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Kforce (Kforce) Net Income : $56 Mil (TTM As of Mar. 2024)


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What is Kforce Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Kforce's Net Income for the three months ended in Mar. 2024 was $11 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $56 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Kforce's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.58.


Kforce Net Income Historical Data

The historical data trend for Kforce's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kforce Net Income Chart

Kforce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 130.86 56.04 75.18 75.43 61.08

Kforce Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.21 18.57 10.58 15.72 10.99

Kforce Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Kforce's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=85.25+-24.175+0+0
=61

Kforce's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=15.071+-4.084+0+0
=11

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $56 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kforce  (NAS:KFRC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Kforce's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Kforce Net Income Related Terms

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Kforce (Kforce) Business Description

Traded in Other Exchanges
Address
1150 Assembly Drive, Suite 500, Tampa, FL, USA, 33607
Kforce Inc provides professional and technical specialty staffing services and solutions. The company operates two business segments: 1) technology segment where the company provides talent solutions with candidates skilled in areas including systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security. 2) FA segment where the company offers consultants in traditional finance and accounting roles such as finance, planning and analysis; business intelligence analysis; general accounting; transactional accounting business and cost analysis; and taxation and treasury. The majority of revenue is earned through the technology segment.
Executives
David M Kelly officer: Sr VP, Chief Financial Officer
N John Simmons director 33 NORTH PINE CIRCLE, BELLEAIR FL 33756
Elaine Rosen director
Andrew G Thomas officer: CHIEF MARKETING OFFICER 1001 E PALM AVE, TAMPA FL 33605
Joseph J Liberatore officer: President
David L Dunkel director, officer: Chief Executive Officer
Jeffrey B. Hackman officer: SVP Finance & Accounting 1001 EAST PALM AVENUE, TAMPA FL 33605
Ralph Struzziero director
Derrick Dewan Brooks director 1001 EAST PALM AVENUE, TAMPA FL 33605
Kye L. Mitchell officer: Chief Operations Officer 1001 EAST PALM AVENUE, TAMPA FL 33605
Mark F Furlong director 770 M WATER ST, MILWAUKEE WI 53202
Michael R Blackman officer: Chief Corporate Dev. Officer
Ann E. Dunwoody director 600 THIRD AVENUE, NEW YORK NY 10016
Catherine Cloudman director 1001 E. PALM AVENUE, TAMPA FL 33605
Richard M Cocchiaro director, officer: Vice Chairman