LOS ANGELES, June 20, 2017 /PRNewswire/ --
Highlights
Korn/Ferry International (NYSE: KFY), the preeminent global people and organizational advisory firm, today announced fourth quarter and annual fee revenue of $406.1 million and $1,565.5 million, respectively. Fourth quarter diluted earnings per share and adjusted diluted earnings per share were $0.47 and $0.62, respectively. Adjusted diluted earnings per share for the fourth quarter excluded $8.2 million, or $0.15 per share, of restructuring charges, net, integration/acquisition costs and separation costs.
"I am pleased to report record fee revenue of $406 million and strong profitability, with diluted earnings per share and adjusted diluted earnings per share of $0.47 and $0.62 and adjusted EBITDA of approximately $60 million during our recently completed fourth quarter. With continued momentum in all business lines, we achieved the highest fiscal year fee revenue in our firm's history – up 20% year over year," said Gary D. Burnison, CEO of Korn Ferry. "There is notable runway in this market for broader talent offerings. We continue to benefit from strong demand for our holistic approach – from our anchor executive search offering to organizational advisory services, leadership development, compensation and rewards and more. As we increasingly extend our brand, broaden our solutions and attract top talent to our firm, Korn Ferry is well-positioned for the future."
Selected Financial Results
(dollars in millions, except per share amounts) (a)
| Fourth Quarter | | Year to Date | | | ||||
| FY'17 | | FY'16 | | FY'17 | | FY'16 | | |
Fee revenue | $ 406.1 | | $ 399.9 | | $ 1,565.5 | | $ 1,292.1 | | |
Total revenue | $ 419.6 | | $ 417.1 | | $ 1,621.7 | | $ 1,346.7 | | |
Operating income | $ 32.8 | | $ 4.9 | | $ 114.4 | | $ 52.7 | | |
Operating margin | 8.1% | | 1.2% | | 7.3% | | 4.1% | | |
Net income attributable to Korn Ferry | $ 26.9 | | $ 5.8 | | $ 84.2 | | $ 30.9 | | |
Basic earnings per share | $ 0.48 | | $ 0.10 | | $ 1.48 | | $ 0.58 | | |
Diluted earnings per share | $ 0.47 | | $ 0.10 | | $ 1.47 | | $ 0.58 | | |
| | | | | | | | | |
EBITDA Results (b): | Fourth Quarter | | Year to Date | | | ||||
| FY'17 | | FY'16 | | FY'17 | | FY'16 | | |
EBITDA | $ 49.5 | | $ 21.9 | | $ 173.9 | | $ 86.3 | | |
EBITDA margin | 12.2% | | 5.5% | | 11.1% | | 6.7% | | |
| | | | | | | | | |
Adjusted Results (c): | Fourth Quarter | | Year to Date | | | ||||
| FY'17 | | FY'16 | | FY'17 | | FY'16 | | |
Adjusted fee revenue | $ 406.1 | | $ 405.0 | | $1,569.1 | | $ 1,303.1 | | |
Adjusted EBITDA (b) | $ 60.1 | | $ 54.8 | | $ 235.0 | | $ 190.2 | | |
Adjusted EBITDA margin (b) | 14.8% | | 13.5% | | 15.0% | | 14.6% | | |
Adjusted net income attributable to Korn Ferry | $ 35.2 | | $ 32.8 | | $ 128.8 | | $ 110.9 | | |
Adjusted basic earnings per share | $ 0.62 | | $ 0.58 | | $ 2.27 | | $ 2.10 | | |
Adjusted diluted earnings per share | $ 0.62 | | $ 0.58 | | $ 2.24 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. |