PR Newswire (07/24/12)

Robert Half International Inc. has reported revenues and earnings for the second quarter ended June 30, 2012. Net income was $45.3 million, or $.32 per share, on revenues of $1.03 billion. Net income and income per share this quarter were reduced by $8.1 million, or $.06 per share, related to a nonrecurring litigation settlement and the resolution of certain tax matters disclosed in the company’s July 5, 2012, Form 8-K filing. Net income for the prior year’s second quarter was $36.4 million, or $.25 per share, on revenues of $938.0 million.

For the six months ended June 30, 2012, net income was $93.7 million, or $.67 per share, on revenues of $2.04 billion. For the six months ended June 30, 2011, net income was $63.1 million, or $.43 per share, on revenues of $1.82 billion.

“Demand for our specialized staffing and consulting services remained strong during the quarter, particularly in our U.S. staffing operations, which grew 17% versus the prior year,” said Harold M. Messmer Jr., chairman and chief executive officer of Robert Half International. “Gross margins continued to expand with an increasing mix of permanent placement and temporary-to-hire conversion revenues.”

Barrett Business Services News Release (07/24/12)

Barrett Business Services Inc. has reported financial results for the second quarter ended June 30, 2012. Net revenues in the second quarter of 2012 increased 26% to $95.5 million, compared with $76.0 million in the second quarter of 2011. Gross revenues in the second quarter of 2012 increased 35% to $494.1 million, compared with $366.9 million in the second quarter of 2011.

Net income in the second quarter of 2012 was $3.7 million or $0.53 per diluted common share, compared with net income of $3.4 million or $0.34 per diluted common share in the year-ago quarter. “The 35% increase in gross revenues represents our tenth consecutive quarter of year-over-year double-digit sales growth and an all-time record level of quarterly gross revenue,” said Michael Elich, president and chief executive officer of BBSI. “The results of another record quarter are attributed to the return we are realizing from our investment back into the organization, which is supporting continued pipeline growth and rewarding execution in the field.”

Mastech Holdings News Release (07/25/12)

Mastech Holdings Inc. has announced its financial results for the second quarter ended June 30, 2012. Revenues for the second quarter were $25.3 million, which represented a 14% increase over the corresponding quarter last year and approximately a 4% improvement over first-quarter 2012 results. Gross profit in the second quarter of 2012 totaled $4.8 million compared with $4.4 million in the second quarter of 2011. Consolidated net income for the second quarter of 2012 totaled $458,000, or $0.14 per diluted share, compared with $382,000, or $0.10 per diluted share, in the same period last year.

Demand for the company’s staffing services remained solid during the second quarter as the company grew its information technology billable consultant-base by 5% and achieved sequential revenue growth for the eighth consecutive quarter in its health care staffing business. Overall gross margins in the second quarter showed a marked improvement over the previous quarter, but continued to be impacted negatively by emerging supply-side pricing pressures in the marketplace.

Wall Street Journal (07/24/12) Jon Hilsenrath

Continued sluggish economic growth and high unemployment have U.S. Federal Reserve officials anxious about what new steps should be taken to spur activity and hiring. Since the June policy meeting, members of the committee have testified and spoken about the increased need for action, but officials are still unsure of when and how to move. Officials will meet July 31-Aug. 1 and could make a decision to spur economic growth at that time or wait until their September meeting after accumulating additional information about the pace of growth and job gains.

Meanwhile, the U.S. Commerce Department is expected to report that the economy grew at a rate below 2% in the second quarter after just a 1.9% expansion in the first quarter. The unemployment rate has moved little since January and remained at 8.2% in June.