Robert Half International (RHI) Tops Q1 EPS by 2c, Revenues Beat

Robert Half International (NYSE: RHI) reported Q1 EPS of $0.79, $0.02 better than the analyst estimate of $0.77. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.45 billion.

M. Keith Waddell, president and CEO of Robert Half, said, "While our financial results through the first half of March were strong and above plan, the second half of March began to reflect the COVID-19 impact on our business, particularly our staffing operations. Our Robert Half Technology and Robert Half Management Resources divisions turned in solid results in the first quarter, notwithstanding this."

Commenting on the company\'s Protiviti subsidiary, Waddell said, "Protiviti had another very strong quarter, posting double-digit, year-on-year revenue gains for the eighth consecutive quarter. Protiviti saw broad strength across its diversified service offerings, including internal audit, technology consulting and regulatory compliance consulting, as well as services provided jointly with staffing.

"Return on invested capital for the company was 32 percent in the first quarter," Waddell said.

For earnings history and earnings-related data on Robert Half International (RHI) click here.

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