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Robert Half(RHI) - 2024 Q4 - Annual Results
2025-01-29 21:04
FOR IMMEDIATE RELEASE Exhibit 99.1 Contact: M. Keith Waddell President and Chief Executive Officer (650) 234-6000 ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTS MENLO PARK, Calif., January 29, 2025 — Robert Half Inc. (NYSE symbol: RHI) today reported revenues and earnings for the fourth quarter ended December 31, 2024. For the three months ended December 31, 2024, net income was $54 million, or $0.53 per share, on revenues of $1.382 billion. For the three months ended December 31, 2023, net income was ...
Protiviti Promotes 22 Leaders to Senior Positions
Prnewswire· 2025-01-23 19:43
More than 1,000 employees also promoted throughout global consulting firm MENLO PARK, Calif., Jan. 23, 2025 /PRNewswire/ -- Protiviti has promoted 22 people to the positions of managing director and senior director as of January 2025 to help its clients face ever increasing challenges related to AI, technology modernization, compliance with regulations, data and security, among other areas. These newly promoted leaders possess the experience and knowledge to support its clients' opportunities for growth whi ...
Robert Half Executives Named to Staffing Industry Analysts' 2025 North America Staffing 100
Prnewswire· 2025-01-21 20:35
MENLO PARK, Calif., Jan. 21, 2025 /PRNewswire/ -- Two executives from global talent solutions and business consulting firm Robert Half (NYSE: RHI) have been named to the Staffing Industry Analysts' 2025 North America Staffing 100 list: president and CEO of Talent Solutions Paul F. Gentzkow and operational president Dawn Fay. Each was selected for their outstanding leadership and contributions to the staffing industry. Gentzkow has spearheaded talent solutions at Robert Half for nearly four decades. Under hi ...
Here's Why You Should Retain Robert Half Stock in Your Portfolio Now
ZACKS· 2025-01-15 17:01
Robert Half Inc.’s (RHI) wholly-owned subsidiary, Protiviti, has witnessed a consistent rise in revenues in the past quarters, boosting the company’s top line. RHI is popular among dividend-seeking investors. A strong liquidity position makes it appealing. Meanwhile, the company operates in a highly competitive environment, and declining EBITDA suggests weak operational performance.The stock has gained 5.6% in the past six months against the 8.2% decline of the industry it belongs to. It has also outperform ...
Protiviti Adopts Ardoq for Internal Use, Fostering Increased Efficiency, Transparency, and Agility
Prnewswire· 2025-01-14 12:58
MENLO PARK, Calif., Jan. 14, 2025 /PRNewswire/ -- Protiviti, a global consulting firm, announces its adoption of Ardoq's cloud-native Enterprise Architecture platform for internal use. This relationship will enhance the firm's operations by increasing efficiency, transparency, and agility. The move builds upon Protiviti's proven expertise as a provider of Enterprise Architecture services that leverages Ardoq's technology to drive successful business and digital transformations worldwide.Kim Bozzella, global ...
Robert Half: Challenging Times Caused By Market Uncertainty
Seeking Alpha· 2025-01-12 13:46
Labor Market and Talent Demand - The labor market is facing significant skills shortages, leading to intense competition for top talent [1] - Robert Half (NYSE: RHI), as a specialized talent solutions provider, is experiencing high demand for its talent base [1] - Companies are increasingly selective in their hiring processes, focusing on acquiring the best talent [1] Investment Focus and Strategy - The investment strategy emphasizes undercovered European and US companies, with a focus on value and income [1] - A diversified portfolio approach is favored, with a particular interest in European companies that are often overlooked [1] - The investment thesis prioritizes shareholder-friendly management teams and often takes a contrarian stance against prevailing market opinions [1] Analyst Background and Expertise - The analyst has over 20 years of consulting experience across various sectors including Hi-Tech, Biotech, Healthcare, Mission Critical, Retail, Residential, and Commercial Sectors [1] - With more than 15 years of investing experience, the analyst is associated with BioCGT Investor and contributes as an author on Seeking Alpha [1] Disclosure and Compensation - The analyst has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article reflects the analyst's own opinions and is not compensated by any company mentioned, except for Seeking Alpha [2] - There is no business relationship with any company whose stock is mentioned in the article [2]
Hiring Plans on the Rise: More than 6 in 10 U.S. Companies Plan to Add New Positions in the First Half of 2025
Prnewswire· 2024-12-12 13:05
Hiring Trends - 63% of companies plan to expand permanent roles in the first half of 2025, up from 52% six months ago [1] - 63% of companies will increase the number of contract professionals [1] - 34% of companies plan to fill vacated positions [1] - 57% of companies added new positions in the first half of 2024, compared to 63% planning to do so in the first half of 2025 [3] - 39% of companies filled vacated positions in the first half of 2024, compared to 34% planning to do so in the first half of 2025 [3] - Only 3% of companies plan to implement a hiring freeze in the first half of 2025, down from 4% in the second half of 2024 [3] Factors Driving Hiring - 56% of managers cite company growth as the primary factor influencing hiring decisions for the first half of 2025 [4] - 48% of managers cite the emergence of new projects as a key factor driving hiring [4] - 47% of managers identify employee turnover rates as a significant factor impacting hiring plans [4] Impact of Delayed Hiring - 42% of hiring managers report stretched bandwidth and employee burnout as the greatest impact of not filling roles in a timely manner [5] - 39% of hiring managers cite delayed project timelines as a consequence of delayed hiring [5] - 37% of hiring managers note decreased employee productivity due to unfilled roles [5] Strategies for Attracting and Retaining Talent - 35% of managers plan to develop or enhance mentorship programs to secure top talent [6] - 33% of managers intend to hire contract professionals for potential full-time roles [6] - 32% of managers plan to offer paid internships [6] - 22% of managers consider rehiring retired employees as consultants [6] Research Methodology - The survey was conducted in November 2024 and includes responses from over 1,680 managers with hiring responsibilities across various industries [7] - Respondents represent companies with 10 or more employees in the US [7]
