Kforce Updates Second Quarter Revenue Trends Ahead of Its Presentation at the Robert W. Baird Conference on June 3rd
David L Dunkel, Chief Executive Officer, commented, “We are pleased with the continued stabilization of our businesses, and relative strength of our technology business, since we reported first quarter results on
David M Kelly, Chief Financial Officer, commented, “As the second quarter has unfolded, we have continued to see stabilization in each of our lines of business, especially in our technology business. In addition, we spoke about the business we secured to support the government’s response to the COVID-19 health and economic crisis by partnering with several companies to provide consultants in certain roles. While these engagements are fluid, we have seen a significant ramp in these projects as the quarter has progressed and believe that revenues will likely be in the top half of the
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All statements in this press release, other than those of a historical nature, are forward-looking statements including, but not limited to, statements regarding the secular drivers of demand for technology, the confidence in Kforce’s business moving forward, Kforce’s priorities in allocating its capital, the level of support to Kforce’s FA Flex business provided by opportunities to partner with companies that are supporting roles associated with the government’s response to the pandemic, the length of time that such opportunities may continue, and second quarter revenues from this COVID-19 project related business. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions, growth rate in temporary staffing and the general economy; competitive factors; risks due to shifts in the market demand; a reduction in the supply of consultants and candidates or the Firm’s ability to attract and retain such individuals; the success of the Firm in attracting and retaining its management team and key operating employees; the impacts (direct and indirect) of COVID-19 on our business, our consultants and employees, and the overall economy; changes in the service mix; ability of the Firm to repurchase shares; the occurrence of unanticipated expenses; the effect of adverse weather conditions; changes in our effective tax rate; changes in government regulations, laws and policies that are adverse to our businesses; risk of contract performance, delays or termination or the failure to obtain new assignments or contracts, or funding under contracts; changes in client demand and our ability to adapt to such changes; continued performance of and improvements to our enterprise information systems, ability to successfully manage outstanding litigation or other legal matters and the risk factors listed from time to time in the Firm’s reports filed with the
AT THE COMPANY
Chief Corporate Development Officer
Source: Kforce, Inc.