Announcement • Jun 30
Korn Ferry (NYSE:KFY) entered into a definitive agreement to acquire Alexander Mann Group Limited from Auxey Holdings (lux) S.a.s., OMERS Administration Corporation, AMS CayCo Ltd, Ocorian Limited and management of Alexander Mann Group Limited for £850 million. Korn Ferry (NYSE:KFY) entered into a definitive agreement to acquire Alexander Mann Group Limited from Auxey Holdings (lux) S.a.s., OMERS Administration Corporation, AMS CayCo Ltd, Ocorian Limited and management of Alexander Mann Group Limited for £850 million on June 27, 2026. A cash consideration of £659 million will be paid by Korn Ferry. The consideration consists of common equity of Korn Ferry having a value of £191 million to be issued for common equity of Alexander Mann Group Limited. As part of consideration, £850 million is paid towards common equity of Alexander Mann Group Limited. Korn Ferry expects to fund the cash portion of the transaction consideration with approximately $300 million (£226 million) of cash on hand and the remaining approximately $581 million (£439.61 million) of cash consideration with borrowings under Korn Ferry’s existing revolver. Additionally, Korn Ferry will issue approximately 3.6 million shares, subject to a 15% collar at the closing.
For the period ending December 31, 2025, Alexander Mann Group Limited reported total revenue of $650 million (£491.82 million) and EBITDA of ($100 million) £75.67 million.
The consummation of the transaction is subject to receipt of regulatory clearances, antitrust approvals and is expected to close in Korn Ferry’s 2nd fiscal quarter of FY’27. The transaction is expected to be immediately accretive to earnings per share in the first full year after adjusting for restructuring and integration and transaction costs.
Marco Compagnoni, Brodie Swartz & Andréa Armborst of Weil, Gotshal & Manges LLP acted as legal advisor for Auxey Holdings S.a.s. and OMERS Administration Corporation. Garrett T. Charon of Ropes & Gray LLP acted as legal advisor for AMS CayCo Ltd. Michael C. Cohen and Jonathan T. Keen of Blank Rome LLP acted as legal advisor for Korn Ferry. Travers Smith LLP acted as legal advisor for Korn Ferry. Announcement • Jun 29
Korn Ferry(NYSE:KFY) dropped from Russell 3000E Growth Benchmark Korn Ferry(NYSE:KFY) dropped from Russell 3000E Growth Benchmark Declared Dividend • Jun 29
Fourth quarter dividend of US$0.55 announced Shareholders will receive a dividend of US$0.55. Ex-date: 6th July 2026 Payment date: 31st July 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 25
Full year 2026 earnings released: EPS: US$5.40 (vs US$4.69 in FY 2025) Full year 2026 results: EPS: US$5.40 (up from US$4.69 in FY 2025). Revenue: US$2.94b (up 7.6% from FY 2025). Net income: US$277.4m (up 14% from FY 2025). Profit margin: 9.4% (up from 8.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jun 16
Korn Ferry to Report Q4, 2026 Results on Jun 23, 2026 Korn Ferry announced that they will report Q4, 2026 results Pre-Market on Jun 23, 2026 Announcement • Mar 10
Korn Ferry Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2026 Korn Ferry provided earnings guidance for the fourth quarter of fiscal year 2026. For the quarter, company expected fee revenue to be in the range of $730 million and $750 million; and diluted earnings per share is expected to range between $1.34 to $1.40. Announcement • Mar 07
Korn Ferry Appoints Pete Shimer to the Board of Directors and to the Board’s Audit Committee and the Nominating and Corporate Governance Committee Korn Ferry announced that Pete Shimer, former Chief Operating Officer of Deloitte U.S., has been elected to the company’s Board of Directors and appointed to the Board’s Audit Committee and the Nominating and Corporate Governance Committee. Shimer brings to Korn Ferry’s Board extensive consulting, operational and financial expertise, having spent his entire career at Deloitte in a range of senior roles. As Deloitte U.S.’s COO, he led Finance & Administration, Information Technology, and Corporate Development, helping to bridge strategy and operations to drive world-class operating results. He also served as Interim Deloitte U.S. Chief Executive Officer. Throughout his tenure at Deloitte, Shimer held several key leadership positions, including Chief Financial Officer and Lead Client Service Partner for multiple Fortune 500 clients. In these roles, he was responsible for evaluating major investments—across acquisitions, joint ventures, technology, and innovation initiatives—and advancing strategic priorities.
