Technology

ROBERT HALF REPORTS SECOND-QUARTER FINANCIAL RESULTS

Published

2 years ago

July 24, 2024

MENLO PARK, Calif., July 24, 2024 /CNW/ — Robert Half Inc. (NYSE: RHI) today reported revenues and earnings for the second quarter ended June 30, 2024.

For the three months ended June 30, 2024, net income was $68 million, or $0.66 per share, on revenues of $1.473 billion. For the three months ended June 30, 2023, net income was $106 million, or $1.00 per share, on revenues of $1.639 billion.

For the six months ended June 30, 2024, net income was $132 million, or $1.27 per share, on revenues of $2.948 billion. For the six months ended June 30, 2023, net income was $228 million, or $2.14 per share, on revenues of $3.356 billion.

“Client and candidate caution continues to impact hiring activity and new project starts as macroeconomic and interest rate uncertainty persist. Second-quarter revenues and earnings were within our guidance range. Protiviti posted strong results, led by U.S. growth in revenues and segment income both on a sequential and year-on-year basis,” said M. Keith Waddell, president and chief executive officer at Robert Half. “We remain confident in our ability to navigate the current climate and optimistic about our growth prospects.

“We’d like to thank our employees across the globe, whose commitment to success made possible a number of new accolades. Robert Half again ranked No. 1 on Forbes’ list of America’s Best Professional Recruiting Firms, and our people-first culture was reflected in our selection as one of Fortune’s Best Workplaces for Millennials, Forbes’ Best Employers for Diversity, and — just yesterday — Forbes’ Best Employers for Women,” Waddell concluded.

Robert Half management will conduct a conference call today at 5 p.m. EDT. The prepared remarks for this call are available now in the Investor Center of the Robert Half website (www.roberthalf.com/investor-center). Simply click on the Quarterly Conference Calls link. The dial-in number is 888-394-8218 (+1-323-994-2093 outside the United States and Canada). The confirmation code to access the call is 9156621.

A recording of this call will be available for audio replay beginning at approximately 8 p.m. EDT on July 24 and ending after 12 months. To access the replay, visit https://webcasts.com/RobertHalfQ22024. The conference call also will be archived in audio format on the Company’s website at roberthalf.com.

Robert Half is the world’s first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named Fortune® World’s Most Admired Companies™ and 100 Best Companies to Work For, and a Forbes Best Employer for Diversity.

Certain information contained in Management’s Discussion and Analysis and in other parts of this report may be deemed forward-looking statements regarding events and financial trends that may affect the future operating results or financial positions of Robert Half Inc. (the “Company”). Forward-looking statements are not guarantees or promises that goals or targets will be met. These statements may be identified by words such as “anticipate,” “potential,” “estimate,” “forecast,” “target,” “project,” “plan,” “intend,” “believe,” “expect,” “should,” “could,” “would,” “may,” “might,” “will,” or variations or negatives thereof or by similar or comparable words or phrases. In addition, historical, current, and forward-looking information about the Company’s environmental, social, and governance and compliance programs, including targets or goals, may not be considered material for the Securities and Exchange Commission (“SEC”) or other mandatory reporting purposes and may be based on standards for measuring progress that are still developing, on internal controls, diligence, or processes that are evolving, on representations reviewed or provided by third parties, and on assumptions that are subject to change in the future. Forward-looking statements are estimates only, based on management’s current expectations, currently available information and current strategy, plans, or forecasts, and involve certain known and unknown risks, uncertainties, and assumptions that are difficult to predict and often beyond our control and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results, outcomes, or the timing of these results or outcomes, to differ materially from those expressed or implied in the statements.

These risks and uncertainties include, but are not limited to, the following: changes to or new interpretations of United States of America (“U.S.”) or international tax regulations; the global financial and economic situation; changes in levels of unemployment and other economic conditions in the U.S. or foreign countries where the Company does business, or in particular regions or industries; reduction in the supply of candidates for contract employment or the Company’s ability to attract candidates; the development, proliferation and adoption of artificial intelligence (“AI”) by the Company and the third parties it serves; the entry of new competitors into the marketplace or expansion by existing competitors; the ability of the Company to maintain existing client relationships and attract new clients in the context of changing economic or competitive conditions; the impact of competitive pressures, including any change in the demand for the Company’s services, on the Company’s ability to maintain its margins; the possibility of the Company incurring liability for its activities, including the activities of its engagement professionals, or for events impacting its engagement professionals on clients’ premises; the possibility that adverse publicity could impact the Company’s ability to attract and retain clients and candidates; the success of the Company in attracting, training, and retaining qualified management personnel and other staff employees; the Company’s ability to comply with governmental regulations affecting personnel services businesses in particular or employer/employee relationships in general; whether there will be ongoing demand for Sarbanes-Oxley or other regulatory compliance services; the Company’s reliance on short-term contracts for a significant percentage of its business; litigation relating to prior or current transactions or activities, including litigation that may be disclosed from time to time in the Company’s SEC filings; the impact of extreme weather conditions on the Company and its candidates and clients, the ability of the Company to manage its international operations and comply with foreign laws and regulations; the impact of fluctuations in foreign currency exchange rates; the possibility that the additional costs the Company will incur as a result of health care or other reform legislation may adversely affect the Company’s profit margins or the demand for the Company’s services; the possibility that the Company’s computer and communications hardware and software systems could be damaged or their service interrupted or the Company could experience a cybersecurity breach; and the possibility that the Company may fail to maintain adequate financial and management controls, and as a result suffer errors in its financial reporting.

