BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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89

Kforce (KFRC)

With the jobless rate back at low levels, finding temps to fill empty cubicles at high-tech, accounting, and health-care businesses is a lucrative business -- as staffing outfit Kforce shows. Profits at the Tampa (Fla.) company, which has field offices in 43 markets and fills jobs in all 50 states, have quadrupled since 2003, to $22.3 million last year on revenue of $802.3 million. Several acquisitions of technology staffing firms such as VistaRMS should help sustain the profit streak. In the fourth quarter, the 12-year-old company hit an all-time high in revenues per billing day and, with demand high for placement services, gross profit per temp worker surged 10.8% last year. Around the turn of the century, Kforce posted four years in a row of losses. Today, though, its outlook is sunny, in large part, because unemployment continues to fall, to 4.7% in April.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

543.1

Sales*
($ Millions)

831.7

Sales Growth
(3-yr. avg. annual)

17.7 %

Profits*
($ Millions)

25.3

Profit Growth
(3-yr. avg. annual)

108.8 %

Return on Inv. Capital (3-yr.)

9.3 %

Share Price
12-Mo. Hi/Lo

15/7

Share Price
As of 4/28/06

14

Return on Equity

11.3 %

P/E Ratio

22

No. of Employees

1,693

Industry Human Resource & Employment Services
CURRENT
MARKET INFO

KFRC >

COMPANY WEB SITE >
Location Tampa
Phone 813 552-5000
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Kforce provides professional and technical specialty staffing services in the U.S. It operates three segments: Technology, Finance and Accounting, and Health and Life Sciences. The Technology segment offers primarily systems/applications programmers, systems analysts, and e-business and networking technicians in the areas of information technologies. The Finance and Accounting segment provides both temporary staffing and search placement services to its customers in various areas, such as taxation, budget preparation and analysis, financial reporting, cost analysis, accounts payable, accounts receivable, professional administrative, credit and collections, general accounting, audit services, and systems and controls analysis and documentation. The Health and Life Sciences segment offers professionals and technical services in the clinical research, health-care, and scientific fields. It also provides clinical research associates for the pharmaceutical industry, and health-care information management professionals and nurses for hospitals. Further, this segment supplies laboratory, research and development, quality assurance, and quality control professionals to various industries. As of Dec. 31, 2005, the company operated 71 field offices in 43 markets. Kforce serves Fortune 1000 companies, as well as small and mid-size companies. The company was founded in 1994 and has its headquarters in Tampa. Kforce acquired PCCI Holdings in January, 2006.


Data provided by Capital IQ
 
David L. Dunkel

David L. Dunkel, 52

Chairman and Chief Executive Officer


Total Compensation*

$ 1,265,000

Total Options Value*

$ 9,542,746

* Fiscal Year 2005


Executive Bio

David Dunkel has been chairman, CEO, and a director of Kforce since 1994 and served as president from 1999 until October, 2004. Prior to August, 1994, Dunkel served as president and CEO of Romac-FMA, one of Kforce's predecessors, for 14 years. Dunkel's prior experience includes three years service as an accountant with Coopers & Lybrand in Boston.


Management Team

Key Executives

David L. Dunkel; William L. Sanders; Joseph J. Liberatore; Howard W. Sutter; Stephen J. McMahan; Mike Ettore; Anthony B. Petitt

Board Directors

Elaine D. Rosen; Mark F. Furlong; Ralph E. Struzziero; David L. Dunkel; Howard W. Sutter; John N. Allred; William R. Carey; Richard M. Cocchiaro; A. Gordon Tunstall; Moneymak


Executive Data provided by Capital IQ