KORN FERRY

Korn Ferry announced a conditional notice of redemption for its 4.625% Senior Notes due 2027. The company intends to redeem the full outstanding principal amount of $400 million on August 18, 2026, at 100% of the principal plus accrued interest. This redemption is contingent upon the completion of new debt financing transactions yielding at least $400 million, a condition which Korn Ferry may waive at its discretion.

Korn Ferry announced an amendment to its Purchase and Sale Agreement for the acquisition of Auxey Holdco Limited. The Deed of Amendment, signed on July 29, 2026, sets the new acquisition closing date for September 1, 2026. This is contingent on all closing conditions being satisfied or waived by August 27, 2026, otherwise the original terms of the Purchase Agreement will apply.

Korn Ferry announced a definitive agreement to acquire Auxey Holdco Limited (AMS) for approximately $1.1 billion (£850 million). The acquisition aims to create a global leader in talent and organizational consulting by combining Korn Ferry's expertise with AMS's strengths in Recruitment Process Outsourcing and other talent solutions. The transaction is expected to be immediately accretive to earnings per share in the first full year and is anticipated to close in Korn Ferry's fiscal second quarter of FY'27.

Korn Ferry reported its fiscal 2026 results, with the Professional Search & Interim segment generating $561.1 million in fee revenue and $121.2 million in Adjusted EBITDA. The RPO segment achieved $367.1 million in fee revenue and $57.7 million in Adjusted EBITDA, securing $543.9 million in new business. The company detailed its competitive landscape across all segments, highlighting differentiation through expertise and integrated solutions. Significant risk factors include intense competition, challenges in recruiting and retaining qualified consultants, and the impact of off-limit agreements.

Korn Ferry announced its fourth quarter and full fiscal year ended April 30, 2026 results. For Q4 FY'26, fee revenue increased 7% year-over-year to $759.8 million, with diluted earnings per share at $1.39. Full year FY'26 fee revenue reached $2.9 billion, also up 7% year-over-year, and diluted EPS was $5.22. The company reported strong growth in Professional Search & Interim and repurchased $78.8 million in stock. Korn Ferry also provided Q1 FY'27 guidance, expecting fee revenue between $725 million and $745 million and diluted EPS between $1.32 and $1.38.

Korn Ferry's Board of Directors declared a quarterly cash dividend of $0.55 per share. This dividend is payable on July 31, 2026, to shareholders of record as of July 6, 2026. The company also highlighted its commitment to capital allocation, noting the purchase of 1.2 million shares during the quarter, bringing total FY'26 buybacks to 1.8 million shares.