Company Achievements - Robert Half's mobile app has been honored with five prestigious w3 Awards, including gold awards for excellence in user experience and user interface, and recognition for visual design, recruitment sites, and best practices for mobile app sites [1] - This marks the third consecutive year the Robert Half Mobile App has been honored by the Academy of Interactive and Visual Arts (AIVA) [2] Mobile App Features - The Robert Half Mobile App is a top-ranked app in North America for job seekers, offering a unique and customizable digital experience that supports users through every step of the hiring journey [3] - The app allows candidates to receive interview requests and instantly schedule them, reducing the length of the interview process [3] - Users can quickly create an account by uploading their resume, enabling them to easily apply for jobs with a single tap, track application status, manage interview requests and job offers, and send feedback directly to Robert Half [3] Company Overview - Robert Half is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies [4] - The company offers contract talent and permanent placement solutions in various fields, including finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and provides executive search services [4] - Robert Half is the parent company of Protiviti, a global consulting firm that delivers internal audit, risk, business, and technology consulting solutions [4] - In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For [4]

Core View - The analyst recommended a sell rating for Robert Half Inc (NYSE: RHI) due to near-term uncertainties and the lack of positive catalysts, expecting the share price to remain under pressure [1] Investment Criteria - An ideal investment should operate in a sector projected to experience structural (organic) growth exceeding GDP growth over the next 5-10 years [1] - The company should generate profits from sustainable competitive advantages that translate into attractive unit economics [1] - The investment should be managed by competent, ethical, and long-term thinkers [1] - The valuation should be fair [1]

Core Insights - Robert Half International Inc. (RHI) reported better-than-expected third-quarter 2024 results with earnings of 64 cents per share, beating the consensus mark by 1.6% but declining 28.9% year over year. Revenues of $1.47 billion also exceeded expectations by 1.7% but decreased 6.3% year over year [1] Group 1: Financial Performance - Talent Solutions revenues were $954 million, down 13% year over year, but above the estimate of $947.9 million. U.S. Talent Solutions revenues were $725 million, also down 13% year over year [2] - Protiviti revenues reached $511 million, up 5% year over year, surpassing expectations of $490.2 million. U.S. Protiviti revenues increased 8% year over year to $411 million [2] - Adjusted gross profit was $577.8 million, down 9.5% year over year, with an adjusted gross profit margin of 39.4%, declining 140 basis points year over year [3] Group 2: Balance Sheet and Cash Flow - The company ended the quarter with cash and cash equivalents of $570.5 million, up from $547.4 million in the previous quarter. Operating cash was $130 million, and capital expenditures were $17.8 million [4] - RHI paid out $54 million in dividends and repurchased shares worth $49 million during the reported period [4] Group 3: Future Guidance - For Q4 2024, RHI expects revenues between $1.34 billion and $1.44 billion, with the midpoint of $1.39 billion below the current Zacks Consensus Estimate of $1.41 billion. EPS is expected to be between 47 cents and 61 cents, with the current consensus at 61 cents [5]

Financial Data and Key Metrics Changes - Company-wide revenues for Q3 2024 were $1.465 billion, down 6% year-over-year on an as-reported basis and down 8% on an as-adjusted basis [3] - Net income per share decreased to $0.64 from $0.90 in the same quarter last year [3] - Cash flow from operations was $130 million, with a cash dividend of $0.53 per share distributed, totaling $54 million [5] - Return on invested capital was 18% for the third quarter [5] Business Line Data and Key Metrics Changes - Talent Solutions revenues were down 13% year-over-year, with U.S. revenues at $725 million and non-U.S. revenues at $229 million, both reflecting a 13% decline [6] - Protiviti's global revenues were $511 million, with U.S. revenues up 8% and non-U.S. revenues down 8% year-over-year [7] - Gross margin for Contract Talent Solutions was 38.9%, down from 39.8% a year ago, while overall gross margin for Talent Solutions was 46.8%, down from 47.5% [8] Market Data and Key Metrics Changes - The unemployment rate for college-educated individuals in the U.S. remains low at 2.3%, indicating a tight labor market [14] - Business confidence levels are improving, supported by progress on inflation and expectations of a global rate-cutting cycle [4] Company Strategy and Development Direction - The company aims to capitalize on emerging opportunities and support client growth initiatives through its unique business model that includes professional staffing and business consulting services [4] - Continued investment in technology and innovation is emphasized to enhance core business capabilities [15] - Protiviti is expected to maintain strong revenue growth, particularly in regulatory risk and compliance solutions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in weathering the current economic climate and anticipates improved growth prospects as macroeconomic conditions stabilize [4] - The company is optimistic about future demand for talent as business confidence improves and hiring urgency returns [15] - Management noted that while there are uncertainties due to upcoming U.S. elections, they expect a rebound in demand post-election [30] Other Important Information - The company acquired approximately 800,000 shares for $49 million during the quarter [5] - SG&A costs as a percentage of revenues increased, with enterprise SG&A at 34.9% compared to 31.8% a year ago [9] Q&A Session Summary Question: Has there been a pickup in new orders for contract staffing? - Management noted stable weekly results over the past 14 weeks, indicating modest improvement in new orders [18] Question: Why is there no expected acceleration in Protiviti's growth despite positive trends? - Management explained that large projects are winding down, affecting revenue growth, but they remain optimistic about the backlog and pipeline [21] Question: Is there any impact from competition with the Big Four on Protiviti? - Management confirmed that price competition from the Big Four has not intensified and Protiviti has effectively managed resources to maintain margins [22] Question: What is the impact of GenAI on finance and accounting positions? - Management indicated minimal impact from GenAI on current hiring trends in finance and accounting [26] Question: How is the government business performing post-pandemic? - Management reported that the government business has converted pandemic-related projects into ongoing work, performing well relative to other sectors [35] Question: What are the expectations for white-collar hiring trends? - Management noted a long period of stability in white-collar hiring, with optimism for future demand as economic conditions improve [39]

