TAMPA, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ:KFRC) ("Kforce"), a solutions firm that specializes in technology and professional staffing services, announced today that it will transfer the listing and trading of its common stock to the New York Stock Exchange ("NYSE") from the Nasdaq Stock Market LLC ("Nasdaq"). Kforce's common stock is expected to begin trading on the NYSE on May 20, 2024, and will continue to be traded under its current ticker symbol "KFRC." Kforce's common stock is e ...

TAMPA, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ:KFRC), a solutions firm that specializes in technology and professional staffing services, today announced that management will participate at Baird's Global Consumer, Technology, and Services Conference on June 5, 2024, in New York City. A link to the webcast and presentation, which is currently scheduled for 4:20pm, can be accessed at www.kforce.com under "Events and Presentations." A replay of the webcast will be available for three months ...

For the transition period from to Commission File Number 000-26058 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________________________________________________ FORM 10-Q ________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF T ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2024 were $352 million, down 7.7% sequentially and 13.3% year-over-year [64] - Earnings per share for Q1 2024 were $0.58, at the midpoint of expectations [79] - Operating margin for Q1 was 4.5%, toward the high end of expectations, with an effective tax rate of 27.1% [59][79] - Flex margins in the Technology business declined 10 basis points sequentially and 60 basis points year-over-year to 25.3% [6] Business Line Data and Key Metrics Changes - The Technology business experienced a revenue decline of 6.9% sequentially and 11.4% year-over-year [64] - The FA business, which constitutes 8.5% of total revenues, declined approximately 16% sequentially and 27% year-over-year [58] - Average bill rates in the Technology business remained stable at approximately $90 per hour [70] Market Data and Key Metrics Changes - The client portfolio is primarily composed of large, market-leading companies that continue to prioritize technology investments [65] - Stability was observed in retail, transportation, and manufacturing verticals, while financial services faced headwinds [66] Company Strategy and Development Direction - The company is focused on retaining productive associates and advancing enterprise initiatives to drive long-term growth [8] - There is a commitment to returning capital to shareholders, with over $900 million returned since 2007 [9] - The company aims to achieve double-digit operating margins at slightly over $2 billion in annual revenues [10] Management's Comments on Operating Environment and Future Outlook - The current operating environment is more stable than in 2023, but clients remain cautious about initiating new technology investments [62] - Management remains optimistic about the strategic position and ability to deliver above-market performance despite macro uncertainties [78] - The company is well-prepared to capitalize on market demand when it accelerates, having retained critical resources [72] Other Important Information - The company has returned approximately $9 million to shareholders through dividends and share repurchases in Q1 2024 [59] - The company continues to broaden service offerings beyond traditional staffing to include managed teams and project solutions [57] Q&A Session Summary Question: What areas are seeing strength in leading indicators? - Management noted that leading indicators showed improvement, particularly in client visits and job order flow, which were at pre-pandemic levels [82] Question: How are pay rates and bill rates trending? - Average bill rates have remained stable, with slight declines noted, but overall stability is seen as a positive sign [70] Question: What is the outlook for talent availability? - The company indicated that highly skilled talent remains difficult to find, and there is a consistent demand for such talent [91] Question: How is the competitive landscape evolving? - Management stated that there have been no significant changes in the competitive landscape, with large clients continuing to seek reliable service providers [38] Question: What is the expectation for revenue growth and margin expansion? - Management anticipates a seasonal improvement in profitability and operating margins as revenue increases, with a gradual improvement expected [103]

Kforce (KFRC) came out with quarterly earnings of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this staffing company would post earnings of $0.79 per share when it actually produced earnings of $0.82, delivering a surprise of 3.80%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Kforce, which belongs to the Zac ...

Exhibit 99.1 KFORCE REPORTS FIRST QUARTER 2024 REVENUE OF $351.9 MILLION AND EPS OF $0.58 TAMPA, FL, April 29, 2024 — Kforce Inc. (Nasdaq: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the first quarter of 2024. Joseph J. Liberatore, President and Chief Executive Officer, said, "Our first quarter performance was generally consistent with our expectations, and we were encouraged by March trends in our Technology business. Operatin ...

TAMPA, Fla., April 29, 2024 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ:KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the first quarter of 2024. Joseph J. Liberatore, President and Chief Executive Officer, said, "Our first quarter performance was generally consistent with our expectations, and we were encouraged by March trends in our Technology business. Operating trends over the past two quarters and discussions with our clients in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________________________ FORM 10-K _____________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________________________________________________ FORM 10-Q ________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________________________________________________ FORM 10-Q ________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...