Core Viewpoint - Korn/Ferry reported quarterly earnings of $1.21 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.97 per share a year ago [1]. Group 1: Earnings Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2]. - Korn/Ferry's revenues for the quarter ended October 2024 were $674.37 million, exceeding the Zacks Consensus Estimate by 0.50%, but down from $704 million year-over-year [2]. - The current consensus EPS estimate for the upcoming quarter is $1.16, with expected revenues of $670.5 million, and for the current fiscal year, the estimate is $4.84 on $2.72 billion in revenues [8]. Group 2: Stock Performance - Korn/Ferry shares have increased approximately 32.5% since the beginning of the year, outperforming the S&P 500's gain of 27.6% [4]. - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [7]. Group 3: Industry Outlook - The Staffing Firms industry is currently ranked in the bottom 47% of over 250 Zacks industries, suggesting potential challenges for stock performance [9]. - Resources Connection, another company in the same industry, is expected to report a break-even quarterly EPS, reflecting a year-over-year change of -100% [10].

Financial Performance - Q2 FY'25 fee revenue was $674.4 million, a year-over-year decrease of 4%[4] - Operating income increased to $87.5 million with an operating margin of 13.0%, up 980bps year-over-year[3] - Net income attributable to Korn Ferry was $60.8 million, compared to a net loss of $1.7 million in Q2 FY'24[6] - Adjusted EBITDA for Q2 FY'25 was $117.0 million, with an adjusted EBITDA margin of 17.4%, an increase of 340bps year-over-year[6] - Total revenue for the three months ended October 31, 2024, was $681.96 million, a decrease of 4.3% compared to $712.45 million for the same period in 2023[35] - Fee revenue for the six months ended October 31, 2024, was $1.35 billion, down 3.8% from $1.40 billion in the same period last year[37] - Adjusted net income attributable to Korn Ferry for the three months ended October 31, 2024, was $60.80 million, compared to a net loss of $1.71 million in the same period last year[35] - Basic earnings per share for the three months ended October 31, 2024, was $1.16, compared to a loss of $0.04 per share in the same period last year[35] - For the six months ended October 31, 2024, total revenue was $1.36 billion, a decrease of 2.7% from $1.42 billion in the same period of 2023[41] Segment Performance - Consulting fee revenue was $166.8 million in Q2 FY'25, a decrease of 6% year-over-year[8] - Fee revenue for Executive Search in Q2 FY'25 was $206.0 million, an increase of $3.0 million or 1% compared to the year-ago quarter[14] - Fee revenue for Professional Search & Interim in Q2 FY'25 was $121.1 million, a decrease of $17.3 million or 13% year-over-year[16] - Fee revenue for Recruitment Process Outsourcing (RPO) in Q2 FY'25 was $87.6 million, essentially flat compared to the year-ago quarter[19] - The Professional Search & Interim segment reported a fee revenue decline of 12.5% for the three months ended October 31, 2024, compared to the same period in 2023[37] - The company reported a fee revenue of $340.15 million for consulting in the six months ended October 31, 2024, down from $351.75 million in the same period of 2023[41] Adjusted Metrics - Adjusted EBITDA for Consulting was $29.1 million, with an adjusted EBITDA margin of 17.5%, up 120bps year-over-year[8] - Adjusted EBITDA for Q2 FY'25 was $29.2 million, with an adjusted EBITDA margin of 31.4%, an increase of 150bps year-over-year[11] - Adjusted EBITDA for Executive Search was $51.4 million in Q2 FY'25, with an adjusted EBITDA margin of 24.9%, up 530bps year-over-year[14] - Adjusted EBITDA for Professional Search & Interim was $27.2 million in Q2 FY'25, with an adjusted EBITDA margin of 22.5%, an increase of 400bps year-over-year[16] - Adjusted EBITDA for RPO was $12.9 million in Q2 FY'25, with an adjusted EBITDA margin of 14.7%, an increase of 460bps year-over-year[19] - Adjusted EBITDA for the six months ended October 31, 2024, was $228,236 thousand, up from $194,200 thousand in the prior year, reflecting a growth of approximately 17.5%[40] - Adjusted EBITDA for Q4 2024 was $117.03 million, representing an adjusted EBITDA margin of 17.4%, down from 14.0% in Q4 2023[41] - Adjusted EBITDA for the six months ended October 31, 2024, was $228.24 million, with an adjusted EBITDA margin of 16.9%[41] Shareholder Returns - The company repurchased 456,250 shares for $32.6 million during the quarter[3] - A quarterly dividend of $0.37 per share was declared, payable on January 15, 2025[3] Future Outlook - Q3 FY'25 fee revenue is expected to be in the range of $635 million to $665 million[21] - Q3 FY'25 diluted earnings per share is expected to range between $1.02 to $1.16[21] - The company expects continued challenges due to inflationary pressures and geopolitical uncertainties affecting future performance[28] Balance Sheet Highlights - Total current assets decreased to $1,482,447 thousand from $1,674,160 thousand, a decline of approximately 11.5%[39] - Total liabilities decreased to $1,743,788 thousand from $1,941,544 thousand, a reduction of about 10.2%[39] - Total stockholders' equity increased to $1,782,865 thousand from $1,737,325 thousand, reflecting a growth of approximately 2.6%[39] - Cash and cash equivalents decreased to $694,850 thousand from $941,005 thousand, a decline of approximately 26.2%[39] Restructuring and Expenses - The company incurred restructuring charges of $576,000 for the three months ended October 31, 2024, compared to $63.53 million in the same period last year[35] - Korn Ferry's total operating expenses for the three months ended October 31, 2024, were $594.48 million, down from $689.63 million in the same period last year[35]

