Slide 1: Q1 2025 Financial Results Conference Call
Q1 2025 Financial Results Conference Call Prepared Remarks From: M. Keith Waddell, President and Chief Executive Officer, Robert Half Inc. Michael C. Buckley, Chief Financial Officer, Robert Half Inc. April 23, 2025 1
Slide 2: First-Quarter 2025 Financial Results Conference Call Prepared Remarks
First-Quarter 2025 Financial Results Conference Call Prepared Remarks April 23, 2025 Disclaimer The statements made in the conference call speak only as of the date made, and listeners are cautioned that changes in general economic, business or other conditions or in the business condition, financia
Slide 3: CEO remarks: first-quarter 2025 results overview
expenses; and adjusted operating income by combining the gains and losses on investments held to fund the Company’s obligations under employee deferred compensation plans with the changes in the underlying deferred compensation obligations. Since the gains and losses from investments and the changes
Slide 4: CFO remarks: Revenues
Now I’ll turn the call over to our CFO, Mike Buckley. Michael C. Buckley, CFO, Robert Half: Revenues Thank you, Keith. Hello, everyone. As Keith noted, global revenues were $1.352 billion in the first quarter. On an adjusted basis, first-quarter talent solutions revenues were down 11 percent year ov
Slide 5: Permanent placement and gross margin
Our permanent placement revenues were 12.8 percent of consolidated talent solutions revenues in the current quarter, and 12.3 percent in the first quarter of 2024. When combined with contract talent solutions gross margin, overall gross margin for talent solutions was 46.7 percent, compared to 47.0
Slide 6: Deferred compensation trust loss, tax rate, accounts receivable
Loss from investments held in employee deferred compensation trusts Our first-quarter 2025 income statement includes a $20 million loss from investments held in employee deferred compensation trusts. This is completely offset by an equal reduction of employee deferred compensation costs, which are r
Slide 7: Guidance Assumptions
Guidance Assumptions Midpoint revenues of $1.36 billion are 7 percent lower than the same period in 2024 on an adjusted basis. On a sequential basis, mid-point estimated Q2 revenues are down 4 percent. For the most recent six-week period ended April 11, weekly sequential revenues have remained essen
Slide 8: CEO closing remarks: cost actions and outlook
M. Keith Waddell, President and Chief Executive Officer, Robert Half: Thank you, Mike. U.S. trade and other policy uncertainty has caused many economists to lower their economic growth forecasts for the remainder of the year. Business confidence levels, which had surged following the U.S. elections,
Slide 9: Q&A Session
We hold steadfast to our time-tested corporate purpose—to connect people to meaningful and exciting work and provide clients with the talent and consulting expertise they need to confidently compete and grow. We’d like to thank our employees across the globe for their resilience and unwavering commi