Additionally, with respect to Protiviti, other risks and uncertainties include the fact that future success will depend on its ability to retain employees and attract clients; there can be no assurance that there will be ongoing demand for broad based consulting, regulatory compliance, technology services, public sector or other high demand advisory services; failure to produce projected revenues could adversely affect financial results; and there is the possibility of involvement in litigation relating to prior or current transactions or activities.

A summary of additional risks and uncertainties can be found in the Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s other filings with the U.S. Securities and Exchange Commission.

Because long-term contracts are not a significant part of the Company’s business, future results cannot be reliably predicted by considering past trends or extrapolating past results. The Company undertakes no obligation to update information contained in this release, whether as a result of new information, future events, or otherwise, and notwithstanding any historical practice of doing so.

A copy of this release is available at www.roberthalf.com/investor-center.

ATTACHED:

Summary of Operations

Supplemental Financial Information

Non-GAAP Financial Measures

ROBERT HALF INC.

SUMMARY OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended
June 30,

Six Months Ended
June 30,

2024

2023

2024

2023

(Unaudited)

Service revenues

$ 1,472,524

$ 1,639,478

$ 2,948,461

$ 3,355,813

Costs of services

895,845

979,309

1,808,985

2,005,912

Gross margin

576,679

660,169

1,139,476

1,349,901

Selling, general and administrative expenses

500,832

541,904

1,022,427

1,094,133

Income from investments held in employee deferred compensation trusts
(which is completely offset by related costs and expenses)

(15,733)

(28,347)

(59,109)

(55,638)

Amortization of intangible assets

304

721

608

1,442

Interest income, net

(5,186)

(5,320)

(11,599)

(10,145)

Income before income taxes

96,462

151,211

187,149

320,109

Provision for income taxes

28,306

44,919

55,292

91,812

Net income

$ 68,156

$ 106,292

$ 131,857

$ 228,297

Diluted net income per share

$ 0.66

$ 1.00

$ 1.27

$ 2.14

Weighted average shares:

Basic

103,151

106,102

103,469

106,260

Diluted

103,328

106,422

103,864

106,775

ROBERT HALF INC.

SUPPLEMENTAL FINANCIAL INFORMATION

(in thousands)

Three Months Ended
June 30,

Six Months Ended
June 30,

2024

2023

2024

2023

(Unaudited)

SERVICE REVENUES INFORMATION

Contract talent solutions

Finance and accounting

$ 623,120

$ 721,391

$ 1,265,090

$ 1,499,224

Administrative and customer support

190,344

211,023

390,276

430,373

Technology

157,899

181,776

315,869

375,858

Elimination of intersegment revenues (1)

(116,466)

(114,807)

(229,280)

(240,598)

Total contract talent solutions

854,897

999,383

1,741,955

2,064,857

Permanent placement talent solutions

131,063

149,254

255,830

305,991

Protiviti

486,564

490,841

950,676

984,965

Total service revenues

$ 1,472,524

$ 1,639,478

$ 2,948,461

$ 3,355,813

(1)

Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to the Company’s Protiviti segment in connection with the Company’s blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line.

Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

% of
Revenue

(Unaudited)

BUSINESS SEGMENT INCOME INFORMATION:

Contract talent solutions

$ 38,146

4.5 %

$ 81,316

8.1 %

$ 88,264

5.1 %

$ 183,462

8.9 %

Permanent placement talent solutions

$ 16,148

12.3 %

$ 21,730

14.6 %

$ 28,003

10.9 %

$ 45,557

14.9 %

Protiviti

$ 37,286

7.7 %

$ 43,566

8.9 %

$ 59,891

6.3 %

$ 82,387

8.4 %

June 30,

2024

2023

(Unaudited)

SELECTED BALANCE SHEET INFORMATION:

Cash and cash equivalents

$ 547,370

$ 722,763

Accounts receivable, net

$ 893,467

$ 974,008

Total assets

$ 2,937,749

$ 3,067,641

Total current liabilities

$ 1,263,264

$ 1,276,571

Total stockholders’ equity

$ 1,480,155

$ 1,625,271

Six Months Ended June 30,

2024

2023

(Unaudited)

SELECTED CASH FLOW INFORMATION:

Depreciation

$ 25,520

$ 25,229

Capitalized cloud computing implementation costs

$ 15,557

$ 20,184

Capital expenditures

$ 24,174

$ 19,093

Open market repurchases of common stock (shares)

1,660

1,137

ROBERT HALF INC.
NON-GAAP FINANCIAL MEASURES

The financial results of Robert Half Inc. (the “Company”) are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the SEC. To help readers understand the Company’s financial performance, the Company supplements its GAAP financial results with the following non-GAAP measures: adjusted gross margin; adjusted selling, general and administrative expenses; combined segment income; and as adjusted revenue growth rates.

The following measures: adjusted gross margin and adjusted selling, general and administrative expenses, include gains and losses on investments held to fund the Company’s obligations under employee deferred compensation plans. The Company provides these measures because they are used by management to review its operational results.

