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Robert Half International Inc. Reports Operating Results (10-Q)

November 04, 2011 | About:
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10qk

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Robert Half International Inc. (RHI) filed Quarterly Report for the period ended 2011-09-30.

Robert Half International Inc. has a market cap of $3.93 billion; its shares were traded at around $27.16 with a P/E ratio of 29.8 and P/S ratio of 1.2. The dividend yield of Robert Half International Inc. stocks is 2%. Robert Half International Inc. had an annual average earning growth of 23% over the past 10 years.
This is the annual revenues and earnings per share of RHI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RHI.


Highlight of Business Operations:

Temporary and consultant staffing services revenues were $795 million for the three months ended September 30, 2011, increasing by 20% compared to revenues of $661 million for the three months ended September 30, 2010. On a constant-currency basis, temporary and consultant staffing services revenues increased 18% for the third quarter of 2011 compared to the third quarter of 2010. In the U.S., revenues in the third quarter of 2011 increased 17% compared to the third quarter of 2010. On a constant-currency basis, the Company’s revenues from foreign operations increased 19% in the third quarter of 2011 compared to the third quarter of 2010.

Operating Income. The Company’s total operating income was $72 million, or 7.3% of revenues, for the three months ended September 30, 2011, increasing by 94% from $37 million, or 4.5% of revenues, for the three months ended September 30, 2010. For the Company’s temporary and consultant staffing services division, operating income was $61 million, or 7.7% of applicable revenues, up from $32 million, or 4.8% of applicable revenues, in the third quarter of 2010. For the Company’s permanent placement staffing division, operating income was $8 million, or 9.8% of applicable revenues, up from an operating income of $5 million, or 8.9% of applicable revenues, in the third quarter of 2010. For the Company’s risk consulting and internal audit services division, operating income was $3 million, or 2.9% of applicable revenues, up from an operating income of $0.1 million, or 0.1% of applicable revenues, in the third quarter of 2010.

Temporary and consultant staffing services revenues were $2.3 billion for the nine months ended September 30, 2011, increasing by 20% compared to revenues of $1.9 billion for the nine months ended September 30, 2010. On a constant-currency basis, temporary and consultant staffing services revenues increased 18% for the first three quarters of 2011 compared to the first three quarters of 2010. In the U.S., revenues in the first three quarters of 2011 increased 17% compared to the first three quarters of 2010. For the Company’s foreign operations, constant-currency revenues in the first three quarters of 2011 increased 21% compared to the first three quarters of 2010.

Risk consulting and internal audit services revenues were $314 million for the nine months ended September 30, 2011, increasing by 12% compared to revenues of $282 million for the nine months ended September 30, 2010. On a constant-currency basis, risk consulting and internal audit services revenues increased 9% for the first three quarters of 2011 compared to the first three quarters of 2010. Contributing to the increase was higher demand in U.S. In the U.S., revenues in the first three quarters of 2011 increased 13% compared to the first three quarters of 2010. For the Company’s foreign operations, constant-currency revenues in the first three quarters of 2011 increased 1% compared to the first three quarters of 2010.

Operating Income. The Company’s total operating income was $178 million, or 6.3% of revenues, for the nine months ended September 30, 2011, increasing by 147% from $72 million, or 3.1% of revenues, for the nine months ended September 30, 2010. For the Company’s temporary and consultant staffing services division, operating income was $146 million, or 6.4% of applicable revenues, up from $72 million, or 3.9% of applicable revenues, in the first three quarters of 2010. For the Company’s permanent placement staffing division, operating income was $29 million, or 13.0% of applicable revenues, up from operating income of $14 million, or 8.5% of applicable revenues, in the first three quarters of 2010. For the Company’s risk consulting and internal audit services division, operating income was $3 million, or 0.8% of applicable revenues, up from an operating loss of $14 million, or negative 5.1% of applicable revenues, in the first three quarters of 2010.

Read the The complete Report

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