Robert Half Inc. reported fourth-quarter 2024 net income of $54 million, or $0.53 per share, on revenues of $1.382 billion, a decrease from $87 million, or $0.83 per share, on revenues of $1.473 billion in Q4 2023. For the full year 2024, net income was $252 million ($2.44 per share) on revenues of $5.796 billion, down from $411 million ($3.88 per share) on $6.393 billion in 2023.
Protiviti, the company's consulting arm, reported year-on-year revenue growth for the second consecutive quarter, with global Q4 revenues up 5% on an adjusted basis. Management noted a significant rise in U.S. business confidence following recent elections, and contract revenues remained stable for 23 consecutive weeks prior to the holidays.
For the first quarter of 2025, Robert Half provided guidance with projected revenues between $1.35 billion and $1.45 billion, representing a 3% adjusted year-over-year decline at the midpoint. Diluted earnings per share are expected to be between $0.47 and $0.61. The company also reported $155 million in cash flow from operations and repurchased approximately 1 million shares for $77 million during the quarter.
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