For the quarter ended September 2024, Robert Half (RHI) reported revenue of $1.47 billion, down 6.3% over the same period last year. EPS came in at $0.64, compared to $0.90 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of +1.74%. The company delivered an EPS surprise of +1.59%, with the consensus EPS estimate being $0.63.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Robert Half (RHI) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.59%. A quarter ago, it was expected that this staffing firm would post earnings of $0.71 per share when it actually produced earnings of $0.66, delivering a surprise of -7.04%.Over the last four quarters, the company ...

MENLO PARK, Calif., Oct. 22, 2024 /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the third quarter ended September 30, 2024.For the three months ended September 30, 2024, net income was $65 million, or $0.64 per share, on revenues of $1.465 billion. For the three months ended September 30, 2023, net income was $96 million, or $0.90 per share, on revenues of $1.564 billion.For the nine months ended September 30, 2024, net income was $197 million, or $1.91 per share, on ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: M. Keith Waddell President and Chief Executive Officer (650) 234-6000 ROBERT HALF REPORTS THIRD-QUARTER FINANCIAL RESULTS MENLO PARK, Calif., October 22, 2024 — Robert Half Inc. (NYSE symbol: RHI) today reported revenues and earnings for the third quarter ended September 30, 2024. For the three months ended September 30, 2024, net income was $65 million, or $0.64 per share, on revenues of $1.465 billion. For the three months ended September 30, 2023, net income wa ...

Core Viewpoint - Analysts forecast a significant decline in Robert Half's quarterly earnings and revenues, indicating potential challenges for the company in the upcoming release [1]. Financial Performance Estimates - Expected earnings per share (EPS) for Robert Half is $0.63, reflecting a year-over-year decline of 30% [1]. - Anticipated revenues are projected at $1.44 billion, showing a decrease of 7.9% compared to the same quarter last year [1]. Service Revenue Breakdown - 'Service Revenues- Permanent placement talent solutions' is estimated to reach $122.20 million, a decline of 12.7% year over year [2]. - 'Service Revenues- Protiviti' is expected to be $488.69 million, indicating a slight increase of 1.6% from the prior year [2]. - 'Service Revenues- Total contract talent solutions' is forecasted at $827.70 million, reflecting a year-over-year decrease of 12.2% [2]. Contract Talent Solutions Revenue - 'Service Revenues- Contract talent solutions- Technology' is projected at $150.28 million, down 11.9% year over year [3]. - 'Service Revenues- Contract talent solutions- Finance & Accounting' is estimated at $596.11 million, also down 11.9% year over year [3]. - 'Service Revenues- Contract talent solutions- Administrative and customer support' is expected to reach $178.03 million, indicating a decline of 9.4% from the previous year [3]. Gross Margin Estimates - 'Gross Margin- Contract talent solutions' is estimated at $334.04 million, compared to $375.16 million from the same quarter last year [3]. - 'Gross Margin- Protiviti' is projected to be $122.81 million, down from $126.10 million year over year [3]. - The consensus estimate for 'Gross Margin- Permanent placement talent solutions' stands at $119.23 million, compared to $139.68 million in the same quarter last year [4]. Stock Performance - Over the past month, Robert Half's shares have returned -0.7%, contrasting with the S&P 500 composite's +4.5% change [4]. - Currently, Robert Half holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [4].

MENLO PARK, Calif., Oct. 15, 2024 /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) today announced it expects to release third-quarter 2024 earnings results on Tuesday, October 22, 2024, at approximately 4:05 p.m. EDT. Robert Half management will conduct a conference call at 5 p.m. EDT on October 22, following the release. The dial-in number is 888-394-8218 (+1-323-994-2093 outside the United States and Canada). It is recommended that participants dial in 15 minutes before the call begins. The confirmation code ...