Robert Half Q3 2023 Earnings Report

Robert Half's financial performance in Q3 2023, with above-consensus top and bottom-line results, was influenced by macroeconomic uncertainty.

Key Takeaways

Robert Half reported net income of $96 million, or $0.90 per share, on revenues of $1.564 billion for the third quarter ended September 30, 2023. This compares to net income of $166 million, or $1.53 per share, on revenues of $1.833 billion for the same period in 2022. The company exceeded consensus expectations despite macroeconomic uncertainty.

Robert Half delivered above-consensus top and bottom-line results for Q3.

Talent solutions and Protiviti exceeded expectations.

Gross margins remained strong due to pricing discipline and a higher mix of revenues from higher-skilled services.

Operating cost base benefited from targeted actions to align costs with revenues.

Total Revenue

$1.56B

Previous year: $1.83B