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Mar 31, 2020
Robert Half Q1 2020 Earnings Report
Robert Half's financial performance reflected a strong start but was impacted by the COVID-19 pandemic in the second half of March.
Key Takeaways
Robert Half International Inc. reported a decrease in net income to $90 million, or $0.79 per share, on revenues of $1.507 billion for the quarter ended March 31, 2020. The company's results were negatively impacted by the COVID-19 pandemic, particularly affecting its staffing operations, although Robert Half Technology and Robert Half Management Resources divisions showed solid results, and Protiviti experienced double-digit revenue growth.
Net income decreased to $90 million, or $0.79 per share, compared to $110 million, or $0.93 per share, in the prior year's first quarter.
Revenues increased to $1.507 billion from $1.469 billion in the same quarter last year.
The COVID-19 pandemic began to impact the business in the second half of March, particularly affecting staffing operations.
Protiviti demonstrated strong performance with double-digit, year-on-year revenue gains for the eighth consecutive quarter.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the release.
Revenue & Expenses
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Avg. Return Before/After Earnings
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