Investor Information

Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We work with business and technology leaders to drive customer-obsessed vision, strategy, and execution that accelerate growth. Forrester’s unique insights are grounded in annual surveys of more than 690,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients.

Through proprietary research, data and analytics, custom consulting, exclusive peer groups, certifications, and events, we are revolutionizing how businesses grow in the age of the customer.

Income Statement

Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Sales 461.70 357.58 337.67 326.10
Revenue 461.70 357.58 337.67 326.10
Total Revenue 461.70 357.58 337.67 326.10
Cost of Revenue 196.73 146.50 136.87 128.18
Cost of Revenue, Total 196.73 146.50 136.87 128.18
Gross Profit 264.97 211.07 200.80 197.92
Selling/General/Administrative Expense 219.55 171.77 161.87 153.93
Labor & Related Expense 5.06 3.97 3.95 3.55
Advertising Expense 1.30 -- -- --
Selling/General/Administrative Expenses, Total 225.91 175.74 165.82 157.48
Depreciation 8.57 7.96 6.65 7.81
Amortization of Intangibles, Operating 22.62 1.16 0.78 0.83
Depreciation/Amortization 31.19 9.12 7.43 8.64
Restructuring Charge -- 0.00 0.00 1.03
Other Unusual Expense (Income) 8.95 3.79 -- --
Unusual Expense (Income) 8.95 3.79 0.00 1.03
Total Operating Expense 462.77 335.15 310.12 295.32
Operating Income -1.08 22.43 27.55 30.77
Interest Expense - Non-Operating -8.05 -- -- --
Interest Expense, Net Non-Operating -8.05 -- -- --
Investment Income, Non-Operating 0.05 0.43 -0.48 -0.81
Interest/Investment Income, Non-Operating 0.05 0.43 -0.48 -0.81
Interest Income (Expense), Net-Non-Operating, Total -8.01 0.43 -0.48 -0.81
Other Non-Operating Income (Expense) -0.52 0.67 0.30 0.74
Other, Net -0.52 0.67 0.30 0.74
Net Income Before Taxes -9.60 23.53 27.37 30.71
Income Tax – Total -0.03 7.75 10.63 13.06
Income After Tax -9.57 15.78 16.74 17.65
Net Income Before Extraordinary Items -9.57 15.78 16.74 17.65
Extraordinary Item -- -0.40 -1.60 --
Total Extraordinary Items -- -0.40 -1.60 --
Net Income -9.57 15.38 15.14 17.65
Income Available to Common Excluding Extraordinary Items -9.57 15.78 16.74 17.65
Income Available to Common Stocks Including Extraordinary Items -9.57 15.38 15.14 17.65
Basic Weighted Average Shares 18.49 18.09 17.92 17.98
Basic EPS Excluding Extraordinary Items -0.52 0.87 0.93 0.98
Basic EPS Including Extraordinary Items -0.52 0.85 0.84 0.98
Diluted Net Income -9.57 15.38 15.14 17.65
Diluted Weighted Average Shares 18.49 18.38 18.24 18.27
Diluted EPS Excluding Extraordinary Items -0.52 0.86 0.92 0.97
Diluted EPS Including Extraordinary Items -0.52 0.84 0.83 0.97
DPS - Common Stock Primary Issue -- 0.80 0.76 0.72
Gross Dividends - Common Stock 0.00 14.50 13.63 12.99
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total -- -- -- --
Total Special Items 8.95 3.79 0.00 1.03
Normalized Income Before Taxes -0.65 27.31 27.37 31.74
Effect of Special Items on Income Taxes 3.13 1.25 0.00 0.44
Income Taxes Excluding Impact of Special Items 3.10 8.99 10.63 13.49
Normalized Income After Taxes -3.75 18.32 16.74 18.24
Normalized Income Available to Common -3.75 18.32 16.74 18.24
Basic Normalized EPS -0.20 1.01 0.93 1.01
Diluted Normalized EPS -0.20 1.00 0.92 1.00
Amortization of Intangibles, Supplemental 22.62 1.16 0.78 0.83
Depreciation, Supplemental 8.57 7.96 6.65 7.81
Interest Expense, Supplemental 8.05 -- -- --
Rental Expense, Supplemental 20.82 17.50 17.40 16.10
Stock-Based Compensation, Supplemental 11.68 8.30 8.49 7.98
Advertising Expense, Supplemental 1.30 -- -- --
Audit-Related Fees, Supplemental -- 1.32 1.11 1.09
Audit-Related Fees -- 0.27 0.05 0.05
Tax Fees, Supplemental -- 0.17 0.09 0.16
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00
Gross Margin 57.39 59.03 59.47 60.69
Operating Margin -0.23 6.27 8.16 9.44
Pretax Margin -2.08 6.58 8.11 9.42
Effective Tax Rate -- 32.92 38.84 42.52
Net Profit Margin -2.07 4.41 4.96 5.41
Normalized EBIT 7.87 26.21 27.55 31.80
Normalized EBITDA 39.06 35.33 34.98 40.44
Current Tax - Domestic 0.62 2.28 2.59 6.09
Current Tax - Foreign 2.40 1.76 2.16 2.03
Current Tax - Local 0.91 1.17 1.06 2.33
Current Tax - Total 3.93 5.21 5.81 10.46
Deferred Tax - Domestic -1.45 1.71 3.95 2.72
Deferred Tax - Foreign -0.50 0.15 0.18 -0.18
Deferred Tax - Local -2.01 0.67 0.70 0.06
Deferred Tax - Total -3.96 2.53 4.83 2.60
Income Tax - Total -0.03 7.75 10.63 13.06
Defined Contribution Expense - Domestic 7.30 5.00 5.20 4.30
Total Pension Expense 7.30 5.00 5.20 4.30

In millions of USD (except for per share items)

Copyright Thomson Reuters Corporation