LOS ANGELES, June 20, 2019 /PRNewswire/ --
Highlights
Korn Ferry (NYSE: KFY), a global organizational consulting firm, today announced fourth quarter and annual fee revenue of $490.8 million and $1,926.0 million, respectively. In addition, fourth quarter diluted earnings per share was $0.89 and Adjusted diluted earnings per share was $0.88.
"I am pleased to report fee revenue of $491 million and strong profitability, with diluted earnings per share and Adjusted diluted earnings per share of $0.89 and $0.88 during our recently completed fourth quarter. Net income attributable to Korn Ferry was $50.3 million and operating margin was 12.7%. Adjusted EBITDA was $82.2 million and EBITDA margin was 16.7% -- both all-time highs. We achieved the highest fiscal year fee revenue in our firm's history – up 9% on a US GAAP basis year-over-year and 12% at constant currency," said Gary D. Burnison, CEO of Korn Ferry.
"We have made tremendous progress in the recently completed fiscal year. Korn Ferry is now the organizational consultancy that helps companies look at talent and strategy together. We help companies make sure they have the right people, in the right places and for the right rewards. We bring their strategies to life by redesigning their organizational structure, helping them hire, motivate and hold on to the best people, with the right skills and mindset for the future. In the fiscal year ahead, we will continue to bridge our clients' talent and organizational strategies, unlocking their potential and driving superior performance."
Selected Financial Results
(dollars in millions, except per share amounts) (a)
| | Fourth Quarter | | Year to Date | ||||||||||||
| | FY'19 | | FY'18 | | FY'19 | | FY'18 | ||||||||
Fee revenue | | $ | 490.8 | | $ | 475.4 | | $ | 1,926.0 | | $ | 1,767.2 | ||||
Total revenue | | $ | 502.5 | | $ | 488.4 | | $ | 1,973.9 | | $ | 1,819.5 | ||||
Operating income | | $ | 62.3 | | $ | 64.2 | | $ | 140.8 | | $ | 208.4 | ||||
Operating margin | | | 12.7% | | | 13.5% | | | 7.3% | | | 11.8% | ||||
Net income attributable to Korn Ferry | | $ | 50.3 | | $ | 41.2 | | $ | 102.7 | | $ | 133.8 | ||||
Basic earnings per share | | $ | 0.90 | | $ | 0.74 | | $ | 1.84 | | $ | 2.39 | ||||
Diluted earnings per share | | $ | 0.89 | | $ | 0.73 | | $ | 1.81 | | $ | 2.35 | ||||
| ||||||||||||||||
EBITDA Results (b): | | Fourth Quarter | | Year to Date | ||||||||||||
| | FY'19 | | FY'18 | | FY'19 | | FY'18 | ||||||||
EBITDA | | $ | 82.2 | | $ | 72.8 | | $ | 197.7 | | $ | 268.5 | ||||
EBITDA margin | | | 16.7% | | | 15.3% | | | 10.3% | | | 15.2% | ||||
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Adjusted Results (c): | | Fourth Quarter | | Year to Date | ||||||||||||
| | FY'19 | | FY'18 | | FY'19 | | FY'18 Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. |