Shimer earned a Bachelor of Arts in Accounting from the University of Washington. He currently serves as Executive Committee Chair of the Cancer Artificial Intelligence Alliance and is on the Board of Directors of Alaska Air Group, where he is a member of the Audit and Safety Committees, and Synopsys, where he is a member of the Audit Committee. He is also an Executive Committee Board member and Vice Chair for the Fred Hutchinson Cancer Center and Board Member of the University of Washington Foster School of Business. Announcement • Mar 06
Korn Ferry Approves Increase in its Quarterly Cash Dividend, Payable on April 15, 2026 Korn Ferry on March 5, 2026 announced its Board of Directors has approved a 15% increase in its quarterly cash dividend, raising the quarterly dividend from $0.48 per share to $0.55 per share. This dividend will be payable on April 15, 2026 to shareholders of record on March 27, 2026. This represents an indicated annual dividend of $2.20 per share. Announcement • Mar 02
Korn Ferry to Report Q3, 2026 Results on Mar 09, 2026 Korn Ferry announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Mar 09, 2026 Announcement • Jan 13
Korn Ferry Announces the Launch of Korn Ferry Talent Suite Korn Ferry announced the launch of Korn Ferry Talent Suite--a technology platform, powered by 50 years of the firm's proprietary performance IP and data. The new offering combines a powerful set of talent applications built on a single SaaS technology platform. More than a delivery system, Talent Suite embeds Korn Ferry's talent IP, data, advanced analytics and AI into client workflows and supports scalable, enterprise-wide deployment. Through Talent Suite, all of Korn Ferry's products such as Architect, Assess, Pay, Recruit, Sell and more can be deployed in an organization's environment through subscription- and license-based offerings. In addition, Talent Suite can be embedded broadly into Korn Ferry's Solutions as the firm's consultants work with global organizations to deliver engagements. The new platform provides one clear view of people and how they impact business outcomes. Talent Suite ensures every talent decision is connected, grounded in science, and aligned to the outcomes that matter most to a business, eliminating the guesswork and bringing clarity to what's working, what's missing, and what to do next. The applications in Talent Suite identify skills and development gaps across the entire workforce and help companies close these gaps with precise talent actions--from hiring, developing, coaching and moving talent where it's needed most. Talent Suite ties pay, performance, and potential together to deliver fairer, more confident decisions that drive results. Announcement • Dec 03
Korn Ferry to Report Q2, 2026 Results on Dec 09, 2025 Korn Ferry announced that they will report Q2, 2026 results Pre-Market on Dec 09, 2025 Announcement • Aug 29
Korn Ferry to Report Q1, 2026 Results on Sep 09, 2025 Korn Ferry announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Sep 09, 2025 Announcement • Jul 28
Korn Ferry, Annual General Meeting, Sep 18, 2025 Korn Ferry, Annual General Meeting, Sep 18, 2025. Announcement • Jun 11
Korn Ferry to Report Q4, 2025 Results on Jun 18, 2025 Korn Ferry announced that they will report Q4, 2025 results Pre-Market on Jun 18, 2025 Announcement • Mar 03
Korn Ferry to Report Q3, 2025 Results on Mar 11, 2025 Korn Ferry announced that they will report Q3, 2025 results Pre-Market on Mar 11, 2025 Announcement • Feb 08
Korn Ferry Announces Chief Executive Officer Changes Korn Ferry announced with deep sorrow that Mark Arian, the Company’s Chief Executive Officer, Consulting, passed away on February 6, 2025. Mr. Arian’s dedication, leadership and contributions to the Company have been invaluable, and he will be greatly missed by the entire Korn Ferry community. The Company extends its heartfelt condolences to Mr. Arian’s family and loved ones, and expresses its gratitude for his years of service and the significant contributions he made to Korn Ferry. Lesley Uren, who has served as President of Consulting in EMEA for the past three years, has been appointed on February 6, 2025 to take over the role of Chief Executive Officer, Consulting. The Company expects that Ms. Uren’s extensive experience and proven track record in the consulting industry will allow for a seamless transition and continued excellence in leadership for the Company. Announcement • Dec 05
