On Wednesday, Dec. 6, executive placement firm Korn/Ferry
- Sales grew 24% to $164.8 million in a strong recruitment market.
- Net income advanced 22.8%, but earnings per share advanced 24% as the company repurchased some of its common shares.
- Management is currently guiding a third-quarter revenue range of $150 million to $158 million and diluted earnings of $0.29 to $0.33.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|---|
|
Sales |
$161,210 |
$164,787 |
$132,932 |
24% |
|
Net Profit |
-- |
$14,351 |
$11,689 |
22.8% |
|
EPS |
$0.31 |
$0.31 |
$0.25 |
24% |
|
Diluted Shares |
-- |
46,568 |
47,185 |
(1.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
38.06% |
38.91% |
(0.85) |
|
Operating Margin |
12.83% |
13.61% |
(0.78) |
|
Net Margin |
8.71% |
8.79% |
(0.08) |
**Sales less compensation and benefits.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$229,374 |
$188,505 |
21.7% |
|
Accounts Rec. |
$114,320 |
$84,182 |
35.8% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$12,251 |
$8,521 |
43.8% |
|
Long-Term Debt |
$47,275 |
$45,049 |
4.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Fools will have to wait until the 10-Q is filed for juicy cash flow details.
Find out why Fools always follow the money.
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Thirty Motley Fool CAPS players pick Korn/Ferry to outperform the market. Two say it will underperform. Where do you stand? Join more than 15,000 fellow investors in the Fool's new stock-rating service and let your voice be heard .
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
