Financial Performance - For Q1 2025, Robert Half reported net income of $17 million, or $0.17 per share, on revenues of $1.352 billion, a decrease of 8% from $1.476 billion in Q1 2024[2][3]. - Global enterprise revenues decreased by 8% on a reported basis and 6% on an adjusted basis compared to the previous year, attributed to moderated business confidence amid economic uncertainty[3]. - Service revenues for contract talent solutions totaled $763.2 million, down from $887.1 million in Q1 2024, with finance and accounting services declining from $641.9 million to $562.9 million[17]. - Gross margin for Q1 2025 was $499.0 million, compared to $562.8 million in Q1 2024, reflecting a decrease in profitability[15]. - Total stockholders' equity decreased to $1.313 billion from $1.519 billion year-over-year, indicating a decline in the company's net worth[18]. - Cash and cash equivalents fell to $342.5 million from $540.9 million in the previous year, highlighting liquidity challenges[18]. - For the three months ended March 31, 2025, total revenue reported was $499,045,000, a decrease of 11.3% from $562,797,000 in the same period of 2024[25]. - The gross margin for total talent solutions was 46.7% in 2025, down from 47.0% in 2024, while Protiviti's gross margin decreased from 20.7% to 18.1%[25]. - Selling, General and Administrative Expenses (SG&A) totaled $460,163,000 in 2025, a decrease of 11.8% from $521,899,000 in 2024[28]. - Adjusted operating income for total talent solutions was $10,315,000 in 2025, significantly lower than $61,973,000 in 2024, reflecting a decrease of 83.4%[30]. - The company reported an adjusted gross margin of 36.6% for total revenue in 2025, compared to 38.7% in 2024[25]. - Contract talent solutions generated $20,721,000 in operating income for 2025, an increase from $18,982,000 in 2024, indicating a growth of 9.2%[30]. - The adjusted SG&A expenses for total talent solutions were $398,479,000 in 2025, down from $413,145,000 in 2024, reflecting a decrease of 3.5%[28]. - Protiviti's operating income decreased to $12,435,000 in 2025 from $13,944,000 in 2024, a decline of 10.8%[30]. - The company’s total talent solutions revenue was $408,794,000 in 2025, down from $475,118,000 in 2024, representing a decrease of 14.0%[25]. - The adjusted operating income margin for total revenue was 1.4% in 2025, compared to 5.7% in 2024, indicating a significant decline in profitability[30]. Market Trends and Challenges - Forward-looking statements indicate potential risks including economic conditions, competition, and regulatory changes that may impact future performance[9][10]. - Total revenue growth for Q4 2023 reported at -14.7%, with an adjusted growth rate of -15.2%[39]. - Finance and accounting segment reported a year-over-year decline of -17.2% in Q4 2023, adjusted to -17.8%[39]. - Technology segment experienced a significant decline of -21.7% in Q4 2023, adjusted to -21.8%[39]. - Permanent placement talent solutions saw a decline of -22.0% in Q4 2023, adjusted to -22.6%[39]. - Protiviti segment reported a year-over-year decline of -7.1% in Q4 2023, adjusted to -7.5%[39]. - Total contract talent solutions reported a decline of -17.2% in Q4 2023, adjusted to -17.7%[39]. - Administrative and customer support segment reported a decline of -18.7% in Q4 2023, adjusted to -19.4%[39]. - The billing days impact on revenue growth rates was minimal, with adjustments ranging from 0.1% to 1.4% across segments[39]. - Currency impact on revenue growth rates varied, with adjustments from -0.9% to 1.0% across segments[39]. - Future outlook indicates continued challenges, with expected declines in various segments for Q1 2024[39]. - In Q4 2023, the year-over-year revenue growth for total talent solutions in the United States was reported at -16.8% as reported and -16.7% as adjusted[41]. - The company anticipates continued challenges in revenue growth, with projections indicating a decline of -10.3% for total talent solutions in the United States by Q1 2025[41]. Company Strategy and Recognition - The company emphasized its strong positioning to capitalize on emerging opportunities despite the uncertain outlook, leveraging its brand, technology, and business model[3]. - Robert Half was recognized as one of America's Most Innovative Companies by Fortune and one of America's Best Large Employers by Forbes in 2025[4]. - The company plans to continue focusing on its dual model of professional staffing and business consulting services to meet client needs[3]. - The overall trend indicates a gradual improvement in the Protiviti segment, contrasting with the declining performance in other talent solutions[41]. - The Protiviti segment in the United States showed a significant recovery with a reported growth of 9.3% in Q3 2024 and 6.6% in Q4 2024[41]. - For international contract talent solutions, the year-over-year revenue growth was -4.4% in Q4 2023, worsening to -20.7% by Q1 2025 as reported[43]. - The permanent placement talent solutions in the international segment reported a decline of -20.6% in Q4 2023, with an adjusted figure of -22.8% in Q1 2024[43]. - The total talent solutions in the international market reported a year-over-year decline of -6.9% in Q4 2023, adjusting to -9.8% in Q1 2025[43]. - The billing days impact on total talent solutions in the United States was minimal, with a maximum positive impact of 1.1 days in Q1 2025[41]. - Currency impacts were noted in the international segment, with a negative impact of -3.2% in Q4 2023 for contract talent solutions[43]. - The adjusted revenue growth for Protiviti in the international segment showed a recovery with a growth of 4.4% in Q1 2025[43].

