Kforce Inc (OQ:KFRC)
Business Focus: Employment Services
| Sector: Industrials | Industry: Employment Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1150 ASSEMBLY DRIVE, SUITE 500 TAMPA FL 33607 |
| Tel: | 1-813-5522927 |
| Website: | https://www.kforce.com |
| IR: | See website |
| Key People | ||
| Joseph J. Liberatore President, Chief Executive Officer, Director | Jeffrey B. Hackman Chief Financial Officer, Corporate Assistant Secretary | Andrew G. Thomas Chief Experience Officer |
| Business Overview |
| Kforce Inc. is a solutions firm specializing in technology and finance and accounting professional staffing services. The Company operates through two segments: Technology and Finance and Accounting (FA). The Technology segment provides talent solutions by understanding its clients' requirements and matching their requirements in areas including, systems/applications architecture and development (mobility and/or Web), data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security. The Company's FA segment provides talent solutions to its clients in areas, including consultants in traditional finance and accounting roles such as, financial, planning and analysis; business intelligence analysis; accounting; transactional accounting; business and cost analysis, and taxation and treasury. Its FA segment primarily provides services to the financial services, healthcare and manufacturing sectors. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Kforce Inc revenues decreased 10% to $1.53B. Net income decreased 19% to $61.1M. Revenues reflect Technology segment decrease of 8% to $1.38B, Finance & Accounting segment decrease of 28% to $147.2M. Net income also reflects Fair Value Adjustments on Other Assets decrease from $4.1M (income) to $0K, Fixed asset depreciation increase of 18% to $3.1M (expense). |
| Employees: | 1,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,282M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,532M as of Dec 31, 2023 |
| EBITDA (TTM): | $94.31M as of Dec 31, 2023 |
| Net annual income (TTM): | $61.08M as of Dec 31, 2023 |
| Free cash flow (TTM): | $56.14M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $41.48M as of Dec 31, 2023 |
| Shares outstanding: | 19,518,000 as of Feb 20, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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