Korn Ferry Declares Quarterly Dividend, Payable on January 15, 2025 Korn Ferry declared a quarterly dividend of $0.37 per share on December 4, 2024, which is payable on January 15, 2025 to stockholders of record on December 20, 2024. Announcement • Nov 27
Korn Ferry to Report Q2, 2025 Results on Dec 05, 2024 Korn Ferry announced that they will report Q2, 2025 results on Dec 05, 2024 Recent Insider Transactions • Oct 17
Independent Director recently sold €355k worth of stock On the 15th of October, Debra Perry sold around 5k shares on-market at roughly €67.22 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.6m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Recent Insider Transactions • Oct 04
President recently sold €6.6m worth of stock On the 3rd of October, Gary Burnison sold around 100k shares on-market at roughly €66.42 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Sep 23
Now 20% undervalued Over the last 90 days, the stock has risen 7.2% to €67.00. The fair value is estimated to be €84.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 0.7% in a year. Earnings are forecast to grow by 39% in the next year. Recent Insider Transactions • Sep 23
Executive VP recently sold €3.4m worth of stock On the 20th of September, Robert Rozek sold around 50k shares on-market at roughly €67.65 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Declared Dividend • Sep 09
First quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 19th September 2024 Payment date: 15th October 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 06
First quarter 2025 earnings released: EPS: US$1.21 (vs US$0.90 in 1Q 2024) First quarter 2025 results: EPS: US$1.21 (up from US$0.90 in 1Q 2024). Revenue: US$674.9m (down 3.5% from 1Q 2024). Net income: US$62.6m (up 37% from 1Q 2024). Profit margin: 9.3% (up from 6.5% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 28
Korn Ferry to Report Q1, 2025 Results on Sep 05, 2024 Korn Ferry announced that they will report Q1, 2025 results Pre-Market on Sep 05, 2024 Announcement • Aug 12
Korn Ferry, Annual General Meeting, Sep 25, 2024 Korn Ferry, Annual General Meeting, Sep 25, 2024. Recent Insider Transactions • Jun 20
Chief Executive Officer of Consulting recently sold €1.2m worth of stock On the 18th of June, Mark Arian sold around 20k shares on-market at roughly €61.76 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Declared Dividend • Jun 16
Fourth quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 3rd July 2024 Payment date: 31st July 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 14
Full year 2024 earnings released: EPS: US$3.31 (vs US$3.98 in FY 2023) Full year 2024 results: EPS: US$3.31 (down from US$3.98 in FY 2023). Revenue: US$2.80b (down 1.4% from FY 2023). Net income: US$169.2m (down 18% from FY 2023). Profit margin: 6.1% (down from 7.2% in FY 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jun 08
Korn Ferry to Report Q4, 2024 Results on Jun 13, 2024 Korn Ferry announced that they will report Q4, 2024 results Pre-Market on Jun 13, 2024 Buy Or Sell Opportunity • May 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to €60.50. The fair value is estimated to be €50.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.4% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Upcoming Dividend • Mar 19
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.4%). Recent Insider Transactions • Mar 12
Key Executive recently sold €601k worth of stock On the 8th of March, Jerry Leamon sold around 10k shares on-market at roughly €60.11 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jerry's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Mar 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €59.50. The fair value is estimated to be €49.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.4% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Declared Dividend • Mar 08
Third quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 26th March 2024 Payment date: 15th April 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 64% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 07
Third quarter 2024 earnings released: EPS: US$1.16 (vs US$0.21 in 3Q 2023) Third quarter 2024 results: EPS: US$1.16 (up from US$0.21 in 3Q 2023). Revenue: US$676.9m (flat on 3Q 2023). Net income: US$59.1m (up 437% from 3Q 2023). Profit margin: 8.7% (up from 1.6% in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Mar 06