Core Viewpoint - Analysts project that Robert Half (RHI) will report quarterly earnings of $0.36 per share, reflecting a 41% decline year over year, with revenues expected to reach $1.4 billion, down 5.2% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 3.7% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Service Revenues- Contract talent solutions- Administrative and customer support' to be $179.17 million, a decrease of 10.4% year over year [5]. - 'Service Revenues- Total contract talent solutions' is expected to be $802.83 million, indicating a decline of 9.5% from the prior-year quarter [5]. - 'Service Revenues- Contract talent solutions- Technology' is projected at $157.85 million, showing a slight decrease of 0.1% year over year [6]. - 'Service Revenues- Protiviti' is estimated to reach $494.69 million, reflecting a growth of 6.6% year over year [6]. - 'Service Revenues- Contract talent solutions- Finance & Accounting' is expected to be $575.43 million, down 10.4% from the prior-year quarter [7]. - 'Service Revenues- Permanent placement talent solutions' is projected at $115.47 million, indicating a decline of 7.5% year over year [7]. Gross Margin Estimates - 'Gross Margin- Contract talent solutions' is forecasted to be $316.09 million, compared to $350.57 million reported in the same quarter last year [8]. - The consensus for 'Gross Margin- Protiviti' stands at $105.29 million, up from $87.68 million year over year [8]. - 'Gross Margin- Permanent placement talent solutions' is expected to reach $117.42 million, down from $124.55 million reported in the same quarter last year [9]. Stock Performance - Robert Half shares have decreased by 17.8% in the past month, contrasting with an 8.9% decline in the Zacks S&P 500 composite [9]. - With a Zacks Rank 5 (Strong Sell), RHI is anticipated to underperform the overall market in the near future [9].

Core Insights - The class of 2025 is entering a job market characterized by rapid change and uncertainty, presenting unique challenges for early-career professionals [2] Group 1: Challenges Faced by Early-Career Professionals - 45% of respondents reported a lack of mentorship opportunities [6] - 39% struggled with prioritizing tasks and managing workloads [6] - 36% felt unprepared due to inadequate onboarding and training [6] - 35% entered the workforce without internship or relevant work experience [6] - 34% believed they could not make an immediate impact with their existing skills [6] Group 2: Recommendations for Career Success - Pursuing internships, apprenticeship programs, or contract work can provide valuable hands-on experience and enhance skill sets [7] - Building relationships with experienced professionals through networking can offer guidance and boost confidence [7] - Engaging in continuous learning and seeking professional development opportunities can increase marketability [7] - Effective communication and understanding workplace expectations can improve productivity and foster strong working relationships [7]

Group 1 - Robert Half has been recognized as one of Fortune's 100 Best Companies to Work For, highlighting its commitment to a positive workplace experience [1][2] - The ranking is based on an analysis of over 1.3 million anonymous survey responses from employees at Great Place To Work Certified companies, focusing on supportive work experiences [2] - Key indicators measured in the survey include trust in management, connection with colleagues, and loyalty to the company [2] Group 2 - The company emphasizes a people-first approach, with core values of integrity, inclusion, innovation, and commitment to success embedded in its culture [2][3] - Robert Half's Employee Commitment Proposition supports employees in four key areas: career development, connections, community impact, and well-being [4] - The company invests in comprehensive well-being programs, including mental health counseling, financial planning, and resources for new parents [4]

