Q1 2026 Robert Half Inc Earnings Call Transcript
Key Points
- Robert Half Inc (RHI) reported global enterprise revenues of $1.3 billion for the first quarter of 2026, with talent solutions showing positive sequential growth.
- The company distributed a $0.59 per share cash dividend, totaling $62 million, demonstrating a commitment to returning value to shareholders.
- Protiviti's non-US revenues increased by 8% year-over-year, indicating strong international performance.
- The company is well-positioned to capitalize on emerging opportunities due to its industry-leading brand, people, technology, and unique business model.
- Robert Half Inc (RHI) was recognized as one of America's most innovative companies by Fortune and one of the Fortune 100 best companies to work for, highlighting its strong corporate culture.
- Global enterprise revenues were down 4% from the previous year's first quarter on a reported basis and down 6% on an adjusted basis.
- Net income per share decreased to $0.14 from $0.17 in the first quarter of the previous year, impacted by a seasonally elevated tax rate.
- Cash flow used in operations was $112 million, with cash outflows seasonally elevated due to annual payment cycles.
- Protiviti's US revenues were down 6% year-over-year, reflecting challenges in the domestic market.
- The company faced a high first-quarter tax rate of 56%, primarily due to a tax charge related to employee stock-based compensation grants.
Hello and welcome to the Robert Half first quarter 2026 conference call. Today's conference call is being recorded. (Operator Instructions) Our hosts for today's call are Mr. Keith Waddell, President and Chief Executive Officer Robert Half; and Mr. Michael Buckley. Chief Financial Officer.
Mr. Waddell, you may begin.
Hello, everyone. We appreciate your time today. Before we get started, I'd like to remind you that the comments made on today's call contain forward-looking statements, including predictions and estimates about our future performance.
These statements represent our current judgment of what the future holds. However, they are subject to the risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties are described in today's press release and our most recent 10-K and 10-Q filed with the SEC. We assume no obligation to update the statements made on today's call.
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