Robert Half Q1 2024 Earnings Report

Robert Half's financial performance was impacted by client and candidate caution, with revenues of $1.476 billion and net income of $64 million, or $0.61 per share.

Key Takeaways

Robert Half reported first-quarter revenues of $1.476 billion and net income of $64 million, or $0.61 per share. The company noted that client and candidate caution continued to impact hiring activity and new project starts globally, but the trend toward stabilization that began in the second half of last year continued into the first quarter of this year. The company anticipates higher sequential earnings for the second quarter, led by Protiviti.

Revenues for the quarter were $1.476 billion, compared to $1.716 billion for the same period last year.

Net income was $64 million, or $0.61 per share, compared to $122 million, or $1.14 per share, for the first quarter of 2023.

The trend toward stabilization that began in the second half of last year continued into the first quarter of this year.

Second-quarter earnings guidance anticipates higher sequential earnings for the first time in seven quarters, led by Protiviti.

Total Revenue

$1.48B

Previous year: $1.72B