Robert Half Inc.'s (RHI) wholly-owned subsidiary Protiviti yesterday unwrapped a custom-built firmwide internal generative AI-based application, ProtivitiGPT. Protiviti excels in enabling AI adoption and implementing Azure-based solutions. With a focus on technology consulting, cloud computing, and digital transformation, the company is positioned strongly in the market. We anticipate Protiviti revenues to grow 4.2%, 1.2% and 6.3% in 2024, 2025 and 2026, respectively. Also, we expect double digits operating ...

MENLO PARK, Calif., June 13, 2024 /PRNewswire/ -- Global consulting firm Protiviti has been named to the Fortune Best Workplaces in the Bay Area 2024™ list. This marks the sixth time the company has made the highly competitive list, which recognizes organizations based in the San Francisco Bay Area that have established themselves as one of the best workplaces among companies headquartered in the region. The Fortune Best Workplaces in the Bay Area list was determined based on the review of nearly 80,000 con ...

Innovation in Action MENLO PARK, Calif., June 12, 2024 /PRNewswire/ -- Protiviti recently introduced ProtivitiGPT, a custombuilt firmwide internal generative AI based application to enhance the development of cutting-edge business solutions. The application has been made operationally available to all Protiviti employees after establishing internal governance and guiding principles. Additionally, comprehensive training programs will up-skill employees' understanding and usage of Artificial Intelligence to e ...

MENLO PARK, Calif., May 20, 2024 /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has been named a Stevie Award winner in the 22nd Annual American Business Awards. The company was honored in the category of Best Artificial Intelligence/Machine Learning Solution for its AI capabilities that benefit clients, candidates and employees. Drawing from its unique database of over 30 million professionals and decades of customer data, Robert Half has developed a number of ...

About Protiviti Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Protiviti and its independent and locally owned member firms provide clients with consulting and managed solutions in finance, technology, operations, data, digital, legal, HR, risk and internal audit through a network of more than 90 offices in over 25 countries. Named to the Fortune 100 Be ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM to . Commission File Number 1-10427 ROBERT HALF INC. (Exact name of registrant as specified in its charter) Delaware 94-164875 ...

Robert Half Inc. (NYSE:RHI) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Keith Waddell - President and CEO Michael Buckley - CFO Conference Call Participants Andrew Steinerman - JPMorgan Mark Marcon - Baird Princy Thomas - Barclays Trevor Romeo - William Blair Jasper Bibb - Truist Securities Heather Balsky - Bank of America Stephanie Moore - Jefferies Jeff Silber - BMO Capital Markets George Tong - Goldman Sachs Kartik Mehta - Northcoast Research Operator Hello, and welcom ...

FOR IMMEDIATE RELEASE Exhibit 99.1 Contact: M. Keith Waddell President and Chief Executive Officer (650) 234-6000 ROBERT HALF REPORTS FIRST-QUARTER FINANCIAL RESULTS MENLO PARK, Calif., April 25, 2024 — Robert Half Inc. (NYSE symbol: RHI) today reported revenues and earnings for the first quarter ended March 31, 2024. Robert Half management will conduct a conference call today at 5 p.m. EDT. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthal ...

