Robert Half International (RHI) Tops Q1 EPS by 19c

Robert Half International (NYSE: RHI) reported Q1 EPS of $0.98, $0.19 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.35 billion.

"We are extremely pleased that our first quarter results exceeded the high end of our guidance and reflect a broad-based recovery that is well under way," said M. Keith Waddell, president and CEO of Robert Half. "Protiviti\s revenues grew 35 percent year-on-year, reflecting continued momentum across its wide array of service offerings, including very strong managed solutions with staffing. This is Protiviti\'s 14th consecutive quarter of year-on-year revenue gains. Our staffing operations significantly outperformed their historical sequential trends, led by small- and medium-size businesses and permanent placement, which grew 22 percent sequentially.\"

Waddell continued, "We are experiencing a faster early-cycle recovery than we have seen in the past which positions us well for future growth. As always, the strength of our brands, people, technology and business model will drive our continued success. Our employees have made possible many great accolades, including very recent inclusion on FORTUNE's '100 Best Companies to Work For®' and Forbes' 'America\'s Best Employers for Diversity' lists for 2021.

"Return on invested capital for the company was 37 percent in the first quarter," Waddell concluded.

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

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