Kforce reports Q4 EPS 82c, consensus 79c

Reports Q4 revenue $363.45M, consensus $363.36M. Joseph Liberatore, president and CEO, commented, “I am tremendously grateful for the extraordinary efforts of the Kforce team who executed well in 2023 in an environment that proved to be more challenging than originally expected. Our strong execution and focused business model allowed us to deliver strong results while continuing to allocate significant capital towards strategic investments in our people and tools. As a result, we believe that we enter 2024 well positioned to take additional market share and create significant long-term returns for our shareholders. While clients have been acting with restraint over the last 12 plus months, the backlog of desired investments continues to grow. We expect these important technology investments to be high priorities once the macro uncertainties begin to clear. Our focus on growing our business organically with a consistent, refined business model tailored to providing highly skilled technology talent solutions to world-class companies has been critical to our success over many years, and we remain confident that our Firm is well placed for improving market conditions.”