Combined segment income is income before income taxes, adjusted for interest income and amortization of intangible assets. The Company provides combined segment income because it is how management evaluates performance.

As adjusted revenue growth rates represent year-over-year revenue growth rates after removing the impacts on reported revenues from the changes in the number of billing days and foreign currency exchange rates. The Company provides this data because it focuses on the Company’s revenue growth rates attributable to operating activities and aids in evaluating revenue trends over time. The impacts from the changes in billing days and foreign currency exchange rates are calculated as follows:

Billing days impact is calculated by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon inputs from all countries and all functional specializations and segments.Foreign currency impact is calculated by retranslating current period international revenues, using foreign currency exchange rates from the prior year’s comparable period.

The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company’s industry, as other companies may calculate such financial results differently. The Company’s non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided on the following pages.

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

ADJUSTED GROSS MARGIN (UNAUDITED):

(in thousands)

Three Months Ended June 30,

Relationships

Six Months Ended June 30,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

Gross Margin

Contract talent solutions

$ 336,161

$ 398,636

$ 336,161

$ 398,636

39.3 %

39.9 %

39.3 %

39.9 %

$ 686,731

$ 822,261

$ 686,731

$ 822,261

39.4 %

39.8 %

39.4 %

39.8 %

Permanent placement talent
solutions

130,801

148,975

130,801

148,975

99.8 %

255,349

305,370

255,349

305,370

99.8 %

Total talent solutions

466,962

547,611

466,962

547,611

47.4 %

47.7 %

47.4 %

47.7 %

942,080

1,127,631

942,080

1,127,631

47.2 %

47.6 %

47.2 %

47.6 %

Protiviti

109,717

112,558

112,947

117,882

22.5 %

22.9 %

23.2 %

24.0 %

197,396

222,270

208,983

232,366

20.8 %

22.6 %

22.0 %

23.6 %

Total

$ 576,679

$ 660,169

$ 579,909

$ 665,493

39.2 %

40.3 %

39.4 %

40.6 %

$ 1,139,476

$ 1,349,901

$ 1,151,063

$ 1,359,997

38.6 %

40.2 %

39.0 %

40.5 %

The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the three months ended June 30, 2024 and 2023:

Three Months Ended June 30, 2024

Three Months Ended June 30, 2023

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

% of
Revenue

Gross Margin

As Reported

$ 336,161

39.3 %

$ 130,801

99.8 %

$ 466,962

47.4 %

$ 109,717

22.5 %

$ 576,679

39.2 %

$ 398,636

39.9 %

$ 148,975

99.8 %

$ 547,611

47.7 %

$ 112,558

22.9 %

$ 660,169

40.3 %

Adjustments (1)

—

3,230

0.7 %

3,230

0.2 %

—

5,324

1.1 %

5,324

0.3 %

As Adjusted

$ 336,161

39.3 %

$ 130,801

99.8 %

$ 466,962

47.4 %

$ 112,947

23.2 %

$ 579,909

39.4 %

$ 398,636

39.9 %

$ 148,975

99.8 %

$ 547,611

47.7 %

$ 117,882

24.0 %

$ 665,493

40.6 %

The following tables provide reconciliations of the non-GAAP adjusted gross margin to reported gross margin for the six months ended June 30, 2024 and 2023:

Six Months Ended June 30, 2024

Six Months Ended June 30, 2023

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

% of
Revenue

Gross Margin

As Reported

$ 686,731

39.4 %

$ 255,349

99.8 %

$ 942,080

47.2 %

$ 197,396

20.8 %

$ 1,139,476

38.6 %

$ 822,261

39.8 %

$ 305,370

99.8 %

$ 1,127,631

47.6 %

$ 222,270

22.6 %

$ 1,349,901

40.2 %

Adjustments (1)

—

11,587

1.2 %

11,587

0.4 %

—

10,096

1.0 %

10,096

0.3 %

As Adjusted

$ 686,731

39.4 %

$ 255,349

99.8 %

$ 942,080

47.2 %

$ 208,983

22.0 %

$ 1,151,063

39.0 %

$ 822,261

39.8 %

$ 305,370

99.8 %

$ 1,127,631

47.6 %

$ 232,366

23.6 %

$ 1,359,997

40.5 %

(1)

Changes in the Company’s employee deferred compensation plan obligations related to Protiviti operations are included in costs of services, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.

ROBERT HALF INC

NON-GAAP FINANCIAL MEASURES

ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED):

(in thousands)

Three Months Ended June 30,

Relationships

Six Months Ended June 30,

Relationships

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

As Reported

As Adjusted

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

Selling, General and

Administrative Expenses

Contract talent solutions

$ 308,886

$ 337,742

$ 298,015

$ 317,320

36.1 %

33.8 %

34.9 %

31.8 %

$ 640,474

$ 679,464

$ 598,467

$ 638,799

36.8 %

32.9 %

34.4 %

30.9 %

Permanent placement talent
solutions

116,285

129,846

114,653

127,245

88.7 %

87.0 %

87.5 %

85.3 %

232,861

264,690

227,346

259,813

91.0 %

86.5 %

88.9 %

84.9 %

Total talent solutions

425,171

467,588

412,668

444,565

43.1 %

40.7 %

41.9 %

38.7 %

873,335

944,154

825,813

898,612

43.7 %

39.8 %

41.3 %

37.9 %

Protiviti

75,661

74,316

75,661

74,316

15.6 %

15.1 %

15.6 %

15.1 %

149,092

149,979

149,092

149,979

15.7 %

15.2 %

15.7 %

15.2 %

Total

$ 500,832

$ 541,904

$ 488,329

$ 518,881

34.0 %

33.1 %

33.2 %

31.6 %

$ 1,022,427

$ 1,094,133

$ 974,905

$ 1,048,591

34.7 %

32.6 %

33.1 %

31.2 %

The following tables provide reconciliations of the non-GAAP adjusted selling, general and administrative expenses to reported selling, general and administrative expenses for the three months ended June 30, 2024 and 2023:

