Ein Mann liest Wirtschaftsnachrichten (Symbolbild).
Quelle: pixabay.com
Google
neu
Die Newsartikel wurden besser lesbar gestaltet.
Mehr erfahren
 |  06. März 2017, 22:10

Korn Ferry International Announces Third Quarter Fiscal 2017 Results of Operations

PR Newswire

Anhören
Teilen
Feedback
Kopieren
ARIVA Newsletter
Korn Ferry Int. Inc 65,50 € Korn Ferry International Inc Chart -0,76%

LOS ANGELES, March 6, 2017 /PRNewswire/ --

Highlights

  • Korn Ferry reports an 11% increase in Q3 FY'17 fee revenue compared to the year ago-quarter, primarily driven by the acquisition in Hay Group.
  • Futurestep's new business in the quarter reached a record high of $103.8 million, with a record $83 million in Solutions new business.
  • Operating margin was 8.0% in Q3 FY'17 compared to an operating margin of (4.1)% in Q3 FY'16.  Adjusted EBITDA margin increased to 14.5% in Q3 FY'17 from 13.6% in Q3 FY'16.
  • Q3 FY'17 diluted earnings per share was $0.42 compared to diluted loss per share of $0.30 in Q3 FY'16.  Adjusted diluted earnings per share was $0.53 in Q3 FY'17, compared to adjusted diluted earnings per share in Q3 FY'16 of $0.52.
  • The Company continued to repurchase shares in the open market with cumulative share repurchases of 893,000 since October 2016, representing a reduction of approximately 1.6% of outstanding shares of common stock.
  • The Company declared a quarterly dividend of $0.10 per share on March 6, 2017, payable on April 14, 2017 to stockholders of record on March 23, 2017.

Korn/Ferry International (NYSE: KFY), the preeminent global people and organizational advisory firm, today announced third quarter fee revenue of $381.9 million.  Q3 FY'17 diluted earnings per share and adjusted diluted earnings per share were $0.42 and $0.53, respectively.  Adjusted diluted earnings per share exclude $8.6 million, or $0.15 per share, of restructuring charges, net and integration/acquisition costs.

"I am pleased to report an 11% increase in fee revenue to $382 million and strong profitability with adjusted diluted earnings per share of $0.53 and adjusted EBITDA of approximately $55 million during our recently completed third quarter, benefitted by the acquisition of Hay Group," said Gary D. Burnison, CEO of Korn Ferry.  "I'm confident the steps we have taken since combining with the Hay Group – broadening our solutions, unifying two outstanding workforces and streamlining our operations – have not only created the world's leading organizational and people advisory firm, but a transformational platform for growth and scale."

Selected Financial Results


(dollars in millions, except per share amounts) (a)





Third Quarter


Year to Date




FY'17


FY'16


FY'17


FY'16



Fee revenue

$       381.9


$       344.2


$  1,159.5


$     892.2



Total revenue

$       394.2


$       358.9


$  1,202.1


$     929.6



Operating income (loss)

$         30.5


$       (14.1)


$       81.6


$       47.8



Operating margin

8.0 %


(4.1) %


7.0 %


5.4 %



Net income (loss) attributable to Korn Ferry

$         23.9


$       (16.0)


$      57.3


$       25.1



Basic earnings (loss) per share

$         0.42


$       (0.30)


$      1.01


$       0.49



Diluted earnings (loss) per share

$         0.42


$       (0.30)


$      1.00


$       0.48













EBITDA Results (b):

Third Quarter


Year to Date




FY'17


FY'16


FY'17


FY'16



EBITDA

$         46.6


$       (10.6)


$     124.4


$       64.4



EBITDA margin

12.2 %


(3.1) %


10.7 %


7.2 %













Adjusted Results (c):

Third Quarter


Year to Date




FY'17


FY'16


FY'17


FY'16



Adjusted fee revenue

$       381.9


$       350.1


$ 1,163.0


$      898.1



Adjusted EBITDA (b)

$         55.3


$         47.7


$    174.9


$      135.4



Adjusted EBITDA margin (b)

14.5 %


13.6 %


15.0 %


15.1 %



Adjusted net income attributable to Korn Ferry

$         30.1


$         28.8


$      93.7


$        78.1



Adjusted basic earnings per share

$         0.53


$         0.53


$      1.65


$        1.51



Adjusted diluted earnings per share

$         0.53


$         0.52

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.