Segments (Tables)

6 Months Ended

Oct. 31, 2024

Financial highlights are as follows:


	Three Months Ended October 31,				Six Months Ended October 31,
	2024		2023		2024		2023

	Consolidated
	(in thousands)
Fee revenue	$	674,365	$	704,003	$	1,349,311	$	1,403,192
Total revenue	$	681,960	$	712,447	$	1,364,721	$	1,418,709

Net income (loss) attributable to Korn Ferry	$	60,800	$	(1,711)	$	123,404	$	44,894
Net income attributable to noncontrolling interest	1,543		1,755		3,195		2,335
Other (income) loss, net	(5,391)		13,835		(19,896)		258
Interest expense, net	5,626		6,596		9,571		11,336
Income tax provision	24,898		2,341		47,252		20,761
Operating income	87,476		22,816		163,526		79,584
Depreciation and amortization	19,688		19,554		39,266		38,566
Other income (loss), net	5,391		(13,835)		19,896		(258)
Integration/acquisition costs	3,896		5,030		4,972		9,158
Impairment of fixed assets	—		1,452		—		1,575
Impairment of right-of-use assets	—		—		—		1,629
Restructuring charges, net	576		63,525		576		63,946
Adjusted EBITDA (1)	$	117,027	$	98,542	$	228,236	$	194,200

___________________


(1)			Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net when applicable.

Financial highlights by reportable segments are as follows:


	Three Months Ended October 31,
	2024						2023
	Fee revenue		Total revenue		Adjusted EBITDA		Fee revenue		Total revenue		Adjusted EBITDA

	(in thousands)
Consulting	$	166,771	$	169,384	$	29,106	$	177,795	$	180,953	$	28,928
Digital	92,893		93,038		29,188		97,092		97,157		28,983
Executive Search:
North America	129,891		131,419		36,907		132,512		133,933		29,436
EMEA	46,788		47,132		7,487		43,098		43,315		5,619
Asia Pacific	21,464		21,540		4,432		19,304		19,460		3,875
Latin America	7,856		7,859		2,552		8,079		8,085		805
Professional Search & Interim	121,107		121,988		27,203		138,384		139,455		25,622
RPO	87,595		89,600		12,899		87,739		90,089		8,855
Corporate	—		—		(32,747)		—		—		(33,581)
Consolidated	$	674,365	$	681,960	$	117,027	$	704,003	$	712,447	$	98,542


	Six Months Ended October 31,
	2024						2023
	Fee revenue		Total revenue		Adjusted EBITDA		Fee revenue		Total revenue		Adjusted EBITDA

	(in thousands)
Consulting	$	334,641	$	340,151	$	58,400	$	345,883	$	351,746	$	54,108
Digital	181,073		181,249		55,811		185,078		185,169		53,308
Executive Search:
North America	264,643		267,506		72,005		260,010		263,346		58,192
EMEA	92,769		93,408		14,752		89,874		90,450		11,257
Asia Pacific	42,043		42,244		8,650		43,843		44,070		10,190
Latin America	15,179		15,185		5,350		14,500		14,507		2,546
Professional Search & Interim	242,848		244,718		52,909		280,563		282,524		49,951
RPO	176,115		180,260		25,393		183,441		186,897		19,326
Corporate	—		—		(65,034)		—		—		(64,678)
Consolidated	$	1,349,311	$	1,364,721	$	228,236	$	1,403,192	$	1,418,709	$	194,200