Q3 2025 Korn Ferry Earnings Call Transcript
Key Points
- Korn Ferry (KFY) reported a 13% year-over-year increase in adjusted EBITDA, reaching $114 million.
- The company saw a 13% growth in new business, driven by strong performance in the Americas and EMEA regions.
- Korn Ferry (KFY) increased its quarterly dividend by 30%, marking the sixth increase in the last five years.
- The company's executive search fee revenue grew by 4% at constant currency, with notable growth in North America.
- Korn Ferry (KFY) successfully integrated recent acquisitions, achieving close to 1,100 cross referrals since 2021.
- The macroeconomic environment for consulting services has been challenging over the last eight quarters.
- Digital new business trends showed an 8% decline in constant currency, compared to 10% growth in the previous quarter.
- Professional search and interim new business and fee revenue remained flat year over year at constant currency.
- The company faces potential headwinds from geopolitical and economic uncertainties, impacting client hiring activities.
- Korn Ferry (KFY) noted that smaller, discretionary consulting engagements have been put on hold due to cost-cutting measures by clients.
Ladies and gentlemen, thank you for standing by and welcome to the Korn Ferry third-quarter fiscal year 2025 conference call.
(Operator Instructions)
As a reminder, this conference call is being recorded for replay purposes.
We have also made available in the Investor Relations section of our website at kornferry.com a copy of the financial presentation that we will be reviewing with you today.
Before I turn the call over to your host, Mr. Gary Burnison, let me first read a cautionary statement to investors. Certain statements made in the call today, such as those relating to future performance, plans and goals, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, investors are cautioned not to place undue reliance on such statements. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties which
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