Robert Half Inc.'s Fourth Quarter Financial Performance and Company Highlights

Robert Half Inc. Reports Fourth Quarter Financial Results

Robert Half Inc. (NYSE: RHI) announced its financial performance for the fourth quarter ending December 31, 2024. The company reported net income of $54 million, translating to $0.53 per share, on revenues amounting to $1.382 billion. In comparison, the same period in 2023 saw net earnings of $87 million, or $0.83 per share, with revenues reaching $1.473 billion.

For the entire fiscal year ending December 31, 2024, Robert Half recorded a net income of $252 million, or $2.44 per share, against total revenues of $5.796 billion. This indicates a decline from 2023, where the net income was $411 million, or $3.88 per share, based on revenues of $6.393 billion.

M. Keith Waddell, President and CEO, expressed that the results were primarily in line with expectations, attributing much of the performance to Protiviti, which achieved year-over-year revenue growth for two consecutive quarters. He noted that contract revenues remained stable throughout the quarter, sustaining the levels seen in early third quarter for 23 weeks just ahead of the holiday season.

Looking forward, Waddell remains optimistic, pointing to significant improvements in U.S. business confidence following recent elections as a potential catalyst for growth. He emphasized that the company is well-positioned to leverage opportunities and meet clients’ talent and consulting needs thanks to its strong brand presence, workforce, technology, and unique business model that encompasses both professional staffing and consulting services.

Waddell also acknowledged the contributions of Robert Half's global workforce, which has helped the company earn numerous accolades. For the 28th year in a row, Robert Half was recognized by Fortune® as one of the World’s Most Admired Companies, a distinction unique in their industry. Additionally, they were named one of Fortune's Best Workplaces for Parents and recognized by Newsweek as one of America’s Most Responsible Companies.

The company will conduct a conference call on January 29, 2025, at 5 p.m. EST, where the prepared remarks will be available in the Investor Center on the Robert Half website. This call will also be archived in audio format for future access.

As the leading specialized talent solutions and consulting firm, Robert Half connects skilled job seekers with prominent organizations. Their services span various domains including finance, accounting, technology, marketing, legal, and customer support. They also offer executive search services and operate Protiviti®, which provides internal audit, risk, and consulting expertise.

Despite the challenging economic circumstances faced throughout 2024, including fluctuating job markets and inflationary pressures, Robert Half remains committed to innovation and excellence in talent acquisition. The company aims to adapt by building on its existing strengths and focusing on client satisfaction, ensuring they continue to attract top talent in an evolving landscape.

In conclusion, although Robert Half's recent quarterly performance reflects challenges, the company is focused on strategic growth initiatives. With a solid foundation, a resilient workforce, and industry-leading service offerings, Robert Half is poised to navigate through uncertainties and adapt to changing market conditions effectively.

Continued Recognition

As the business landscape rapidly evolves, Robert Half’s commitment to excellence and responsible corporate practices will be essential in maintaining their reputation and fostering growth. Recognition such as the ‘Most Admired Companies’ and ‘Best Workplaces for Parents’ serve to bolster their brand, presenting Robert Half as a desirable partner in both staffing and business consulting.

Fortune's consistent acknowledgment of Robert Half as a leader in their sector underlines the importance of their strategic decisions and operational methodologies. As competition within the talent consulting industry heats up, being seen as a responsible and innovative entity will distinguish Robert Half from its competitors.

Moving ahead, all eyes will be on Robert Half as they navigate through the trials and opportunities brought forth by a new year, reinforcing their status as a pivotal player in the human resources sector.