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Robert Half International Reports Second-Quarter Financial Results

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.”