Robert Half Inc. reported first-quarter 2025 net income of $17 million, or $0.17 per share, on revenues of $1.352 billion. This represents a substantial decline from Q1 2024, which saw net income of $64 million, or $0.61 per share, on revenues of $1.476 billion. Global enterprise revenues were down 8% on a reported basis and 6% on an adjusted basis year-over-year.
The company's net income was reduced by $0.13 per share due to one-time charges related to cost actions aimed at reducing ongoing administrative expenses. Management cited moderated business confidence, heightened economic uncertainty over U.S. trade and policy developments, and elongated client and job seeker decision cycles as factors subduing hiring activity and new project starts.
For the second quarter of 2025, Robert Half provided significantly weaker guidance, projecting revenues between $1.31 billion and $1.41 billion, with a midpoint of $1.36 billion, representing a 7% adjusted year-over-year decline. Diluted earnings per share are expected to be between $0.37 and $0.47, with the midpoint falling approximately 26% below Wall Street expectations of $0.58. The company initiated administrative headcount reductions in March and April, expected to generate $80 million in annual savings.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.