Core Viewpoint - Korn/Ferry (KFY) is expected to report quarterly earnings of $1.21 per share, reflecting a 24.7% increase year-over-year, while revenues are forecasted to decline by 4.7% to $671 million [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating analysts' reassessment of their projections [1] - Analysts predict 'Fee Revenue- Total executive search' to reach $202.31 million, a decrease of 0.3% from the previous year [4] - The overall 'Fee revenue' is estimated at $671 million, showing a decline of 4.7% year-over-year [4] - 'Fee Revenue- Digital' is forecasted to be $91.19 million, down 6.1% from the year-ago quarter [4] - 'Fee Revenue- Consulting' is expected to reach $170.12 million, indicating a year-over-year change of -4.3% [5] Group 2: Market Performance - Korn/Ferry shares have increased by 10.9% over the past month, outperforming the Zacks S&P 500 composite, which rose by 3.5% [6] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [6]

Since my previous Hold rating on Korn Ferry (NYSE: KFY ), the global organizational consulting firm, its stock has gained 17.5%. However, I do consider the majority of these gains to be largely speculative and leadingOliver Rodzianko is an investment analyst specializing in the technology sector, grounded in timeless value principles. His expertise spans AI, semiconductors, software, and renewable energy, with a focus on companies that demonstrate resilient management and lasting competitive advantages. A t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission File Number 001-14505 | --- | --- | --- | |-------------------------------------------------------------------------------- ...

MoMo Productions Investment action I recommended a hold rating for Korn Ferry (NYSE:KFY) when I wrote about it in June, as I no longer think the business will see a growth recovery in FY25 given the prevailing interest rate situation and management guidance. Based on my current outlook and analysis, I recommend a hold rating. Although 1Q25 results had several positives, I am not certain that a growth recovery will happen in the coming months given the macro uncertainties ahead. Moreover, valuation multiples ...

Korn Ferry (NYSE:KFY) Q1 2025 Results Conference Call September 5, 2024 12:00 PM ET Company Participants Gary Burnison - President, CEO & Executive Director Bob Rozek - Executive VP, CFO & Chief Corporate Officer Gregg Kvochak - SVP of Finance, Treasury, Tax & Investor Relations Tiffany Louder - VP of Investor Relations Conference Call Participants Trevor Romeo - William Blair George Tong - Goldman Sachs Tobey Sommer - Truist Alex Sinatra - Baird Operator Ladies and gentlemen, thank you for standing by, an ...

Korn/Ferry (KFY) reported $674.95 million in revenue for the quarter ended July 2024, representing a yearover-year decline of 3.5%. EPS of $1.18 for the same period compares to $0.99 a year ago. The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of $663.76 million. With the consensus EPS estimate being $1.12, the EPS surprise was +5.36%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Korn/Ferry (KFY) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 5.36%. A quarter ago, it was expected that this staffing company would post earnings of $1.13 per share when it actually produced earnings of $1.26, delivering a surprise of 11.50%. Over the last four quarters, the compa ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contacts: Investor Relations: Tiffany Louder, (214) 310-8407 Media: Dan Gugler, (310) 226-2645 Korn Ferry Announces First Quarter Fiscal 2025 Results of Operations Highlights | --- | --- | --- | |-------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | ▪ | | Korn Ferry reports Q1 FY'25 fee revenue ...