Financial Performance - The Company's service revenues were $6.39 billion in 2023, a decrease of 11.7% from $7.24 billion in 2022[114] - Full-year 2023 net income decreased 37.5% to $411 million, with diluted net income per share decreasing 35.7% to $3.88[114] - Contract talent solutions revenues were $3.90 billion in 2023, down 14.1% from $4.53 billion in 2022, driven by a 20.8% decrease in hours worked[135] - Permanent placement talent solutions revenues were $567 million in 2023, a decrease of 21.7% from $725 million in 2022, due to a 24.1% decrease in placements[136] - Revenues from U.S. operations decreased 13.2% to $4.96 billion in 2023, while international revenues decreased 5.9% to $1.44 billion[134] - Protiviti revenues for 2023 were $1.93 billion, a decrease of 2.5% from $1.98 billion in 2022, primarily due to a 6.6% decrease in billable hours[137] - The Company's total revenues for the year ended December 31, 2023, were $6.39 billion, a decrease of 11.7% from $7.24 billion in 2022[134] Expenses and Margins - Selling, general and administrative expenses for the company were $2.11 billion in 2023, down 0.5% from $2.12 billion in 2022, but as a percentage of revenues, these expenses increased to 33.0%[145] - Adjusted selling, general and administrative expenses for the company were $2.04 billion in 2023, a decrease of 7.0% from $2.19 billion in 2022[145] - Contract talent solutions gross margin dollars were $1.55 billion in 2023, down 14.1% from $1.80 billion in 2022, maintaining a gross margin percentage of 39.8%[141] - Permanent placement talent solutions gross margin dollars fell by 21.7% to $566 million in 2023, down from $724 million in 2022[142] - The Company's gross margin dollars were $2.58 billion for 2023, down 16.8% from $3.09 billion in 2022[139] - The gross margin percentage for Protiviti decreased to 23.8% in 2023 from 28.6% in 2022, primarily due to lower staff utilization rates[143] Income and Taxation - The company's income before income taxes for 2023 was $577 million, or 9.0% of revenues, down from $897 million, or 12.4% of revenues in 2022[152] - Combined segment income for 2023 was $555 million, or 8.7% of revenues, compared to $891 million, or 12.3% of revenues in 2022[153] - The provision for income taxes was 28.7% in 2023, up from 26.6% in 2022, due to increased nondeductible expenses[152] Cash Flow and Liquidity - Cash and cash equivalents increased to $732 million in 2023 from $659 million in 2022, with net cash provided by operating activities at $637 million[156] - The company's working capital included $732 million in cash and cash equivalents and $861 million in net accounts receivable as of December 31, 2023, indicating strong liquidity[162] - Cash used in investing activities was $112 million in 2023, including capital expenditures of $46 million and investments in employee deferred compensation trusts of $103 million[158] - Cash used in financing activities was $461 million in 2023, which included $255 million for stock repurchases and $206 million in dividends paid[160] Capital Expenditures and Share Repurchase - Capital expenditures for 2023 totaled $81 million, with approximately 67% allocated to software initiatives and technology infrastructure[159] - The company expects capital expenditures for 2024 to range from $90 million to $110 million, with a focus on software initiatives[159] - The company repurchased $255 million in common stock during 2023, compared to $320 million in 2022[160] - The company has authorized the repurchase of up to 10.8 million additional shares of common stock as of December 31, 2023[161] Employment and Market Conditions - The unemployment rate rose from 3.5% in December 2022 to 3.7% in December 2023, indicating a tightening labor market[115] - The Company anticipates ongoing demand for its services despite macroeconomic uncertainties affecting client hiring decisions[116] - The Company decreased headcount in its contract talent solutions and permanent placement segments during 2023, while Protiviti's full-time headcount remained flat[118] Other Obligations - Contractual purchase obligations as of December 31, 2023, amounted to $201.6 million, primarily related to software subscriptions and services[168] - Employee deferred compensation plan obligations amounted to $572.9 million, with assets held in investment trusts substantially equal to these obligations[169] - As of December 31, 2023, the Company reported current operating lease liabilities of $80.5 million and long-term operating lease liabilities of $161.4 million[166]

Robert Half Inc. (NYSE:RHI) Q4 2023 Results Conference Call January 30, 2024 5:00 PM ET Company Participants Keith Waddell - President and Chief Executive Officer Michael Buckley - Chief Financial Officer Conference Call Participants Mark Macon - Baird Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Trevor Romeo - William Blair Stephanie Moore - Jefferies George Tong - Goldman Sachs Manav Patnaik - Barclays Kevin McVeigh - UBS Kartik Mehta - Northcoast Research Operator Hello, and welcome to t ...