LOS ANGELES, Dec. 6, 2017 /PRNewswire/ --
Highlights
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| Executive Search | | 13.2% | |
| Hay Group | | 5.9% | |
Korn/Ferry International (NYSE: KFY), the preeminent global people and organizational advisory firm, today announced record fee revenue of $443.0 million for its second quarter of fiscal 2018. In addition, second quarter diluted earnings per share was $0.64 and adjusted earnings per share was $0.67. Adjusted diluted earnings per share for the second quarter excluded $1.5 million, or $0.03 per share, mainly driven by integration/acquisition costs net of related taxes.
"I am pleased to report fee revenue of $443 million, an all-time high, up 10% year over year for our recently completed second quarter. Profits were solid, with diluted earnings per share and adjusted diluted earnings per share of $0.64 and $0.67 and Adjusted EBITDA of approximately $70 million," said Gary D. Burnison, CEO of Korn Ferry. "Korn Ferry has evolved into a full-fledged consulting firm, with offerings that span search, organizational advisory services, strategy execution, leadership development, compensation and rewards and more. The acquisitions we have made over the years, the talent we have brought on board and our relentless focus on solutions aligned toward our clients' business outcomes are making a notable impact. I look forward to what the future holds as we enter calendar year 2018."
Selected Financial Results | |||||||||
(dollars in millions, except per share amounts) (a) | | ||||||||
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| Second Quarter | | Year to Date | | | ||||
| FY'18 | | FY'17 | | FY'18 | | FY'17 | | |
Fee revenue | $ 443.0 | | $ 401.9 | | $ 844.3 | | $ 777.5 | | |
Total revenue | $ 455.5 | | $ 415.0 | | $ 870.4 | | $ 807.9 | | |
Operating income | $ 51.2 | | $ 46.5 | | $ 92.0 | | $ 51.1 | | |
Operating margin | 11.6% | | 11.6% | | 10.9% | | 6.6% | | |
Net income attributable to Korn Ferry | $ 36.3 | | $ 30.2 | | $ 65.4 | | $ 33.4 | | |
Basic earnings per share | $ 0.65 | | $ 0.53 | | $ 1.16 | | $ 0.59 | | |
Diluted earnings per share | $ 0.64 | | $ 0.52 | | $ 1.15 | | $ 0.58 | | |
| | | | | | | | | |
EBITDA Results (b): | Second Quarter | | Year to Date | | | ||||
| FY'18 | | FY'17 | | FY'18 | | FY'17 | | |
EBITDA | $ 67.4 | | $ 57.5 | | $ 123.9 | | $ 77.7 | | |
EBITDA margin | 15.2% | | 14.3% | | 14.7% | | 10.0% | | |
| | | | | | | | | |
Adjusted Results (c): | Second Quarter | | Year to Date | | | ||||
| FY'18 | | FY'17 | | FY'18 | | FY'17 | | |
Adjusted fee revenue | $ 443.0 | | $ 401.9 | | $ 844.3 | | $ 781.1 | | |
Adjusted EBITDA (b) | $ 69.6 | | $ 63.3 | | $ 128.9 | | $ 119.7 | | |
Adjusted EBITDA margin (b) | 15.7% | | 15.7% | | 15.3% | | 15.3% | | |
Adjusted net income attributable to Korn Ferry | $ 37.8 | | $ 34.1 | | $ 69.0 | | $ 63.6 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. |