Three Months Ended June 30, 2024

Three Months Ended June 30, 2023

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent

solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

% of
Revenue

Selling, General and

Administrative Expenses

As Reported

$ 308,886

36.1 %

$ 116,285

88.7 %

$ 425,171

43.1 %

$ 75,661

15.6 %

$ 500,832

34.0 %

$ 337,742

33.8 %

$ 129,846

87.0 %

$ 467,588

40.7 %

$ 74,316

15.1 %

$ 541,904

33.1 %

Adjustments (1)

(10,871)

(1.2 %)

(1,632)

(1.2 %)

(12,503)

(1.2 %)

—

(12,503)

(0.8 %)

(20,422)

(2.0 %)

(2,601)

(1.7 %)

(23,023)

(2.0 %)

—

(23,023)

(1.5 %)

As Adjusted

$ 298,015

34.9 %

$ 114,653

87.5 %

$ 412,668

41.9 %

$ 75,661

15.6 %

$ 488,329

33.2 %

$ 317,320

31.8 %

$ 127,245

85.3 %

$ 444,565

38.7 %

$ 74,316

15.1 %

$ 518,881

31.6 %

Six Months Ended June 30, 2024

Six Months Ended June 30, 2023

Contract talent
solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

Contract talent
solutions

Permanent
placement talent
solutions

Total talent
solutions

Protiviti

Total

% of
Revenue

Selling, General and

Administrative Expenses

As Reported

$ 640,474

36.8 %

$ 232,861

91.0 %

$ 873,335

43.7 %

$ 149,092

15.7 %

$ 1,022,427

34.7 %

$ 679,464

32.9 %

$ 264,690

86.5 %

$ 944,154

39.8 %

$ 149,979

15.2 %

$ 1,094,133

32.6 %

Adjustments (1)

(42,007)

(2.4 %)

(5,515)

(2.1 %)

(47,522)

(2.4) %

—

(47,522)

(1.6 %)

(40,665)

(2.0 %)

(4,877)

(1.6 %)

(45,542)

(1.9 %)

—

(45,542)

(1.4 %)

As Adjusted

$ 598,467

34.4 %

$ 227,346

88.9 %

$ 825,813

41.3 %

$ 149,092

15.7 %

$ 974,905

33.1 %

$ 638,799

30.9 %

$ 259,813

84.9 %

$ 898,612

37.9 %

$ 149,979

15.2 %

$ 1,048,591

31.2 %

(1)

Changes in the Company’s employee deferred compensation plan obligations related to talent solutions operations are included in selling, general and administrative expenses, while the related investment income is presented separately. The non-GAAP financial adjustments shown in the table above are to reclassify investment income from investments held in employee deferred compensation trusts to the same line item that includes the corresponding change in obligation. These adjustments have no impact on income before income taxes.

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

COMBINED SEGMENT INCOME (UNAUDITED):

(in thousands)

The following tables provide reconciliations of the non-GAAP combined segment income to reported income before income
taxes for the three and six months ended June 30, 2024 and 2023:

Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

% of
Revenue

Income before income taxes

$ 96,462

6.6 %

$ 151,211

9.2 %

$ 187,149

6.3 %

$ 320,109

9.5 %

Interest income, net

(5,186)

(0.4 %)

(5,320)

(0.3 %)

(11,599)

(0.3 %)

(10,145)

(0.2 %)

Amortization of intangible assets

304

0.0 %

721

0.0 %

608

0.0 %

1,442

0.0 %

Combined segment income

$ 91,580

6.2 %

$ 146,612

8.9 %

$ 176,158

6.0 %

$ 311,406

9.3 %

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATES (%) (UNAUDITED):

Year-Over-Year Growth Rates

(As Reported)

Non-GAAP Year-Over-Year Growth Rates

(As Adjusted)

2023

2024

2023

2024

Global

Finance and accounting

-3.0

-11.0

-16.0

-17.2

-17.5

-13.6

-3.1

-10.8

-15.2

-17.8

-17.0

-13.5

Administrative and customer support

-23.0

-21.5

-18.7

-8.9

-9.8

-23.2

-23.0

-21.2

-19.4

-8.3

-9.8

Technology

-9.0

-16.7

-21.3

-21.7

-18.6

-13.1

-9.3

-16.2

-20.0

-21.8

-17.8

-13.1

Elimination of intersegment revenues (1)