Korn Ferry Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024 Korn Ferry provided earnings guidance for the fourth quarter of fiscal 2024. For the quarter, fee revenue is expected to be in the range of $675 million and $695 million; and diluted earnings per share is expected to range between $1.06 to $1.14. Announcement • Feb 29
Korn Ferry to Report Q3, 2024 Results on Mar 06, 2024 Korn Ferry announced that they will report Q3, 2024 results on Mar 06, 2024 Upcoming Dividend • Dec 13
Upcoming dividend of US$0.33 per share at 2.4% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.4%). New Risk • Dec 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Reported Earnings • Dec 07
Second quarter 2024 earnings released: US$0.033 loss per share (vs US$1.39 profit in 2Q 2023) Second quarter 2024 results: US$0.033 loss per share (down from US$1.39 profit in 2Q 2023). Revenue: US$712.4m (down 2.1% from 2Q 2023). Net loss: US$1.71m (down 102% from profit in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
Korn Ferry Provides Consolidated Earnings Guidance for the Third Quarter of 2024 Korn Ferry provided consolidated earnings guidance for the third quarter of 2024. for the year, the company expects fee revenue to be in the range of $645 million and $665 million and diluted earnings per share is expected to range between $0.87 to $0.95. Announcement • Dec 06
Korn Ferry Announces Quarterly Dividend, Payable on January 12, 2024 Korn Ferry announced increased its regular quarterly cash dividend by 83% to $0.33 per share, which is payable on January 12, 2024 to stockholders of record on December 21, 2023. Announcement • Nov 30
Korn Ferry to Report Q2, 2024 Results on Dec 06, 2023 Korn Ferry announced that they will report Q2, 2024 results Pre-Market on Dec 06, 2023 Announcement • Sep 22
Korn Ferry Announces Appointment of Matt Espe to the Board of Directors Korn Ferry announced that Matt Espe has been elected to the company’s board of directors. Espe brings to Korn Ferry’s board extensive leadership experience having served for more than two decades on public and private company boards, including, most recently Wesco and Anywhere Real Estate Inc., among others. Espe started his career at General Electric Company, where for more than two decades he held increasing roles of responsibility. Later in his career, along with other leadership roles, he was Chief Executive Officer of multiple companies, including Armstrong World Industries, a global producer of flooring products and ceiling systems; Ricoh Americas Corporation, an information management and digital services company; and IKON Office Solutions, a document management services company. Espe currently serves as operating partner at Advent International, a private equity investment firm. Upcoming Dividend • Sep 14
Upcoming dividend of US$0.18 per share at 1.5% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.6%). Reported Earnings • Sep 08
First quarter 2024 earnings released: EPS: US$0.92 (vs US$1.46 in 1Q 2023) First quarter 2024 results: EPS: US$0.92 (down from US$1.46 in 1Q 2023). Revenue: US$706.3m (up 1.5% from 1Q 2023). Net income: US$46.6m (down 38% from 1Q 2023). Profit margin: 6.6% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Korn Ferry to Report Q1, 2024 Results on Sep 07, 2023 Korn Ferry announced that they will report Q1, 2024 results Pre-Market on Sep 07, 2023 Buying Opportunity • Aug 31
Now 20% undervalued Over the last 90 days, the stock is up 7.2%. The fair value is estimated to be €59.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 1.9% in 2 years. Earnings is forecast to grow by 4.5% in the next 2 years. Announcement • Aug 11
Korn Ferry, Annual General Meeting, Sep 21, 2023 Korn Ferry, Annual General Meeting, Sep 21, 2023, at 08:00 Pacific Standard Time. Agenda: To elect the nine directors; to consider vote on a non-binding advisory resolution to approve the Company's executive compensation; to consider vote on a non-binding advisory resolution on the frequency of future advisory votes to approve the Company's executive compensation; to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's 2024 fiscal year; and to consider such other business issues. Announcement • Jul 22
