OverviewSuggest Edit

Kforce provides professional and technical specialty staffing services and solutions. It operates through three segments: Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS). The Company provides temporary staffing and permanent placement services to its clients in various areas and industries. In addition, its GS segment provides services and solutions to the Federal Government as a prime and a subcontractor. This segment offers integrated business solutions to its customers in areas, such as information technology, healthcare informatics, data and knowledge management, research and development, audit readiness, financial management, accounting, and other areas.

TypePublic
Founded1962
HQTampa, US
Websitekforce.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2018)2,400(-7%)
Job Openings131
Revenue (FY, 2018)$1.4 B(+5%)
Share Price (Nov 2019)$39.9

Key People/Management at Kforce

David Dunkel

David Dunkel

Chairman and Chief Executive Officer
Joseph Liberatore

Joseph Liberatore

President
David Kelly

David Kelly

Chief Financial Officer & Secretary
Kye Mitchell

Kye Mitchell

Chief Operations Officer
Michael Blackman

Michael Blackman

Chief Corporate Development Officer
Denis Edwards

Denis Edwards

Chief Information Officer
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Kforce Office Locations

Kforce has offices in Tampa, Addison, Atlanta, Austin and in 53 other locations
Tampa, US (HQ)
1001 E Palm Ave
Addison, US
15301 Dallas Pkwy #800
Atlanta, US
2135 Defoor Hills Rd NW
Austin, US
6500 River Pl Blvd #202
Bellevue, US
1120 112th Ave NE #450
Bloomington, US
7760 France Ave S #660
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Kforce Financials and Metrics

Kforce Revenue

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Kforce's revenue was reported to be $1.42 b in FY, 2018
USD

Revenue (Q3, 2019)

345.6m

Gross profit (Q3, 2019)

102.8m

Gross profit margin (Q3, 2019), %

29.8%

Net income (Q3, 2019)

14.9m

EBIT (Q3, 2019)

22.2m

Market capitalization (15-Nov-2019)

907.5m

Closing stock price (15-Nov-2019)

39.9

Cash (30-Sep-2019)

41.3m

EV

931.2m
Kforce's current market capitalization is $907.5 m.
Annual
USDFY, 2011FY, 2012FY, 2015FY, 2016FY, 2018FY, 2018

Cash

939.0k1.4m1.5m1.5m379.0k112.0k

Accounts Receivable

174.8m151.6m198.9m206.4m225.9m234.9m

Prepaid Expenses

5.6m7.4m9.1m10.7m12.1m13.1m

Current Assets

186.2m171.6m214.5m218.7m245.4m248.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

685.0k1.0m862.0k812.0k5.4m907.0k1.1m803.0k816.0k1.1m920.0k1.0m925.0k2.7m3.5m703.0k257.0k473.0k466.0k259.0k65.0m41.3m

Accounts Receivable

166.7m186.8m173.1m179.4m169.0m164.5m164.7m181.9m187.8m202.4m210.4m215.7m209.4m227.6m225.4m243.8m237.8m239.1m237.6m220.5m225.8m227.8m

Prepaid Expenses

7.3m6.9m14.6m17.0m7.9m9.4m11.1m10.1m11.8m10.3m10.5m12.8m11.7m10.7m10.9m12.7m12.0m14.0m13.6m8.0m8.7m8.0m

Current Assets

181.4m198.6m197.0m202.4m187.6m185.8m190.1m205.5m210.1m219.2m225.7m234.4m227.8m242.0m241.6m259.1m250.9m254.5m252.0m255.5m299.8m277.3m
Annual
USDFY, 2011FY, 2012FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

27.2m(13.7m)42.8m32.8m33.3m58.0m

Depreciation and Amortization

12.7m10.9m9.8m8.8m8.5m8.3m

Accounts Payable

(4.6m)10.9m1.8m(1.9m)(1.5m)3.9m

Cash From Operating Activities

31.2m56.0m70.7m39.8m29.3m87.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

11.6m20.1m4.1m(29.1m)(19.8m)3.1m10.0m19.0m6.2m82.0m3.7m14.5m23.5m5.9m17.0m27.1m9.2m25.4m41.6m26.9m101.7m116.7m

Depreciation and Amortization

6.5m9.6m3.0m5.8m8.5m2.4m4.9m7.4m2.4m7.4m2.3m4.6m6.7m2.1m4.2m6.4m2.1m4.2m6.2m2.0m3.6m5.1m

Accounts Payable

761.0k3.5m16.0m15.7m8.5m(1.3m)(2.7m)(2.4m)(3.5m)4.9m(2.5m)1.1m(2.1m)(2.1m)(4.1m)(1.3m)(2.1m)3.8m3.6m5.8m2.3m2.6m

