Robert Half International ( (RHI) ) has released its Q4 earnings. Here is a breakdown of the information Robert Half International presented to its investors.
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Robert Half International, a leader in specialized talent solutions and business consulting, connects skilled professionals with opportunities in sectors such as finance, technology, and marketing. In its latest earnings report, the company detailed its financial performance for the fourth quarter of 2024, highlighting Protiviti’s significant contribution to revenue growth and acknowledging the challenges faced in contract and permanent placement talent solutions.
The earnings report indicated a decline in revenue and net income compared to the previous year, with fourth-quarter revenues at $1.382 billion and net income at $54 million. This marks a decrease from the same period in 2023, where revenues were $1.473 billion and net income was $87 million. For the full year 2024, Robert Half reported revenues of $5.796 billion and net income of $252 million, down from $6.393 billion and $411 million, respectively, in 2023. Protiviti showed resilience with year-on-year growth, while contract revenue remained stable prior to the holiday season.
Key performance metrics showed Protiviti’s contribution to total revenues with a 5.3% year-on-year increase in the fourth quarter, offsetting some of the declines in other segments. Contract talent solutions and permanent placement talent solutions faced challenges, with reductions in income and revenue, reflecting broader economic conditions. Despite these challenges, Robert Half maintained its strong market position, earning recognition as one of the World’s Most Admired Companies for the 28th consecutive year.
Looking ahead, Robert Half’s management expressed optimism regarding the rise in U.S. business confidence post-elections, which could present new opportunities. The company remains focused on leveraging its brand strength and innovative business model to meet client needs in a dynamic market.
