Korn/Ferry (KFY) reported $712.05 million in revenue for the quarter ended April 2025, representing a year- over-year increase of 3.1%. EPS of $1.32 for the same period compares to $1.26 a year ago. The reported revenue represents a surprise of +3.35% over the Zacks Consensus Estimate of $688.94 million. With the consensus EPS estimate being $1.26, the EPS surprise was +4.76%. Here is how Korn/Ferry performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall St ...

Core Insights - Korn/Ferry (KFY) is expected to report quarterly earnings of $1.26 per share, indicating no change from the previous year [1] - Analysts forecast revenues of $688.94 million, representing a decrease of 0.3% year over year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, reflecting analysts' reassessment of projections [1] Revenue Projections - Analysts estimate 'Fee Revenue - Total Executive Search' at $206.26 million, indicating a year-over-year increase of 3.8% [4] - The combined estimate for 'Fee Revenue' is projected to be $688.94 million, suggesting a decrease of 0.3% year over year [4] - 'Fee Revenue - Digital' is expected to reach $91.65 million, reflecting a change of 0.4% from the prior-year quarter [4] - 'Fee Revenue - Consulting' is anticipated to be $167.62 million, indicating a year-over-year decline of 8% [5] Market Performance - Over the past month, Korn/Ferry shares have recorded a return of 0.8%, compared to the Zacks S&P 500 composite's return of 3.6% [5] - Korn/Ferry holds a Zacks Rank 5 (Strong Sell), suggesting it may underperform the overall market in the upcoming period [5]

Korn Ferry (KFY) Conference Summary Company Overview - Korn Ferry is recognized as the largest executive search firm globally, evolving into a talent consulting organization [1] Key Insights Business Strategy - The company aims to break down silos between different business lines (executive search, consulting, digital) to present a unified Korn Ferry brand to clients [8][9] - The focus is on becoming a comprehensive talent partner for clients, addressing all aspects of their talent and business issues [9] Revenue and Client Management - The Marquee and Diamond program includes 350 top clients, contributing approximately 40% of consolidated revenue, up from 30% six years ago [10][11] - The program generates over $1 billion in fees from a total of $2.7 billion to $2.8 billion in fee revenue [11] - Leadership is taking personal responsibility for key accounts to enhance client relationships and drive growth [12][13] Financial Performance - Korn Ferry maintains an EBITDA margin range of 16% to 18%, currently at 17% [21] - In a mild recession, margins may drop to low double digits; in a severe recession, they could fall to mid-single digits but are expected to recover [21][60] Cost Management - The company has reduced real estate costs by 35% and moderated spending on business development [23] - Korn Ferry is actively weeding out low performers to optimize workforce efficiency [25] Capital Allocation - The company prioritizes reinvesting in the business, including hiring and technology investments, while also returning cash to shareholders through dividends and buybacks [28][29] - Current dividends are approximately $1.92 per share, yielding about 2.5% [30] M&A Strategy - Korn Ferry has focused on acquiring companies that align with its core competencies, particularly in finance, accounting, and IT [32][33] - The interim business is positioned to leverage executive search capabilities for cross-selling opportunities [37] Digital and AI Initiatives - The company is developing a single sign-on repository to streamline client access to various services and data [40][56] - AI initiatives are aimed at improving efficiency in consulting services and back-office operations [63][64] Market Outlook - The retirement of baby boomers is expected to create a slight uptick in executive search demand over the next three to five years [41] - The company anticipates a gradual recovery in the market as clients adapt to current economic conditions [74] Long-term Aspirations - Korn Ferry aims to be the leading name in human capital and talent strategy, akin to how McKinsey and BCG are viewed in business strategy [76] Additional Important Points - The company is focused on enhancing its digital capabilities and leveraging its intellectual property for consulting engagements [46][54] - Korn Ferry is committed to maintaining a strong balance sheet and generating free cash flow [28]

CHICAGO, May 7, 2025 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company"), a premier provider of global leadership advisory and on-demand talent solutions, today announced that Chief Executive Officer Tom Monahan and Chief Financial Officer Nirupam Sinha will participate in the Needham Technology, Media, & Consumer 1x1 Conference on Monday, May 12th, hosting meetings throughout the day.About Heidrick & StrugglesHeidrick & Struggles (Na ...

Heidrick & Struggles International (HSII) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Company Participants Tom Monahan - CEO & DirectorNirupam Sinha - CFOKevin Steinke - Managing DirectorTyler Barishaw - Equity Research Associate Conference Call Participants Marc Riddick - Business Services Analyst Operator Thank you, and welcome to Heidrick and Struggles twenty twenty five First Quarter Conference Call. Participating on the call today are the company's CEO, Tom Manahan and CFO, Niripam Sena. Accompanyin ...

Core Insights - Heidrick & Struggles International, Inc. reported Q1 2025 financial results that exceeded the high end of their outlook, showcasing a resilient business model and strong client trust [2][6][8] - The company aims to navigate economic uncertainty by enhancing client partnerships and providing strategic advisory services [2][3] Financial Performance - Consolidated net revenue for Q1 2025 was $283.6 million, a 6.9% increase from $265.2 million in Q1 2024, with an 8.1% increase on a constant currency basis [6][10] - Adjusted EBITDA rose to $29.1 million, with an adjusted EBITDA margin of 10.3%, up from 9.8% in the previous year [9][12] - Adjusted net income was $14.2 million, with adjusted diluted earnings per share remaining stable at $0.67 compared to Q1 2024 [8][9] Segment Performance - Executive Search segment net revenue increased by 5.9% to $213.4 million, driven by growth across all regions: 5.7% in the Americas, 9.4% in Europe, and 1.2% in Asia Pacific [10][28] - On-Demand Talent segment net revenue grew by 12.4% to $42.6 million, reflecting strong demand [11][12] - Heidrick Consulting segment net revenue increased by 6.8% to $27.6 million, indicating solid performance in consulting services [12][28] Outlook and Dividends - The company anticipates Q2 2025 consolidated net revenue between $285 million and $305 million, compared to $278.6 million in the same period last year [6][15] - A cash dividend of $0.15 per share was declared, payable on May 29, 2025, to shareholders of record on May 15, 2025 [14][15]

Core Viewpoint - Heidrick & Struggles International, Inc. will host a quarterly conference call to discuss its financial results for the first quarter of 2025 on May 5, 2025, at 5:00 PM ET [1]. Group 1 - The conference call will be accessible via live webcast on the investor relations section of the Heidrick & Struggles website [2]. - Participants can join the call by phone using the numbers +1-800-715-9871 or +1-646-307-1963, with the conference ID: 4805686 [2]. - A replay of the webcast will be available approximately two hours after the call concludes [2]. Group 2 - Heidrick & Struggles is recognized as a leading advisor on executive leadership, providing human capital leadership advisory services for over 70 years [3]. - The company focuses on enhancing client performance by helping organizations identify and develop outstanding leaders and teams [3].