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Mar 31, 2022

Robert Half Q1 2022 Earnings Report

Robert Half reported a strong first quarter driven by robust demand, with significant revenue and net income growth.

Key Takeaways

Robert Half International Inc. reported strong first-quarter results with revenues of $1.815 billion and net income of $168 million, or $1.52 per share. This represents a 30% increase in revenue and a 52% increase in net income compared to the prior year's first quarter.

First quarter revenues grew 30 percent year-over-year.

Net income increased by 52 percent compared to the same quarter last year.

Permanent placement talent solutions led the way with 67 percent year-over-year revenue growth.

Contract talent solutions and Protiviti also posted strong results, growing year-over-year revenues by 30 percent and 19 percent, respectively.

Total Revenue
$1.82B
Previous year: $1.4B
+29.8%
EPS
$1.52
Previous year: $0.98
+55.1%
Gross Profit
$772M
Previous year: $562M
+37.4%
Cash and Equivalents
$550M
Previous year: $498M
+10.5%
Free Cash Flow
$54.2M
Previous year: $58.3M
-7.1%
Total Assets
$2.95B
Previous year: $2.57B
+15.0%

Robert Half

Robert Half

Robert Half Revenue by Segment

Forward Guidance

Robert Half did not provide specific forward guidance in this press release.