FX.co ★ Robert Half Inc. Reports Dip In Net Income For Q4, Misses Estimates

Robert Half Inc. (RHI), the global leader in staffing and consulting services, announced its financial results for the fourth quarter ended December 31, 2024. The company reported a net income of $54.3 million, equating to earnings of $0.53 per share, compared to $87.3 million and $0.83 per share in the corresponding period of the previous year. This decline is attributed to reduced revenues.

For the quarter, adjusted income before income taxes was $75.3 million, representing 5.4% of total revenue. In contrast, the fourth quarter of 2023 saw adjusted income before taxes at $120.1 million, or 8.2% of revenue. The combined segment income for this quarter stood at $70.5 million, or 5.1% of revenue, which is a decrease from $114.2 million, or 7.8% of revenue, recorded in the same quarter last year.

Quarterly service revenues declined to $1.38 billion, a decrease from $1.47 billion reported the previous year.

On Wednesday, RHI shares closed on Nasdaq at $69.15, reflecting a drop of 1.68%, or $1.18.