Korn Ferry Announces Management Changes On July 13, 2023, Byrne Mulrooney notified Korn Ferry of his resignation from the Company, and, effective July 19, 2023 Mr. Mulrooney will step down as Chief Executive Officer, Recruitment Process Outsourcing & Digital. Mr. Mulrooney’s final day of employment has not yet been determined. In accordance with the terms of Mr. Mulrooney’s employment agreement, he will remain employed for up to 90 days to assist with the smooth transition of his duties and responsibilities. Effective as of the Transition Date, Jeanne MacDonald will assume the position of Chief Executive Officer, Recruitment Process Outsourcing and Mathias Herzog will assume leadership of the firm’s Digital Solution. Jeanne MacDonald joined Korn Ferry in 1998 and most recently served as President, Global RPO Solutions, where she was responsible for oversight of Korn Ferry’s RPO businesses. She has worked in a variety of roles at Korn Ferry including Senior Recruiter, Business Development Director for North America prior to moving into various leadership positions within the firm. She holds a bachelor’s degree with majors in both International Relations and French from the University of Virginia. Mathias Herzog joined Korn Ferry in 2023 and currently serves as President of the Global Technology, Communications, Media and Professional Services Practice. Prior to joining Korn Ferry, he served in several executive-level roles focused on corporate strategy, business operations and GTM /Sales. He has held executive positions at Salesforce and Automation Anywhere and was a partner at multiple consulting firms. Mr. Herzog studied International Business at Reutlingen University (Germany) and holds an MBA from Georgetown University. New Risk • Jun 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.4% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: US$4.07 (vs US$6.04 in FY 2022) Full year 2023 results: EPS: US$4.07 (down from US$6.04 in FY 2022). Revenue: US$2.84b (up 7.9% from FY 2022). Net income: US$209.5m (down 34% from FY 2022). Profit margin: 7.4% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jun 25
Korn Ferry(NYSE:KFY) dropped from Russell Small Cap Comp Growth Index Korn Ferry(NYSE:KFY) dropped from Russell Small Cap Comp Growth Index Announcement • Jun 21
Korn Ferry to Report Q4, 2023 Results on Jun 27, 2023 Korn Ferry announced that they will report Q4, 2023 results Pre-Market on Jun 27, 2023 Upcoming Dividend • Mar 20
Upcoming dividend of US$0.15 per share at 1.2% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.7%). Reported Earnings • Mar 09
Third quarter 2023 earnings released: EPS: US$0.22 (vs US$1.55 in 3Q 2022) Third quarter 2023 results: EPS: US$0.22 (down from US$1.55 in 3Q 2022). Revenue: US$686.8m (flat on 3Q 2022). Net income: US$11.2m (down 86% from 3Q 2022). Profit margin: 1.6% (down from 12% in 3Q 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Korn Ferry (NYSE:KFY) acquired Salo, LLC. Korn Ferry (NYSE:KFY) entered into a definitive agreement to acquire Salo, LLC on January 18, 2023. The transaction, which is subject to customary closing conditions, is expected to close on February 1, 2023. The acquisition is expected to be immediately accretive to Korn Ferry’s adjusted earnings.Korn Ferry (NYSE:KFY) acquired Salo, LLC on February 1, 2023. Announcement • Jan 20
Korn Ferry (NYSE:KFY) entered into a definitive agreement to acquire Salo, LLC. Korn Ferry (NYSE:KFY) entered into a definitive agreement to acquire Salo, LLC on January 18, 2023. The transaction, which is subject to customary closing conditions, is expected to close on February 1, 2023. The acquisition is expected to be immediately accretive to Korn Ferry’s adjusted earnings. Upcoming Dividend • Dec 13
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.7%). Reported Earnings • Dec 09
Second quarter 2023 earnings released: EPS: US$1.42 (vs US$1.40 in 2Q 2022) Second quarter 2023 results: EPS: US$1.42. Revenue: US$727.8m (up 14% from 2Q 2022). Net income: US$73.5m (flat on 2Q 2022). Profit margin: 10% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Announcement • Dec 02
Korn Ferry to Report Q2, 2023 Results on Dec 08, 2022 Korn Ferry announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Dec 08, 2022 Announcement • Oct 07
