LOS ANGELES, March 6, 2017 /PRNewswire/ --
Highlights
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) | | ||||||||
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| 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. |