Korn Ferry(US:KFY) Benzinga·2025-12-09 18:07Core Insights - Korn Ferry shares increased following the release of stronger quarterly profit and revenue, driven by broad-based growth across its businesses [1][2] Financial Performance - The company reported second-quarter adjusted earnings per share of $1.33, surpassing the analyst consensus estimate of $1.31 [2] - Quarterly sales reached $729.80 million, exceeding the expected $705.97 million [2] - Fee revenue for the second quarter was $721.7 million, reflecting a 7% increase year-over-year [3] - Executive Search revenue rose by 10%, while Professional Search & Interim revenue increased by 17% [3] - Adjusted EBITDA grew to $124.8 million, a 7% increase from the previous year, with a margin of 17.3% remaining stable [5] - The company ended the quarter with cash and equivalents totaling $761.579 million [5] - Estimated remaining fees under existing contracts were $1.842 billion, marking a 20% year-over-year increase [5] Strategic Positioning - Korn Ferry emphasizes the need for adaptable strategies in a rapidly changing economy, positioning itself as a partner to help organizations align strategy, operations, and talent [4] - The CEO highlighted the company's outstanding performance, noting the fourth consecutive quarter of accelerated growth, particularly from Marquee and Diamond accounts [4] Dividend Announcement - The company declared a cash dividend of 48 cents per share, payable on January 15, 2026, to shareholders of record on December 19, 2025 [6] Future Outlook - For the third quarter, Korn Ferry expects adjusted EPS between $1.19 and $1.25, aligning closely with the Street's estimate of $1.24 [7] - The projected GAAP EPS for the third quarter is between $1.15 and $1.21, which is below the Street's estimate of $1.26 [7] - Fee revenue for the third quarter is anticipated to be between $680 million and $694 million [7] - At the time of publication, Korn Ferry shares were up 3.52% at $67.26 [7]