Robert Half (RHI) Q2 2025 Earnings Call July 23, 2025 05:00 PM ET Speaker0Please standby. Hello, and welcome to the Robert Half Second Quarter twenty twenty five Conference Call. Today's conference call is being recorded. Our hosts for today's call are Mr. Keith Waddell, President and Chief Executive Officer of Robert Half and Mr.Michael Buckley, Chief Financial Officer. Mr. Waddell, you may begin. Hello, everyone. We appreciate your time today.Before we get started, I'd like to remind you that the comments ...

GEE Group (JOB) Q2 2025 Earnings Call May 15, 2025 11:00 AM ET Company Participants Derek Dewan - Chairman & CEOKim Thorpe - SVP and CFO Derek Dewan Hello, and welcome to the GEE Group Fiscal twenty twenty five Second Quarter and First Half Ended 03/31/2025 Earnings and Update Webcast Conference Call. I'm Derek Dwan, Chairman and Chief Executive Officer of GEE Group. I will be hosting today's call. Joining me as a co presenter is Kim Thorpe, our Senior Vice President and Chief Financial Officer. Thank you f ...

Financial Data and Key Metrics Changes - Total revenue for Q3 was $129.4 million, consistent with client budget constraints and slower project ramp-ups [5][42] - Adjusted EBITDA was $1.7 million, reflecting a 1.3% adjusted EBITDA margin [42] - Year-over-year revenue gap moderated to 11% on a same-day constant currency basis, an improvement from 13% in the previous quarter [43] - Gross margin for the quarter was 35.1%, better than expected but down 190 basis points from the prior year [44] Business Line Data and Key Metrics Changes - Consulting segment revenue was $52.6 million, a decline of 2% from the prior year, with an adjusted EBITDA margin of 11% [51] - On-demand segment revenue was $47.1 million, down 24% year-over-year, with a 5% adjusted EBITDA margin [52] - Outsourced services segment revenue was $9.4 million, similar to the prior year quarter, with a 16% adjusted EBITDA margin [55] Market Data and Key Metrics Changes - Europe and Asia Pacific segments saw a sequential increase in revenue backlog, although growth slowed compared to the previous quarter [38] - The consulting segment's average bill rate increased by 13% year-over-year, while the average bill rate in Europe and Asia Pacific increased by 5% [45][46] - The federal government work represented only 1.5% of overall revenue, indicating a diversified client base [33] Company Strategy and Development Direction - The company is focusing on enhancing client offerings through a diversified services platform and flexible engagement models [10][11] - Strategic investments are being made to improve technology and infrastructure, particularly in North America [17][18] - The company aims to build scale in key markets, particularly in Southeast Asia and India, to support international client needs [8][22] Management's Comments on Operating Environment and Future Outlook - The operating environment remains sluggish due to increased uncertainty and decreased consumer confidence in the U.S. [5] - Management expressed cautious optimism about the potential for growth as project extensions improve and larger deal opportunities arise [39][57] - The near-term outlook for professional services in the U.S. is uncertain, with delays in client decision-making expected to continue [24][58] Other Important Information - A non-cash goodwill impairment charge of $42 million was recorded in Q3 due to sluggish demand in both on-demand and consulting segments [55] - The company maintains a strong balance sheet with $73 million in cash and no outstanding debt, allowing for a balanced approach to capital allocation [56] Q&A Session Summary Question: How high priority are the clients' transformational activities given the delays? - Management noted that while there are delays, there is pent-up demand in Europe leading to project advancements, whereas the U.S. market is more hesitant due to uncertainty [66][68] Question: What measures are being taken to retain consultants during challenging times? - The company is focusing on engaging consultants with prior clients and maintaining strong relationships, even with those who are not currently active [70][71] Question: How much more cost-cutting can be done before impacting the business? - Management is exploring various areas for cost reduction, including real estate and discretionary spending, while also leveraging new technology for efficiency [73][74] Question: What has been observed regarding project cancellations and delays? - Management clarified that while there are delays in project starts, cancellations are not prevalent, and extensions are actually growing [80][82] Question: What is the revenue guide for the fourth quarter and its implications? - The fourth quarter is expected to see a revenue decline of about 14% year-over-year, with variability primarily coming from North America [92][94] Question: What is the outlook for cash flow and dividends? - The company anticipates improved operating cash flow starting in fiscal 2026 and intends to maintain a balanced approach to dividends and capital allocation [96][97]