-12.8

-16.5

-24.2

-26.6

-10.3

1.4

-12.7

-16.5

-23.8

-27.2

-9.9

1.3

Total contract talent solutions

-7.8

-14.3

-17.3

-17.2

-16.7

-14.5

-8.0

-14.0

-16.4

-17.7

-16.2

-14.4

Permanent placement talent solutions

-16.1

-25.4

-23.3

-22.0

-20.4

-12.2

-15.8

-25.0

-22.5

-22.6

-19.8

-12.0

Total talent solutions

-9.0

-15.9

-18.1

-17.8

-17.2

-14.2

-9.1

-15.6

-17.3

-18.3

-16.7

-14.0

Protiviti

4.6

-1.2

-6.0

-7.1

-6.1

-0.9

4.4

-1.0

-4.9

-7.5

-5.4

-0.9

Total

-5.4

-12.0

-14.7

-14.0

-10.2

-5.6

-11.7

-13.8

-15.2

-13.4

-10.1

United States

Contract talent solutions

-8.6

-16.0

-20.7

-20.5

-19.1

-15.7

-9.9

-15.9

-19.2

-20.3

-18.6

-15.8

Permanent placement talent solutions

-16.9

-26.2

-26.9

-22.6

-19.3

-11.5

-18.1

-26.1

-25.5

-22.5

-18.7

-11.7

Total talent solutions

-9.7

-17.4

-21.5

-20.7

-19.1

-15.2

-11.0

-17.2

-20.0

-20.6

-18.6

-15.3

Protiviti

7.5

-2.4

-7.4

-7.3

-4.8

3.3

5.9

-2.3

-5.6

-7.2

-4.2

3.1

Total

-5.2

-13.3

-17.5

-16.8

-14.9

-9.6

-6.6

-13.2

-15.9

-16.7

-14.3

-9.7

International

Contract talent solutions

-4.7

-7.6

-3.1

-4.4

-8.4

-10.0

-1.2

-6.2

-4.9

-7.5

-9.4

Permanent placement talent solutions

-14.0

-23.4

-13.0

-20.6

-23.2

-13.8

-10.5

-21.9

-14.2

-22.8

-22.1

-13.0

Total talent solutions

-6.4

-10.6

-4.8

-7.2

-10.8

-10.7

-2.9

-9.2

-6.6

-10.1

-9.9

-10.0

Protiviti

-5.7

3.3

0.3

-6.1

-11.3

-16.2

-1.5

4.2

-1.5

-8.9

-10.1

-15.9

Total

-6.2

-7.0

-3.5

-6.9

-10.9

-12.2

-2.5

-5.8

-5.3

-9.8

-10.0

-11.6

(1)

Service revenues for finance and accounting, administrative and customer support, and technology include intersegment revenues, which represent revenues from services provided to Protiviti in connection with the Company’s blended business solutions. Intersegment revenues for each functional specialization are aggregated and then eliminated as a single line item.

The non-GAAP financial measures included in the table above adjust for the following items:

Billing Days. The “As Reported” revenue growth rates are based upon reported revenues. Management calculates the billing day impact by dividing each comparative period’s reported revenues by the number of billing days for that period to arrive at a per billing day amount. Same billing day growth rates are then calculated based on the per billing day amounts. Management calculates a global, weighted-average number of billing days for each reporting period based upon input from all countries and all functional specializations and segments.

Foreign Currency Translation. The “As Reported” revenue growth rates are based upon reported revenues, which include the impact of changes in foreign currency exchange rates. The foreign currency impact is calculated by retranslating current period international revenues, using foreign currency exchange rates from the prior year’s comparable period.

The term “As Adjusted” means that the impact of different billing days and constant currency fluctuations are removed from the revenue growth rate calculation. A reconciliation of the non-GAAP year-over-year revenue growth rates to the “As Reported” year-over-year revenue growth rates is included herein, on Pages 10-12.

