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Korn Ferry Q1 diluted EPS $0.51

Staff Writer |
Korn/Ferry International announced first quarter fee revenue of $401.3 million.

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First quarter diluted earnings per share was $0.51 and adjusted diluted earnings per share was $0.55.

Adjusted diluted earnings per share for the first quarter excluded $2.1 million, or $0.04 per share, of integration/acquisition costs and a small amount of real estate related restructuring charges, both net of related taxes.

"I am pleased to report fee revenue of $401.3 million, up almost 7% year over year (almost 8% on a constant currency basis), for our recently completed first quarter.

"Profits were also strong, with diluted earnings per share and adjusted diluted earnings per share of $0.51 and $0.55 and Adjusted EBITDA of approximately $59 million. All three of our business lines experienced growth,” said Gary D. Burnison, CEO of Korn Ferry.

"We are making substantial investments in our operations and offering progressive solutions for the talent and organizational challenges faced by our clients.

"Korn Ferry is not only the world’s leading executive search firm – the scale and scope of our broader offerings account for more than half of our revenue.

"Our company stands at the intersection of talent and strategy and more than ever we’re helping our clients drive performance through their people."

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