NYSE$RHI

Robert Half Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Robert Half's financial performance reflected a strong start but was impacted by the COVID-19 pandemic in the second half of March.

Robert Half International Inc. reported a decrease in net income to $90 million, or $0.79 per share, on revenues of $1.507 billion for the quarter ended March 31, 2020. The company's results were negatively impacted by the COVID-19 pandemic, particularly affecting its staffing operations, although Robert Half Technology and Robert Half Management Resources divisions showed solid results, and Protiviti experienced double-digit revenue growth.

  • Net income decreased to $90 million, or $0.79 per share, compared to $110 million, or $0.93 per share, in the prior year's first quarter.
  • Revenues increased to $1.507 billion from $1.469 billion in the same quarter last year.
  • The COVID-19 pandemic began to impact the business in the second half of March, particularly affecting staffing operations.
  • Protiviti demonstrated strong performance with double-digit, year-on-year revenue gains for the eighth consecutive quarter.

Headline financials

Total Revenue

$1.51B

Previous: $1.47B+2.6%
EPS (adj)

$0.79

Previous: $0.93-15.1%
Capital Expenditures

-$14.3M

Previous: -$12.7M-12.7%
Free Cash Flow

$75.6M

Previous: $97.1M-22.1%
Net Income

$89.9M

Previous: $110M-18.1%
Operating Income

$131M

Previous: $146M-10.3%
Gross Profit

$611M

Previous: $608M+0.5%
Cash & Equivalents

$250M

Previous: $270M-7.3%
Total Assets

$2.27B

Previous: $2.2B+3.2%

Revenue & EPS history

Robert Half · Revenue · Quarterly

$1.51B

Q1 2020+2.6%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Robert Half · $415M total across 2 segments · Q1 2020

  • Protiviti
    $294M+16.5%
  • Permanent placement talent solutions
    $120M-8.4%

Forward guidance

No forward guidance was provided in the release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.5%

Avg return

30 days after

48%

33 / 69 earnings

Positive

+27.6%

Q4 2025

Best reaction

-10.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.8%-0.0%+0.3%
Q4 2025+27.6%+21.2%-9.9%
Q3 2025-1.2%-2.0%-8.0%
Q2 2025+0.2%+1.2%-2.2%
Q1 2025-3.1%-4.7%-2.5%
Q4 2024-6.6%-8.8%-14.5%
Q3 2024+3.1%+3.2%+12.4%
Q2 2024-7.7%-2.3%-1.7%
Q1 2024-3.0%-3.3%-6.9%
Q4 2023-2.1%-0.4%-1.0%
Q3 2023+1.5%+0.7%+12.5%
Q2 2023-5.8%-6.9%-7.3%
Q1 2023+2.0%+2.0%-5.9%
Q4 2022+8.0%+6.4%-0.4%
Q3 2022-9.7%-7.5%-6.6%
Q2 2022-7.8%-9.8%-2.6%
Q1 2022-10.9%-12.4%-22.5%
Q4 2021-0.7%+3.1%+8.8%
Q3 2021+3.1%+2.3%+7.8%
Q2 2021+6.1%+8.6%+16.7%
Q1 2021+4.9%+7.9%+8.3%
Q4 2020+3.1%+3.1%+18.8%
Q3 2020-6.6%-9.0%+10.2%
Q2 2020-1.5%-4.5%+3.4%
Q1 2020+6.6%+12.0%+14.7%
Q4 2019-4.7%-2.7%-17.4%
Q3 2019+3.8%+5.8%+3.3%
Q2 2019+9.3%+6.5%-4.9%
Q1 2019-6.5%-7.3%-16.6%
Q4 2018+7.3%+4.5%+12.2%
Q3 2018-9.5%-7.7%-7.4%
Q2 2018+7.9%+9.2%+11.9%
Q1 2018+3.6%+4.8%+9.2%
Q4 2017+0.5%-2.4%-1.5%
Q3 2017+1.5%+3.9%+7.4%
Q2 2017-6.2%-5.0%-7.3%
Q1 2017+4.4%+4.6%+2.2%
Q4 2016-7.0%-5.5%-3.7%
Q3 2016-4.9%-3.2%+17.1%
Q2 2016-10.0%-10.8%-6.2%
Q1 2016-10.5%
Q4 2015-9.5%
Q3 2015-6.2%
Q2 2015-6.9%
Q1 2015-4.2%
Q4 2014+1.0%
Q3 2014+7.8%
Q2 2014+8.0%
Q1 2014+2.6%
Q4 2013+0.7%
Q3 2013-3.1%
Q2 2013+2.6%
Q1 2013-9.3%
Q4 2012+5.5%
Q3 2012+5.7%
Q2 2012-6.3%
Q1 2012-3.8%
Q4 2011-0.1%
Q3 2011-2.3%
Q2 2011-1.1%
Q1 2010-0.6%
Q1 2011+3.1%
Q4 2010+0.0%
Q4 2008+0.0%
Q3 2010-0.8%
Q3 2009-0.8%
Q2 2009+2.1%
Q4 2009+2.1%
Q2 2010+2.1%

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