ROBERT HALF INC

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – GLOBAL

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Q1 2024

Q2 2024

Finance and accounting

As Reported

-3.0

-11.0

-16.0

-17.2

-17.5

-13.6

Billing Days Impact

-1.3

0.1

1.6

0.1

0.7

-0.3

Currency Impact

1.2

0.1

-0.8

-0.7

-0.2

0.4

As Adjusted

-3.1

-10.8

-15.2

-17.8

-17.0

-13.5

Administrative and customer support

As Reported

-23.0

-21.5

-18.7

-8.9

-9.8

Billing Days Impact

-1.1

0.1

1.4

0.2

0.8

-0.3

Currency Impact

0.9

-0.1

-1.1

-0.9

-0.2

0.3

As Adjusted

-23.2

-23.0

-21.2

-19.4

-8.3

-9.8

Technology

As Reported

-9.0

-16.7

-21.3

-21.7

-18.6

-13.1

Billing Days Impact

-1.3

0.1

1.5

0.1

0.7

-0.3

Currency Impact

1.0

0.4

-0.2

0.1

0.3

As Adjusted

-9.3

-16.2

-20.0

-21.8

-17.8

-13.1

Elimination of intersegment revenues

As Reported

-12.8

-16.5

-24.2

-26.6

-10.3

1.4

Billing Days Impact

-1.3

0.1

1.4

0.1

0.7

-0.3

Currency Impact

1.4

-0.1

-1.0

-0.7

-0.3

0.2

As Adjusted

-12.7

-16.5

-23.8

-27.2

-9.9

1.3

Total contract talent solutions

As Reported

-7.8

-14.3

-17.3

-17.2

-16.7

-14.5

Billing Days Impact

-1.3

0.1

1.6

0.2

0.6

-0.3

Currency Impact

1.1

0.2

-0.7

-0.1

0.4

As Adjusted

-8.0

-14.0

-16.4

-17.7

-16.2

-14.4

Permanent placement talent solutions

As Reported

-16.1

-25.4

-23.3

-22.0

-20.4

-12.2

Billing Days Impact

-1.1

0.1

1.5

0.1

0.7

-0.3

Currency Impact

1.4

0.3

-0.7

-0.1

0.5

As Adjusted

-15.8

-25.0

-22.5

-22.6

-19.8

-12.0

Total talent solutions

As Reported

-9.0

-15.9

-18.1

-17.8

-17.2

-14.2

Billing Days Impact

-1.2

0.1

1.5

0.2

0.6

-0.2

Currency Impact

1.1

0.2

-0.7

-0.1

0.4

As Adjusted

-9.1

-15.6

-17.3

-18.3

-16.7

-14.0

Protiviti

As Reported

4.6

-1.2

-6.0

-7.1

-6.1

-0.9

Billing Days Impact

-1.5

0.2

1.8

0.2

0.7

-0.3

Currency Impact

1.3

0.0

-0.7

-0.6

0.0

0.3

As Adjusted

4.4

-1.0

-4.9

-7.5

-5.4

-0.9

Total

As Reported

-5.4

-12.0

-14.7

-14.0

-10.2

Billing Days Impact

-1.4

0.2

1.6

0.1

0.7

-0.3

Currency Impact

1.2

0.1

-0.7

-0.6

-0.1

0.4

As Adjusted

-5.6

-11.7

-13.8

-15.2

-13.4

-10.1

ROBERT HALF INC

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – UNITED STATES

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Q1 2024

Q2 2024

Contract talent solutions

As Reported

-8.6

-16.0

-20.7

-20.5

-19.1

-15.7

Billing Days Impact

-1.3

0.1

1.5

0.2

0.5

-0.1

Currency Impact

―

As Adjusted

-9.9

-15.9

-19.2

-20.3

-18.6

-15.8

Permanent placement talent solutions

As Reported

-16.9

-26.2

-26.9

-22.6

-19.3

-11.5

Billing Days Impact

-1.2

0.1

1.4

0.1

0.6

-0.2

Currency Impact

―

As Adjusted

-18.1

-26.1

-25.5

-22.5

-18.7

-11.7

Total talent solutions

As Reported

-9.7

-17.4

-21.5

-20.7

-19.1

-15.2

Billing Days Impact

-1.3

0.2

1.5

0.1

0.5

-0.1

Currency Impact

―

As Adjusted

-11.0

-17.2

-20.0

-20.6

-18.6

-15.3

Protiviti

As Reported

7.5

-2.4

-7.4

-7.3

-4.8

3.3

Billing Days Impact

-1.6

0.1

1.8

0.1

0.6

-0.2

Currency Impact

―

As Adjusted

5.9

-2.3

-5.6

-7.2

-4.2

3.1

Total

As Reported

-5.2

-13.3

-17.5

-16.8

-14.9

-9.6

Billing Days Impact

-1.4

0.1

1.6

0.1

0.6

-0.1

Currency Impact

―

As Adjusted

-6.6

-13.2

-15.9

-16.7

-14.3

-9.7

ROBERT HALF INC.

NON-GAAP FINANCIAL MEASURES

REVENUE GROWTH RATE (%) RECONCILIATION (UNAUDITED):

Year-Over-Year Revenue Growth – INTERNATIONAL

Q1 2023

Q2 2023

Q3 2023

Q4 2023

Q1 2024

Q2 2024

Contract talent solutions

As Reported

-4.7

-7.6

-3.1

-4.4

-8.4

-10.0

Billing Days Impact

-1.7

0.6

1.8

0.1

1.5

-1.1

Currency Impact

5.2

0.8

-3.6

-3.2

-0.6

1.7

As Adjusted

-1.2

-6.2

-4.9

-7.5

-9.4

Permanent placement talent solutions

As Reported

-14.0

-23.4

-13.0

-20.6

-23.2

-13.8

Billing Days Impact

-1.6

0.5

1.6

0.1

1.3

-1.0

Currency Impact

5.1

1.0

-2.8

-2.3

-0.2

1.8

As Adjusted

-10.5

-21.9

-14.2

-22.8

-22.1

-13.0

Total talent solutions

As Reported

-6.4

-10.6

-4.8

-7.2

-10.8

-10.7

Billing Days Impact

-1.7

0.6

1.7

0.2

1.4

-1.0

Currency Impact

5.2

0.8

-3.5

-3.1

-0.5

1.7

As Adjusted

-2.9

-9.2

-6.6

-10.1

-9.9

-10.0

Protiviti

As Reported

-5.7

3.3

0.3

-6.1

-11.3

-16.2

Billing Days Impact

-1.7

0.7

1.8

0.2

1.4

-1.0

Currency Impact

5.9

0.2

-3.6

-3.0

-0.2

1.3

As Adjusted

-1.5

4.2

-1.5

-8.9

-10.1

-15.9

Total

As Reported

-6.2

-7.0

-3.5

-6.9

-10.9

-12.2

Billing Days Impact

-1.7

0.5

1.7

0.1

1.3

-1.0

Currency Impact

5.4

0.7

-3.5

-3.0

-0.4

1.6

As Adjusted

-2.5

-5.8

-5.3

-9.8

-10.0

-11.6

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SOURCE Robert Half

Technology

CasinoPartiesLLC.com Expands Premier Casino Party Rentals in Manhattan, NY — Authentic Tables, Professional Dealers, Custom Packages for Corporate & Private Events