Innovation Works Announces Executive Changes Innovation Works Inc. has announced the appointment of its new president. A promotion from within, Ven Raju has now been tasked with leading the organization effective October 6 after previously serving as IW's chief investment officer as well as the managing director of Riverfront Ventures, which maintains a $24 million fund from IW that invests in startups alongside venture capital firms. He first joined IW to take on those roles in July 2021. Raju succeeds outgoing CEO and president Rich Lunak, who held the post for 17 years after announcing plans to retire by year's end in February. IW said Raju bested over 135 applicants who applied for the role following a national search, which IW hired global consulting firm Korn Ferry to conduct. With more than 25 years of experience in venture capital and startup investment funding, Raju said this appointment is the most significant of his career. He'll immediately be tasked with overseeing the recent fresh infusions of significant capital into the organization, including over $19.6 million from Pennsylvania's Direct Venture Investment program [3] and $14.2 million as part of the Build Back Better challenge [4] the region won in September, among other recent funding scores. He declined to characterize his planned leadership style as being either similar or different to that of Lunak's. Instead, he said he plans to lead IW through an evolving ecosystem - one he described as robust and vibrant compared to other cities - to ensure IW's relevance in the local startup scene remains. Prior to joining IW, Raju served as the vice president and managing director of Northwell Ventures, a corporate venture group of New York-based health care provider Northwell Health. He also held roles as a partner at Choate Capital Partners and Chestnut Ventures. Raju holds an MBA from the University of Pennsylvania, a master's from the University of Oxford and a bachelor's from George Washington University. He resides in Wexford with his wife and two daughters. Announcement • Sep 24
Korn Ferry Announces Executive Changes Korn Ferry announced the election of a new member to its Board of Directors, in addition to the appointment of a new Non-Executive Chair. Charles Harrington joins as a Board Director. Christina Gold, who has served on the firm’s Board since 2014, and most recently as the Non-Executive Chair since 2019, retires from the Board. Current Board member Jerry Leamon succeeds Ms. Gold as Non-Executive Chair as part of a planned succession. George Shaheen retires from the Board after more than 12 years of total service, including as Non-Executive Chair from 2012 to 2019. Harrington brings to Korn Ferry’s Board extensive experience in strategy development and execution, transformation, operations, and technology development. Over his nearly 40-year career at Parsons Corporation, Harrington held increasing roles of responsibility, including 13 years as CEO, 12 years as President, and two years as CFO, EVP, and Treasurer. He also has significant public company Board and advisory experience. Upcoming Dividend • Sep 15
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.8%). Reported Earnings • Sep 08
First quarter 2023 earnings released: EPS: US$1.49 (vs US$1.38 in 1Q 2022) First quarter 2023 results: EPS: US$1.49 (up from US$1.38 in 1Q 2022). Revenue: US$695.9m (up 19% from 1Q 2022). Net income: US$77.2m (up 5.9% from 1Q 2022). Profit margin: 11% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Korn Ferry to Report Q1, 2023 Results on Sep 07, 2022 Korn Ferry announced that they will report Q1, 2023 results on Sep 07, 2022 Announcement • Aug 12
Korn Ferry, Annual General Meeting, Sep 22, 2022 Korn Ferry, Annual General Meeting, Sep 22, 2022, at 08:00 Pacific Standard Time. Agenda: To Elect the eight directors nominated by Board of Directors (the "Board") and named in the Proxy Statement to serve on the Board until the 2023 Annual Meeting of Stockholders; to Approve the Korn Ferry 2022 Stock Incentive Plan; to Approve the Korn Ferry Amended and Restated Employee Stock Purchase Plan; to Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's 2023 fiscal year; and to transact other matters. Announcement • Aug 02
Korn Ferry (NYSE:KFY) acquired Infinity Consulting Solutions, Inc. Korn Ferry (NYSE:KFY) acquired Infinity Consulting Solutions, Inc. on August 01, 2022. The acquisition is expected to be immediately accretive to Korn Ferry’s adjusted earnings.
Korn Ferry (NYSE:KFY) completed the acquisition of Infinity Consulting Solutions, Inc. on August 01, 2022. Upcoming Dividend • Jun 28
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 29 July 2022. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.6%). 