Cash From Operating Activities

10.9m13.9m2.5m7.7m27.8m(8.4m)(1.2m)3.8m5.9m3.7m3.3m16.0m29.7m(10.5m)5.5m5.6m10.3m38.3m64.7m11.8m22.3m46.5m
USDY, 2019

EV/EBIT

42 x

EV/CFO

20 x

Financial Leverage

2.2 x
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Kforce Operating Metrics

Kforce's Customers was reported to be 4 k in Feb, 2019. Kforce's Subscribers was reported to be 3 m in Feb, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Sep, 2017Q3, 2017Nov, 2017FY, 2017Feb, 2018Q1, 2018Feb, 2019

Customers

4 k3 k4 k4 k

Locations

63 63 63 64 63 63 63 62 62 61 60 60 60 60 60 59

Markets

41

Subscribers

3 m
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Kforce Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
RDI SystemsDecember 01, 2008
Bradson CorpOctober 01, 2006
Pinkerton Computer ConsultantsJanuary 31, 2006
VistaRMSDecember 03, 2004
Hall Kinion & AssociatesJune 06, 2004
KFAH II, LLC
KFAH, LLC
Kforce.com, Inc.
Kforce Flexible Solutions, LLC
Kforce Global Solutions, Inc.
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Kforce Revenue Breakdown

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Kforce revenue breakdown by business segment: 66.8% from Technology, 25.5% from Finance and Accounting and 7.7% from Government Solutions

Kforce Online and Social Media Presence

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Kforce News and Updates

Kforce Reports Third Quarter 2019 Revenue of $345.6 Million, EPS From Continuing Operations of $0.68 per Share; Tech Flex Year-Over-Year Growth Accelerates to 6.5%, on a Billing Day Basis; Repurchased 1.2 Million Shares of Stock for $40.0 Million During the Quarter

TAMPA,Fla., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a professional staffing services and solutions firm, today announced results for the third quarter of 2019. Unless indicated otherwise, the commentary within this release relates only to the results of our continuing operati…

Kforce Inc. Announces Participation in the J.P. Morgan Ultimate Services Conference

TAMPA, Fla., Oct. 16, 2019 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, announced that Kforce management will participate in the J.P. Morgan 2019 Ultimate Services Investor Conference on November 13, 2019 at 1:20 p.m. ET at J.P. Morgan…

Kforce Reports First Quarter 2019 Revenue From Continuing Operations of $326.7 Million; Tech Flex Improves to 9.8% Year-Over-Year Growth Per Billing Day; EPS From Continuing Operations of $0.32 Per Share; Adjusted EPS From Continuing Operations of $0.38 Per Share

TAMPA, Fla., May 01, 2019 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a provider of professional staffing services and solutions, today announced results for the first quarter of 2019.

Kforce to Present at the Credit Suisse Extreme Services Conference and Baird’s Global Consumer, Technology & Services Conference

TAMPA, Fla., April 17, 2019 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, today announced that management will participate in the Credit Suisse Extreme Services Conference on May 7, 2019 in New York City.

Kforce Inc. Schedules First Quarter 2019 Earnings Release and Conference Call

TAMPA, Fla., April 05, 2019 (GLOBE NEWSWIRE) -- Kforce Inc. (NASDAQ: KFRC), a provider of professional staffing services and solutions, on Wednesday, May 1, 2019 will release first quarter results pre-market and host a conference call to discuss the results.  The call will begin at 8:30 a.m. ET.  …

ManTech Completes the Acquisition of Kforce Government Solutions

Latest Addition Expands ManTech’s Federal Civilian Presence with Major Customers including Department of Veterans Affairs Latest Addition Expands ManTech’s Federal Civilian Presence with Major Customers including Department of Veterans Affairs
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Kforce Frequently Asked Questions

  • When was Kforce founded?

    Kforce was founded in 1962.

  • Who are Kforce key executives?

    Kforce's key executives are David Dunkel, Joseph Liberatore and David Kelly.

  • How many employees does Kforce have?

    Kforce has 2,400 employees.

  • What is Kforce revenue?

    Latest Kforce annual revenue is $1.4 b.

  • What is Kforce revenue per employee?

    Latest Kforce revenue per employee is $591 k.

  • Who are Kforce competitors?

    Competitors of Kforce include Dice.com, Insperity and ASGN.

  • Where is Kforce headquarters?

    Kforce headquarters is located at 1001 E Palm Ave, Tampa.

  • Where are Kforce offices?

    Kforce has offices in Tampa, Addison, Atlanta, Austin and in 53 other locations.

  • How many offices does Kforce have?

    Kforce has 57 offices.