Key Developments For kforce Inc
kforce Inc (KFRC.O) (Nasdaq)
Kforce Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates
Kforce Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the $216.0 million to $221.0 million range, and earnings per share (EPS) to be in the range of $0.06 to $0.08. According to Reuters Estimates, analysts were expecting the Company to report revenue of $221.0 million and EPS of $0.08 for the same period.
Kforce, Inc. Issues Q3 2009 Guidance In Line With Analysts' Estimates
Kforce, Inc. announced that for third quarter of 2009, it expect revenue may be in the $221-$226 million range and earnings per share (EPS) in the range of $0.07-$0.10. According to Reuters Estimates, analysts were expecting the Company to report revenues of $223 million and EPS of $0.07 for the same period.
Kforce, Inc.'s Kforce Government Solutions Wins $5.9 Million Contract To Provide Financial Systems Administrator Support
Kforce, Inc. announced that its wholly owned subsidiary Kforce Government Solutions has been awarded a contract by the Air Combat Command (ACC) to provide Information Technology (IT) computer systems administration and financial systems administrator support to the Base-Level Comptrollers. This single award, prime contract has a one year base period of performance, three one year options, and a contract value of more than $5.9 million if all options are exercised. Work will be performed at various Air Force bases throughout the U.S. Under the terms of the contract, Kforce Government Solutions will provide a broad array of IT technical and management support services, including oversight, maintenance, and support to local Network Operation Support Centers and Defense Mega Centers, to ensure that ACC financial systems provide uninterrupted service in successfully supporting daily financial operations at each of the 15 ACC bases.
Kforce, Inc. Announces Restructuring
Kforce, Inc. announced that Kforce Government Solutions (KGS) and dNovus RDI have successfully integrated their capabilities to provide a full spectrum of solutions and services to large government enterprises. The merged entity will operate as KGS.
Kforce, Inc. Files $250 Million Mixed Securities Shelf-DJ
Dow Jones reported that Kforce, Inc. registered with the Securities and Exchange Commission to sell from time to time up to $250 million of common stock, preferred stock, warrants, debt securities, depositary shares and units. Kforce, Inc. said it intends to use the net proceeds for general corporate purposes, which may include capital expenditures, repayment or refinancing of debt, investments in subsidiaries, working capital, or financing of possible acquisitions or business opportunities.
