

GIFTED Healthcare Hires Dan Turner as Chief Operations Officer

Retrieved on: 
Thursday, February 2, 2023

NEW ORLEANS, Feb. 2, 2023 /PRNewswire/ -- GIFTED Healthcare is pleased to announce the appointment of Dan Turner as Chief Operations Officer starting January 2023.

Key Points: 
  • NEW ORLEANS, Feb. 2, 2023 /PRNewswire/ -- GIFTED Healthcare is pleased to announce the appointment of Dan Turner as Chief Operations Officer starting January 2023.
  • Turner comes with an extensive background in staffing and recruitment, positioning him well to assume leadership over operations.
  • In 2014, he joined Kelly's Outsourcing Division where he became the Chief Recruiting Officer for a $1.2B Science, Education, and Technology Division.
  • "Joining GIFTED at a time when the staffing industry continues to evolve at a rapid pace is an exciting challenge," said Turner.