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Kforce Reports Fourth Quarter and Full Year 2011 Results

Kforce News Release (02/07/12)

Kforce Inc., a provider of professional staffing services and solutions, on Feb. 7 announced results for its fourth quarter of 2011. Revenue for the quarter ended Dec. 31, 2011, was $285.6 million compared with $289.0 million for the quarter ended Sept. 30, 2011, a decrease of 1.2%, and compared with $258.5 million for the quarter ended Dec. 31, 2010, an increase of 10.5%. For the quarter ended Dec. 31, 2011, Kforce reported net income of $7.1 million, versus $8.4 million for the quarter ended Sept. 30, 2011.

Kforce reported total revenue for the year ended Dec. 31, 2011, of $1.1 billion as compared with $990.8 million for 2010, an increase of 12.1%. Net income was $27.2 million, versus net income of $20.6 million for 2010.

In a conference call with investors, Kforce chairman and chief executive officer David L. Dunkel said, “Looking back on 2011, we believe that the staffing industry’s performance has been significantly different than in previous economic cycles. We continue to benefit from our clients’ desire for a flexible work force during the slow economic recovery.”