Sales by segment: Executive Search: $190.9M (+0.1%); Advisory: $207.1M (-0.2%); RPO & Professional Search: $92.8M (+20.3%).
Operating margin by segment: Executive Search declined 260 bps to 22%; Advisory increased 100 bps to 14.5% & RPO & Professional Search increased 60 bps to 15.7%.
Adj. EBITDA margin by segment: Executive Search increased 50 bps to 26%; Advisory was flat to 18.8% & RPO & Professional Search increased 60 bps to 16.9%.
Total margins: Operating declined 80 bps to 12.7%; EBITDA increased 140 bps to 16.7% & Adj. EBITDA also increased 80 bps to 16.7%.
The Company continued with its balanced approach to capital allocation, buying back $37.4M of stock during the year.
Also declared a quarterly dividend of $0.10/share payable on July 31, 2019.
Q1 2020 Outlook: Fee revenue expected to be ~$466-486M; Diluted EPS of ~$0.73-$0.81.
Previously: Korn/Ferry EPS in-line, beats on revenue (Jun. 20 2019)
Previously: Korn/Ferry declares $0.10 dividend (Jun. 20 2019)
Subscribe for full text news in your inbox