Core Insights - Protiviti has been recognized on the Fortune 100 Best Companies to Work For® list for the 11th consecutive year, reflecting its strong performance in the Great Place To Work® survey [1][8] - The company's culture emphasizes talent, dedication, and a nurturing environment, which contributes to its overall success and client satisfaction [2][3] - Protiviti offers a range of employee benefits, including gender-neutral paid parental leave, backup childcare, and a robust mentoring program, enhancing workplace experience [3][6] Company Performance - Companies on the Fortune list typically outperform the market and excel in key business metrics such as retention and innovation [2] - Protiviti serves over 80% of Fortune 100 and nearly 80% of Fortune 500 companies, indicating its significant market presence [8] Employee Engagement - The Great Place To Work analysis involved over 1.3 million U.S.-based employees, focusing on corporate culture aspects like trust, respect, and camaraderie [4][5] - Protiviti has implemented global recognition tools and an employee experience app to facilitate real-time feedback and support employee well-being [3] Recognition and Awards - In addition to the Fortune recognition, Protiviti has been named a Glassdoor Best Place to Work and featured in Forbes America's Best Management Consulting Firms list [6]

Core Insights - Protiviti has acquired Adamantia to enhance its capabilities in serving clients in France and globally, leveraging Adamantia's expertise in financial services and Protiviti's extensive global network [1][3][4] Group 1: Acquisition Details - The acquisition follows two years of collaboration between Protiviti and Adamantia, focusing on financial services, risk, compliance, and internal audit [2] - Adamantia's deep client connections and experience in the financial services sector position Protiviti for further expansion in the French market [3][4] Group 2: Strategic Importance - The integration of Adamantia into Protiviti is seen as a significant milestone that will accelerate the expansion of expertise and enhance service delivery to clients [3][5] - Protiviti's model, which utilizes Robert Half's capabilities, will allow for rapid scaling of teams to meet client demands, enhancing adaptability and value [5] Group 3: Company Profiles - Adamantia is a consulting boutique specializing in high value-added advisory services for financial institutions and corporations, focusing on sustainable growth and long-term success [6] - Protiviti is a global consulting firm with over 90 offices in more than 25 countries, serving a wide range of clients including over 80% of Fortune 100 and nearly 80% of Fortune 500 companies [7][8]

Group 1: Core Insights - A survey by Robert Half indicates that 36% of U.S. professionals feel burned out at work, with 33% reporting increased burnout compared to the previous year [1][3] - The primary factors contributing to burnout include heavy workloads and long hours (40%), lack of support or recognition from managers (30%), and few professional growth opportunities (27%) [5] - Burnout is not only an employee issue but also a significant business challenge, affecting hiring and project timelines [2][6] Group 2: Impact on Organizations - Organizations face challenges such as employee burnout (42%), delayed project timelines (39%), decreased productivity (37%), and higher employee turnover (36%) due to burnout [6] - The inability to staff open roles in a timely manner can lead to critical project delays and loss of staff [2] Group 3: Recommendations for Managers - To counter burnout, managers are advised to encourage taking time off, help prioritize projects, hire additional support, recognize team efforts, and foster open communication [6]

Core Insights - Protiviti has launched the inaugural Audit Innovator Award to recognize innovative approaches in internal auditing that enhance processes and drive meaningful change [1][2] - The award program is supported by The Institute of Internal Auditors (IIA) and AuditBoard, aiming to inspire forward-thinking strategies in the audit profession [2][5] Award Details - The winners were announced at the IIA's Great Audit Minds 2025 conference held from March 10-12, 2025, in Kissimmee, FL [2] - The awards are divided into two categories: Audit Strategy and Transformation, and Enabling Technology [4][6] Winners and Innovations - The winner of the Audit Strategy and Transformation category is DTCC's Internal Audit Department, recognized for their Digital Champion Leaderboard, which promotes digital-forward behaviors through gamification [6] - The Enabling Technology category winner is a major pet supplies e-commerce platform, acknowledged for their innovative use of internal data and specialized tools to enhance audit planning and testing [6] Industry Impact - The award program emphasizes the importance of creative problem-solving in internal audit, encouraging professionals to adopt innovative practices to navigate emerging risks [5][4] - Protiviti aims to foster a collaborative community among internal audit professionals to enhance their strategic advisory roles amid technological advancements [4][5]

It has been about a month since the last earnings report for Robert Half (RHI) . Shares have lost about 9.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Robert Half due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Robert Half Q4 Earnings Missed EstimatesRobert ...

MENLO PARK, Calif., Feb. 20, 2025 /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half has named Nick Cerise its new chief marketing officer. In this role, Cerise will drive global marketing for the company, overseeing digital and web marketing, data analytics, customer insights, and brand strategy. Nick Cerise Cerise is a seasoned marketing executive with more than 20 years of global experience and a proven history of driving business growth through cutting-edge, digital-fi ...