On July 31, Kforce
- Sales improved 11% to a record high of $259.9 million.
- Total bank debt was reduced $15 million from the previous quarter. However, year-over-year bank debt has increased 37%.
- Bradson Corp. merged with Kforce Government Solutions; both companies are subsidiaries of Kforce.
- Management expects fiscal-third-quarter revenues to range between $260 million and $267 million.
- Kforce has a four-star Motley Fool CAPS rating, just one star below the top rank. Comparable staffing companies such as MPS Group
(NYSE:MPS) and Robert Half International(NYSE:RHI) carry four- and three-star ratings, respectively.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Sales |
$259.9 |
$234.4 |
10.9% |
Net Profit |
$10.6 |
$8.4 |
26.4% |
EPS |
$0.25 |
$0.20 |
25.0% |
Diluted Shares |
42.4 |
42.3 |
0.4% |
Get back to basics with the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
36.2% |
34.5% |
1.7 |
Operating Margin |
7.2% |
6.4% |
0.8 |
Net Margin |
4.1% |
3.6% |
0.5 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$1.3 |
$0.8 |
58.3% |
Accounts Rec. |
$152.2 |
$132.4 |
15.0% |
Liabilities data unavailable.
The balance sheet reflects the company's health.
Cash Flow Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Capital Expenditures |
$4.5 |
$2.7 |
68.8% |
The company did not give a cash flow statement.
Free cash flow is a Fool's best friend.
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- Foolish Forecast: Korn/Ferry En Route
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