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.
