Robert Half Inc. reported its financial results for the first quarter of 2025, revealing a decline in both revenue and net income compared to the same period last year. The company generated service revenues of $1.35 billion, an 8.4% decrease from $1.48 billion in the first quarter of 2024. Net income fell to $17.4 million, down from $63.7 million, resulting in diluted earnings per share of $0.17, compared to $0.61 in the prior year. The decrease in revenue was attributed to economic uncertainties affecting client hiring and project initiation, leading to elongated decision cycles.
In terms of operational performance, Robert Half's contract talent solutions segment saw revenues drop by 14% to $763 million, primarily due to a 16.2% decrease in the number of hours worked by engagement professionals, despite a 2.7% increase in average bill rates. The permanent placement talent solutions segment also experienced a 10.2% decline in revenues to $112 million, driven by an 11.4% decrease in placements. Conversely, the Protiviti segment reported a 2.7% increase in revenues to $477 million, supported by a 3.4% rise in billable hours.
The company has taken strategic steps to address its cost structure, including reducing administrative staffing levels and implementing cost-saving measures, which resulted in one-time charges impacting net income. Selling, general, and administrative expenses decreased by 11.8% to $460 million, reflecting the company's efforts to align costs with reduced revenue levels. The gross margin also declined, totaling $499 million, down 11.3% from the previous year, with a gross margin percentage of 36.9%.
Looking ahead, Robert Half remains cautious about the economic environment, which continues to influence demand for its services. The company is focused on leveraging technology and innovation, including artificial intelligence, to enhance its service offerings and improve operational efficiency. Despite the current challenges, Robert Half is positioned to capitalize on emerging opportunities as business confidence improves and hiring activity resumes. The company plans to maintain its investments in technology and expects to continue monitoring economic indicators to align its workforce and resources with anticipated demand.
About ROBERT HALF INC.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.