ROBERT HALF REPORTS FOURTH-QUARTER FINANCIAL RESULTS

Core Insights - Robert Half Inc. reported a decline in both revenues and net income for the fourth quarter and the full year of 2024 compared to 2023, with Q4 net income at $54 million and revenues at $1.382 billion, down from $87 million and $1.473 billion respectively in Q4 2023 [1][2][3] - The company expressed optimism about future growth, citing a rise in U.S. business confidence following recent elections and stable contract revenues throughout the quarter [3][4] - Robert Half was recognized for its workplace culture and industry standing, being named one of Fortune's World's Most Admired Companies for the 28th consecutive year [4] Financial Performance - For Q4 2024, net income was $54 million ($0.53 per share) on revenues of $1.382 billion, compared to $87 million ($0.83 per share) on revenues of $1.473 billion in Q4 2023 [1][2] - For the full year 2024, net income was $252 million ($2.44 per share) on revenues of $5.796 billion, down from $411 million ($3.88 per share) on revenues of $6.393 billion in 2023 [2] - The gross margin for Q4 2024 was $536.1 million, a decrease from $584.2 million in Q4 2023, while the gross margin for the full year was $2.247 billion, down from $2.575 billion in 2023 [14][20] Business Segments - The Protiviti segment reported year-on-year revenue growth for the second consecutive quarter, contributing $488.8 million in Q4 2024, compared to $464 million in Q4 2023 [14][25] - Contract talent solutions generated $785.5 million in Q4 2024, down from $887.4 million in Q4 2023, while permanent placement talent solutions brought in $108.1 million, also down from $121.6 million [14][25] Market Position and Recognition - Robert Half was recognized as one of Fortune's Best Workplaces for Parents and named one of America's Most Responsible Companies by Newsweek [4] - The company highlighted its unique position in the industry, emphasizing its brand strength, technology, and business model that integrates professional staffing and consulting services [3][4] Future Outlook - Management expressed confidence in capitalizing on emerging opportunities in the new year, supported by a strong brand and operational capabilities [3] - The company plans to continue focusing on its talent and consulting needs to support clients effectively [3]