Published

7 hours ago

May 2, 2026

Top-rated Manhattan casino party rental company offers fully staffed blackjack, roulette and craps experiences to elevate corporate events, weddings and private parties across New York City

MANHATTAN, N.Y., May 2, 2026 /PRNewswire-PRWeb/ — CasinoPartiesLLC.com, a leading provider of casino party rentals in Manhattan, NY, today announced expanded availability and new customizable event packages for corporate events, private parties, fundraisers and weddings throughout New York City. With authentic casino tables, professional and entertaining dealers, premium play-money chips and signage, CasinoPartiesLLC.com delivers a turnkey casino entertainment experience that brings the excitement of Las Vegas to Manhattan venues.

“CasinoPartiesLLC.com delivers authentic casino table rentals and professional dealers throughout Manhattan, NY — offering turnkey, customizable packages that transform corporate events, weddings and fundraisers into high‑energy, engaging experiences across Midtown, Chelsea and the Upper East Side.”

Focused on delivering safe, legal and memorable experiences, CasinoPartiesLLC.com offers:

Casino table rentals: blackjack, roulette, craps, poker tables sized for intimate and large gatheringsProfessional dealers and croupiers trained in guest interaction and game managementFully customizable packages: themed décor, tournament-style play, prize support, and multi-table setupsPortable, all-inclusive service: setup, teardown, on-site management, and event coordinationService across Manhattan neighborhoods and greater NYC, including Midtown, Upper East Side, Chelsea, and downtown venues

“Our Manhattan clients want authentic casino entertainment without the hassle of sourcing equipment or personnel,” said Ismael Qureshi, CEO of CasinoPartiesLLC.com. “We specialize in seamless casino party rentals in Manhattan, NY, providing professional dealers and tailored packages that fit corporate budgets and private event needs while complying with local regulations.”

Benefits for Manhattan event planners and hosts:

Boost guest engagement with interactive casino entertainmentEasy logistics with single-vendor solutions for gaming, staffing and prize handlingScalable options for small private parties to large corporate galasProven experience executing events in Manhattan hotels, event spaces and private residences

Booking and availability:

CasinoPartiesLLC.com is currently accepting bookings for summer and fall events across Manhattan and greater New York City. Early reservations are recommended to secure preferred dates, table counts and themed packages.

About CasinoPartiesLLC.com:

CasinoPartiesLLC.com is a premier provider of casino party rentals in Manhattan, NY and the New York City area. Specializing in staffed casino tables, custom event packages and professional service, CasinoPartiesLLC.com helps event planners and hosts create high-energy, memorable experiences for corporate functions, weddings, fundraisers and private celebrations. For more information or to request a quote, visit https://www.CasinoPartiesLLC.com.

Media contact:

Ismael Qureshi

President

CasinoPartiesLLC.com

Phone: (917) 829-8481

Email: Sales@casinopartiesLLC.com

Website: https://www.CasinoPartiesLLC.com

Media Contact

Ismael Qureshi, ISH Events LLC, 1 (917) 829-8481, Ismael@CasinoPartiesLLC.com, CasinoPartiesLLC.com

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SOURCE CasinoPartiesLLC.com

Technology

PS Hogan highlights investments from Spring Economic Update 2026: Canada Strong for All to support Canada’s sport system

Published

9 hours ago

May 2, 2026

CALGARY, AB, May 2, 2026 /CNW/ – In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders and our way of life.

We delivered concrete savings for Canadians while supporting key national priorities and keeping investments focused on results. We are maintaining a strong fiscal position, with the Spring Economic Update 2026 showing that projected deficits are lower over the fiscal horizon and that we are on track to meet our fiscal anchors.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All. It provides a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Today, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation, met with athletes at Foothills Athletic Park to highlight key investments in sport from the Spring Economic Update to build stronger and safer communities.

The Government of Canada is investing $755 million to support and expand Canada’s sport system, which will help athletes safely train and perform at the highest levels. This will increase sport participation across the country by strengthening national sport organizations, infrastructure and local sport communities.

