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Jun 30, 2020

Robert Half Q2 2020 Earnings Report

Robert Half's second-quarter results were affected by the economic crisis resulting from the COVID-19 pandemic, with Protiviti having an outstanding quarter and staffing operations showing signs of sequential growth.

Key Takeaways

Robert Half International Inc. reported a decrease in revenues and earnings for the second quarter ended June 30, 2020, with net income at $46 million, or $.41 per share, on revenues of $1.108 billion.

Net income for the quarter ended June 30, 2020, was $46 million, or $.41 per share.

Revenues for the quarter ended June 30, 2020, were $1.108 billion.

Protiviti had an outstanding quarter, benefiting from strong solutions offerings and pipeline.

Recent signs of week-on-week sequential growth in staffing operations were encouraging.

Total Revenue
$1.11B
Previous year: $1.52B
-26.9%
EPS
$0.41
Previous year: $0.98
-58.2%
Gross Profit
$423M
Previous year: $638M
-33.6%
Cash and Equivalents
$501M
Previous year: $269M
+86.1%
Free Cash Flow
$293M
Previous year: $105M
+179.6%
Total Assets
$2.4B
Previous year: $2.24B
+7.3%

Robert Half

Robert Half

Robert Half Revenue by Segment

Forward Guidance

Although significant uncertainty continues, we approach the third quarter with optimism.

Revenue & Expenses

Visualization of income flow from segment revenue to net income