The earnings call presented a mixed picture with notable achievements in Protiviti's growth, strong cash flows, and increased dividends. However, these were offset by declines in global revenues and Talent Solutions, as well as decreased earnings per share. The rise in business confidence is a positive sign, but challenges remain with currency impacts and increased SG&A costs.
Company Guidance
During Robert Half's Fourth Quarter 2024 Conference Call, the company provided guidance and insights into its performance metrics. For the quarter, global enterprise revenues were $1.382 billion, reflecting a 6% decrease year-over-year. Earnings per share dropped to $0.53 from $0.83 in the prior year's fourth quarter. Protiviti, a key division, reported consecutive quarterly year-over-year revenue growth, contributing to a stable performance. The company's cash flow from operations was $155 million, and a $0.53 per share cash dividend was distributed, marking a 10.4% increase from the previous year. The return on invested capital was 15%, with 1 million shares repurchased for $77 million. For Q1 2025, projected revenues range from $1.35 billion to $1.45 billion, with income per share expected between $0.31 and $0.41. The anticipated growth for Protiviti is between 8% and 10%, while Talent Solutions is expected to decline by 7% to 10%. The tax rate is projected at 31% to 35%, with capital expenditures estimated between $75 million and $95 million for the year. The company noted improved business confidence and labor market conditions, with Protiviti poised for continued growth.
Protiviti Revenue Growth
Protiviti reported year-on-year revenue growth for the second consecutive quarter, with global revenues up 5% and U.S. revenues up 6%.
Strong Cash Flow
Cash flow from operations was $155 million during the fourth quarter.
Dividend Increase
The December 2024 dividend was 10.4% higher than the prior year, with a cash outlay of $54 million.
Positive Business Confidence
A significant rise in U.S. business confidence followed the recent elections, with the NFIB's Small Business Optimism Index seeing a large two-month increase.
Recognition and Awards
Protiviti was recognized on Glassdoor's Best Places to Work list and honored by Seramount as a top company for executive women. Robert Half was named one of Fortune's most admired companies for the 28th consecutive year.
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Robert Half (RHI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RHI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 29, 2025
$69.15
$64.59
-6.59%
Oct 22, 2024
$65.23
$67.09
+2.85%
Jul 24, 2024
$63.81
$58.99
-7.55%
Apr 25, 2024
$68.95
$67.73
-1.77%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Robert Half (RHI) report earnings?
Robert Half (RHI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Robert Half (RHI) earnings time?
Robert Half (RHI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.