Robert Half Named One of Newsweek's Most Responsible Companies 2025
Prnewswire· 2024-12-11 16:00
Company Recognition - Robert Half, including its subsidiary Protiviti®, has been named one of America's Most Responsible Companies 2025 by Newsweek [1] - The recognition is based on a holistic view of corporate social responsibility, considering all three pillars of ESG: environment, social, and governance [2] - The evaluation included reporting transparency and an independent survey of 26,000 individuals rating corporate social responsibility efforts [2] Corporate Values and Initiatives - Robert Half's commitment to being a good corporate citizen is rooted in integrity, one of its four enterprise values [3] - The company is dedicated to being a socially responsible, people-first organization, focusing on employees, customers, and communities [3] - Robert Half is advancing an inclusive and socially responsible future through initiatives in workplace culture, sustainability, community support, inclusion, and technology and innovation [3] - The company has also been recognized by Forbes as one of the World's Best Employers, by Fortune as one of the Best Workplaces for Women, and by PEOPLE as one of the Companies That Care [3] Company Overview - Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting skilled job seekers with opportunities in finance, accounting, technology, marketing, creative, legal, and administrative fields [4] - The company offers contract talent, permanent placement solutions, and executive search services [4] - Protiviti®, a subsidiary of Robert Half, provides internal audit, risk, business, and technology consulting solutions [4] - In the past 12 months, Robert Half and Protiviti have been named one of Fortune's Most Admired Companies and 100 Best Companies to Work For [4]
Technology Investments Aid RHI's Services Amid High Competition
ZACKS· 2024-12-02 17:16
Price Performance - Robert Half Inc (RHI) shares gained 22.4% in the past three months, outperforming the industry growth of 2.2% and the Zacks S&P 500 composite growth of 9.5% [1] - RHI reported Q3 2024 earnings of 64 cents per share, beating the consensus mark by 1.6% but declining 28.9% year over year [3] - Q3 2024 revenues of $1.47 billion surpassed the consensus mark by 1.7% but decreased 6.3% year over year [3] Technology Investments - The company has been investing more capital in software initiatives and technology infrastructure, including upgrades to enterprise resource planning applications and implementing a global, cloud-based customer relationship management application [4] - RHI's long-term growth is anticipated to be driven by investments in technology to enhance network scope and scale at a global level [5] Subsidiary Performance - RHI's wholly owned subsidiary, Protiviti, has attained Microsoft Azure's Artificial Intelligence (AI) and Machine Learning (ML) specialization, showing expertise in AI and ML within the Azure domain [6] - Protiviti enables AI adoption and the implementation of Azure-based solutions, positioning itself strongly in the market with a focus on technology consulting, cloud computing, and digital transformation [7] Shareholder Value - The company returned dividends of $205.91 million, $189.29 million, and $170.61 million in 2023, 2022, and 2021, respectively [8] - RHI repurchased shares worth $254.63 million, $319.9 million, and $287.74 million in 2023, 2022, and 2021, respectively [8] Competitive Landscape - The company operates in a highly competitive market, facing fierce competition in terms of price and reliability of service on a national, regional, and local basis [9] - Local companies are its strongest competitors in several areas [9]
Robert Half Research Reveals Key Hiring Challenges for Small and Midsize Businesses Heading Into 2025
Prnewswire· 2024-11-13 13:05
Hiring Challenges for SMBs - Meeting candidates' salary expectations is the top hiring challenge for nearly half of SMB hiring managers [2] - Over 40% of managers struggle to find candidates with the required skills [2] - Nearly 40% of SMB hiring managers are concerned about losing top candidates to competitors due to slow hiring processes [2] - Over 40% of managers anticipate difficulty finding candidates who align with their company culture [2] Strategies for SMBs to Navigate Hiring Market - Promote company strengths beyond salary, such as corporate culture, flexible work options, and career advancement opportunities [3] - Hire quickly by leveraging fewer stakeholders and less red tape compared to larger companies [3] - Be flexible with requirements and consider training or upskilling high-potential candidates [3] - Partner with specialized recruiters to market the company and identify the right candidates [3] Survey Details - The survey was conducted in June 2024 and included responses from over 1,700 hiring managers in various industries [5] - Respondents were from companies with 20 or more employees in the United States [5] About Robert Half - Robert Half is the world's first and largest specialized talent solutions and business consulting firm [6] - The company offers contract talent and permanent placement solutions across multiple fields, including finance, technology, and legal [6] - Robert Half is the parent company of Protiviti, a global consulting firm [6] - In the past 12 months, Robert Half has been recognized as one of Fortune's Most Admired Companies and Forbes' Best Employer for Diversity [6]