Q2 2026 Kforce Inc Earnings Call Transcript
Key Points
- Kforce Inc (KFRC) exceeded expectations in both revenue and profitability for the second quarter of 2026.
- The Technology business experienced its highest year-over-year growth rate since the end of 2022.
- The company has successfully delivered three consecutive quarters of revenue growth, returning to pre-pandemic norms.
- Kforce Inc (KFRC) has seen a meaningful shift in client behavior towards flexible talent models, particularly in technology initiatives.
- The company has maintained a stable average bill rate of approximately $90 per hour over the last four years, reflecting a higher quality, higher margin revenue stream.
- There is ongoing uncertainty in the geopolitical and macroeconomic environment, which could impact future performance.
- Despite positive trends, clients continue to take a measured approach to technology spending.
- The company experienced negative operating cash flows of $6.7 million year-to-date, consistent with historical trends during revenue inflections.
- SG&A expenses increased by 50 basis points year over year, primarily due to higher performance-based compensation.
- The company anticipates some elevated non-cash depreciation and amortization expense in early 2027 post-Workday implementation.
Ladies and gentlemen, thank you for joining us and welcome to the Kforce second-quarter 2026 earnings conference call. (Operator Instructions)
I will now hand the conference to Joe Liberatore, President and CEO. Please go ahead, sir.
Good afternoon and thank you for your time today. This call contains certain statements that are forward-looking or based upon current assumptions and expectations and are subject to risk and uncertainties. Actual results may vary materially from the factors listed in Kforce's public filing and other reports and filings with the SEC. We cannot undertake any duty to update any forward-looking statements. You can find additional information about our results in our earnings release and SEC filings.
In addition, we have published our prepared remarks within the Investor Relation portion of our website.
We are extremely pleased to have delivered results in the second quarter that again exceeded our expectations from both a revenue
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