Canada’s new government is transforming our economy from reliance to resilience. The Spring Economic Update 2026 ensures all Canadians can participate in building Canada strong and share in its success. Other key measures include:

The Canada Strong Fund — Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies. While Canadians will benefit from these nation building projects through jobs, economic growth and greater security, the government is determined to ensure that Canadians also have a stake in the projects themselves. That’s why a unique and important feature of the Canada Strong Fund will be its new retail investment product. This allows Canadians to receive financial returns as we build Canada strong together.Team Canada Strong — a new nationwide effort to recruit, train and hire 80,000 to 100,000 new skilled trade workers by 2030–31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.Building Stronger Communities — by making communities safer, more connected and more resilient. We are building more homes, getting tougher on crime and fraud and funding essential infrastructure, including small craft harbours that sustain coastal communities and local jobs. We are also investing to build healthier, safer and stronger Indigenous communities.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quote

“The Spring Economic Update 2026 builds on the momentum of our budget, combining strategic investments with sustained fiscal discipline to keep building Canada Strong for All — delivering prosperity today and strengthening our economy for tomorrow. At this pivotal moment in Canada’s history, we’re charting a course through the fog of uncertainty and global headwinds with strength, determination and ambition — and building one strong Canadian economy, by Canadians, for Canadians.”
— The Honourable François-Philippe Champagne, Minister of Finance and National Revenue

“The Government of Canada is building Canada Strong by investing in what brings us together — our people, our communities and our athletes. By strengthening the foundation of Calgary and Canada’s sport system, we are building a resilient economy and strong communities for all.”
— Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation

Quick Facts

The Spring Economic Update 2026 proposes to provide $755 million over five years, starting in 2026–27, and $118 million ongoing to Canadian Heritage to support Canada’s sport system to: Host and compete with the best: $50 million over five years to bring more world-class sporting events to Canada. Funding will be tied to legacy-building projects that deliver lasting benefits well beyond the events themselves. Facilities built or upgraded for major events will continue to serve communities, support grassroots participation and strengthen local sport systems for years to come. Support our athletes in performing at the highest levels: $45 million over five years and $8 million ongoing to help our athletes train, compete and perform, including support for better mental health and funding that will be linked to robust safe sport measures and frameworks. These actions will strengthen the sport system and respond to some of the findings of the Final Report of the Future of Sport in Canada Commission while the government continues to consider all of its Calls to Action. Get more Canadians involved in sport: $660 million over five years and $110 million ongoing for National Sport Organisations, increasing funding that has remained largely unchanged since 2005, so that they can invest in a strong and safe sport system and grow participation among children and youth nationwide.

Technology

POVADDO AND PROLEGIS ANNOUNCE STRATEGIC PARTNERSHIP TO EXPAND ACCESS TO PUBLIC POLICY PROFESSIONALS FOR OPINION RESEARCH

Published

11 hours ago

May 2, 2026

Partnership connects policy professionals using Prolegis’ modernized Congressional platform with Povaddo’s exclusive paid research panel, combining forces to serve the policymaking community

ST. LOUIS and WASHINGTON, May 2, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, has announced a strategic partnership with Prolegis, a nonpartisan technology platform serving thousands of policy professionals in Congress and the advocacy community. The partnership will expand the reach of the Povaddo Panel—an exclusive network of nearly 5,000 public policy professionals worldwide—while providing Prolegis users new opportunities to contribute their expertise to policy research.

Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, the platform serves as a natural intersection where policy professionals and issue advocacy campaigns meet, making it an ideal environment for connecting researchers with the experts shaping public policy.

Beginning this month, users of the Prolegis platform will be invited to join the Povaddo Panel and become eligible to participate in research studies tailored specifically for public policy professionals.

“There is no shortage of so-called ‘expert network’ firms, but Povaddo is setting the standard when it comes to building the most rigorous and credible network of public policy professionals in the U.S. and beyond,” said William Stewart, President of Povaddo. “What makes Prolegis the right partner is the quality and relevance of their community—these are precisely the professionals our clients most want to hear from. Prolegis users are actively engaged in policy work daily, making them ideal participants for our research studies. This partnership will meaningfully accelerate our efforts.”

“Prolegis exists to serve the policy community with tools that make their work more effective,” said Jim Gianiny, CEO of Prolegis. “Partnering with Povaddo allows our users to contribute their expertise in a new way and take part in rigorous research that helps organizations better understand the policy landscape. It’s a natural extension of what our platform already does: connecting policy professionals with the resources and opportunities that matter to their work.”

Launched in 2018, the Povaddo Panel was built to meet growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including over 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress.

This partnership is part of a broader period of momentum for Povaddo. The company recently announced it is launching a quarterly omnibus survey among public policy professionals in the United States and Europe.

“Companies and other organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new way of doing that. Our new omnibus survey among public policy professionals fills an important need in the research services marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service among public policy professionals.

Additionally, Povaddo recently released select findings from its survey of public policy professionals in the U.S. and Europe regarding their attitudes towards AI. In an era when political consensus is elusive, this study finds widespread agreement within policy communities on both sides of the Atlantic that government regulation of AI should be increased.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations seeking to navigate complex issues management, strategic communications, corporate reputation, and business transformation challenges. Most of the firm’s clients sit within external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, business planning and strategy. For more information, please visit www.povaddo.com.

About Prolegis: Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, Prolegis delivers innovative solutions, efficient tools, and engaging content, all on one easy-to-use platform. The platform serves Congressional staff, think tank scholars, and public affairs professionals, creating a unique intersection where policy expertise and advocacy meet. For more information, please visit www.prolegis.com.

Media Inquiries: William Stewart, +1 (855) 768-2336, stewart@povaddo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/povaddo-and-prolegis-announce-strategic-partnership-to-expand-access-to-public-policy-professionals-for-opinion-research-302760432.html

SOURCE POVADDO LLC