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Korn/Ferry International Q1 diluted earnings per share $0.81

Staff Writer |
Korn/Ferry International announced first quarter fee revenue of $495.2 million.

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Second quarter diluted earnings per share was $0.81 and Adjusted diluted earnings per share was $0.85. Adjusted diluted earnings per share for the second quarter excludes $2.8 million related to retention awards from a prior acquisition, or $0.04 per share.

"For Korn Ferry's recently completed second quarter, we achieved the highest top line and bottom line results in our history, with fee revenue of approximately $495 million and Adjusted EBITDA and Adjusted EBITDA margin of approximately $80 million and 16.2%, respectively.

"Our fee revenue grew approximately 12% year-over-year in the second quarter, 14.6% at constant currency, with strong growth across all of our geographies and solutions.

"Additionally, during the quarter we continued to effectively deploy capital, repurchasing over $22 million of our shares. Our return on invested capital continues to accelerate. From the end of FY'18 to the end of Q2 FY'19, our return on invested capital has now increased by over 200 basis points," said Gary D. Burnison, CEO, Korn Ferry.

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