Robert Half International Earnings: CEO Says Positive Business Trends
S&P 500 (NYSE:SPY) component Robert Half International Inc. (NYSE:RHI) reported net income above Wall Street’s expectations for the first quarter. Robert Half International Inc. offers specialized staffing and risk consulting services in North America, South America, Europe, Asia and Australia.
Robert Half International Earnings Cheat Sheet for the First Quarter
Results: Net income for the staffing and outsourcing services company rose to $26.7 million (18 cents/share) vs. $8.5 million (5 cents/share) YoY. A more than threefold rise from the year earlier quarter.
Revenue: Rose 19.5% to $880.9 million YoY.
Actual vs. Wall St. Expectations: RHI beat the mean analyst estimate of 17 cents/share. Estimates ranged from 15 cents per share to 19 cents per share.
Quoting Management: “During the first quarter, we continued to see positive business trends,” said Harold M. Messmer, Jr., chairman and CEO of Robert Half International. “We saw strong demand for our professional staffing services, particularly in our Robert Half Technology and Robert Half Finance & Accounting divisions. We also saw an improving pricing environment indicative of further strengthening in our underlying labor markets.”
Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 83.2% and in the third quarter of the last fiscal year, the figure rose more than twofold.
Over the last five quarters, revenue has increased 7.9% on average year over year. The biggest increase came in the most recent quarter, when revenue rose 19.5% from the year earlier quarter.
Competitors to Watch: Kelly Services, Inc. (NASDAQ:KELYA), CDI Corp. (NYSE:CDI), Manpower Inc. (NYSE:MAN), SFN Group Inc (NYSE:SFN), Kforce Inc. (NASDAQ:KFRC), COMFORCE Corporation (CFS), Barrett Business Services, Inc. (NASDAQ:BBSI), Volt Information Sciences, Inc. (NYSE:VOL), ClearPoint Business Resources, Inc. (CPBRQ), and TrueBlue, Inc. (NYSE:TBI).
Today’s Performance: Shares of RHI are up 0.23% in after hours trading.