Robert Half Inc Stock Price, News & Analysis

Robert Half has announced the promotion of Alexandra Von Tiergarten and Tony Uyehara to district presidents, effective immediately. Von Tiergarten, who has been with the company since 2003, will oversee professional talent solutions in California and the Southwestern U.S., focusing on finance, healthcare, and consulting. Uyehara, with nearly 20 years at Robert Half, will manage operations for management resources in Northern and Southern California, Arizona, and Utah. Their leadership is expected to enhance talent matching and consulting services in these regions, reinforcing Robert Half's position in the talent solutions market.

Robert Half International Inc. (NYSE: RHI) reported its Q4 2022 results, revealing net income of $148 million, or $1.37 per share, on revenues of $1.727 billion. This marks a decrease from the prior year's Q4 net income of $168 million and revenues of $1.770 billion. For the full year 2022, the company achieved net income of $658 million, or $6.03 per share, with revenues of $7.238 billion, up from $599 million and $6.461 billion in 2021. CEO M. Keith Waddell noted that all major practice areas hit record levels, and the company remains optimistic in navigating the current economic environment.

Robert Half International Inc. (NYSE: RHI) announced it will release its fourth-quarter 2022 earnings on January 26, 2023, at 4:05 p.m. EST. A conference call will follow at 5 p.m. EST, with a dial-in for participants recommended 15 minutes prior. The replay of the call will be accessible starting at 8 p.m. EST on the same day until February 23. Founded in 1948, Robert Half is the largest specialized talent solutions firm and operates over 400 locations worldwide. The firm connects skilled job seekers with companies, providing solutions in various fields including finance, technology, and marketing.

Protiviti has promoted 53 leaders, including 47 to managing director and 6 to senior director roles, across various solution groups such as Internal Audit, Risk and Compliance, and Technology Consulting. The promotions acknowledge the substantial contributions of these individuals in their fields. CEO Joseph Tarantino emphasized the firm's commitment to advancing employee careers and maintaining exceptional client service. Protiviti, a global consulting firm, operates over 85 offices worldwide and has been recognized among Fortune's 2022 Best Companies to Work For. It serves numerous Fortune 100 and 500 companies and is a subsidiary of Robert Half (NYSE: RHI).

The UN's Executive Secretary, Ibrahim Thiaw, emphasizes the need for businesses to transition from a linear to a circular economy to address climate change and resource depletion in an interview with Protiviti. He warns that failing to act could lead to a $23 trillion loss by 2050 due to land degradation. A shift towards sustainable practices could generate economic returns of $140 trillion annually. Thiaw calls for private sector investment in sustainable land management, highlighting the potential for businesses to drive positive environmental change and achieve long-term profitability.

On December 15, 2022, Protiviti announced its acquisition of R2integrated (R2i), a digital experience agency, to enhance its digital transformation services. R2i, a Gold Level Adobe Solution partner based in Baltimore, has around 75 employees who will join Protiviti. This strategic move aims to integrate R2i's expertise in customer experience and Adobe platforms into Protiviti’s digital solutions, enhancing client offerings. The combined capabilities are expected to bolster customer engagement and support businesses in navigating the evolving digital landscape.

Research from Robert Half indicates growing job optimism among U.S. workers despite economic uncertainty. The Job Optimism Survey, which included over 2,500 professionals, reveals that 46% are currently seeking or planning to seek new roles in early 2023, an increase from 41% previously. Key motivators for job changes include higher salaries (61%) and better benefits (37%). Notably, younger professionals (ages 18-25) and those in HR are most likely to make career moves. The survey emphasizes the importance for employers to refine hiring practices to attract talent.