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Robert Half U.S. Staffing Revenue Up 10%

October 19 2012

Third-quarter U.S. staffing revenue at Robert Half International Inc. (NYSE: RHI) rose 10.4 percent year over year to $674 million. However, international staffing revenue fell 8.9 percent to $240 million.

“In our staffing operations, our U.S. offices are seeing rising demand for professional staffing and consulting services. This was evidenced by solid growth rates for account temps in Robert Half Management Resources during the quarter. Demand for flexible staffing solutions also has remained strong,” said Chairman and CEO Harold “Max” Messmer Jr. in a conference call with analysts.

Third-quarter global revenue — including staffing as well as risk consulting and auditing services — rose 4.9 percent on a year-over-year basis to $1.03 million. On a same-day, constant currency basis, global staffing revenue rose 8 percent year-over-year, with the United States growing by 12 percent and international locations declining 1 percent on this basis.

Global third-quarter gross margin improved to 40.2 percent from 39.8 percent in the year-ago quarter.

Robert Half posted net income of $57.7 million, up 30.5 percent from $44.2 million in the same period last year.

The company estimates fourth-quarter revenue of $1.01 billion to $1.06 billion, a year-over-year increase of between 3.8 percent and 8.9 percent.

Menlo Park, Calif.-based Robert Half ranks as the world’s ninth-largest staffing firm.

Robert Half International Inc. (NYSE: RHI)
 For the third quarter ended Sept. 30, 2012, compared with the year-ago period.
 Revenue: $1.03 billion, +4.9 percent
 Net income: $57.7 million, +30.5 percent

Click on chart below to enlarge.

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