NYSE$RHI

Robert Half Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Robert Half's financial performance declined in Q4 2022 compared to the previous year, with decreases in revenue and net income.

Robert Half International Inc. reported a decrease in revenue and net income for the fourth quarter ended December 31, 2022. Net income was $148 million, or $1.37 per share, on revenues of $1.727 billion, compared to the prior year's fourth quarter net income of $168 million, or $1.51 per share, on revenues of $1.770 billion.

  • Robert Half's Q4 2022 net income was $148 million, or $1.37 per share.
  • Q4 2022 revenues reached $1.727 billion.
  • Full-year revenues and earnings per share grew by more than 12 percent.
  • All major practice areas, including contract, permanent placement, and Protiviti, achieved all-time highs for the year.

Headline financials

Total Revenue

$1.73B

Previous: $1.77B-2.4%
EPS (adj)

$1.37

Previous: $1.51-9.3%
Capital Expenditures

$12.5M

Previous: $11.8M+5.7%
Free Cash Flow

$190M

Previous: $133M+42.6%
Net Income

$148M

Previous: $168M-12.1%
Operating Income

$149M

Previous: $176M-15.5%
Gross Profit

$719M

Previous: $744M-3.4%
Cash & Equivalents

$659M

Previous: $619M+6.4%
Total Assets

$2.96B

Previous: $2.95B+0.4%

Revenue & EPS history

Robert Half · Revenue · Quarterly

$1.73B

Q4 2022-2.4%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Robert Half · $655M total across 2 segments · Q4 2022

  • Protiviti
    $499M+0.8%
  • Permanent placement talent solutions
    $156M-1.4%

Forward guidance

Robert Half enters 2023 optimistic about its ability to navigate the uncertain global macroeconomic environment and the tight labor markets around the world.

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 Q4 2022

Historical avgQ4 2022

-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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