Robert Half has operations in more than 400 locations worldwide.
ATTACHED:
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Summary of Operations
Supplemental Financial Information
Non-GAAP Financial Measures
|
Quarter Ended June 30, | Six Months Ended June 30, | |||||||
2021 | 2020 | 2021 | 2020 | |||||
(Unaudited) | (Unaudited) | |||||||
Service revenues | $ | 1,580,581 | $ | 1,108,326 | $ | 2,978,961 | $ | 2,615,017 |
Costs of services | 915,709 | 691,791 | 1,752,378 | 1,584,094 | ||||
Gross margin | 664,872 | 416,535 | 1,226,583 | 1,030,923 | ||||
Selling, general and administrative expenses (1) | 488,093 | 407,213 | 911,155 | 850,081 | ||||
(Income) loss from investments held in employee deferred compensation
trusts (which is completely offset by related costs and expenses) (1)
| (27,810) | (48,927) | (39,797) | (8,551) | ||||
Amortization of intangible assets | 576 | 330 | 1,152 | 668 | ||||
Interest expense (income), net | 151 | (105) | 105 | (1,062) | ||||
Income before income taxes | 203,862 | 58,024 | 353,968 | 189,787 | ||||
Provision for income taxes | 54,649 | 11,828 | 94,157 | 53,676 | ||||
Net income | $ | 149,213 | $ | 46,196 | $ | 259,811 | $ | 136,111 |
Diluted net income per share | $ | 1.33 | $ | .41 | $ | 2.32 | $ | 1.20 |
Shares: | ||||||||
Basic | 110,861 | 112,865 | 111,141 | 113,026 | ||||
Diluted | 111,889 | 113,121 | 112,191 | 113,489 |
Six Months Ended June 30, | ||||
2021 | 2020 | |||
(Unaudited) | ||||
SELECTED CASH FLOW INFORMATION: | ||||
Depreciation | $ | 27,715 | $ | 31,509 |
Capitalized cloud computing implementation costs | $ | 16,236 | $ | 18,846 |
Capital expenditures | $ | 16,114 | $ | 22,264 |
Open market repurchases of
common stock (shares)
| 1,514 | 983 |
June 30, | ||||
2021 | 2020 | |||
(Unaudited) | ||||
SELECTED BALANCE SHEET INFORMATION: | ||||
Cash and cash equivalents | $ | 542,805 | $ | 501,485 |
Accounts receivable, net | $ | 907,947 | $ | 665,409 |
Total assets | $ | 2,741,368 | $ | 2,402,377 |
Total current liabilities | $ | 1,196,312 | $ | 977,167 |
Total stockholders' equity | $ | 1,259,250 | $ | 1,156,706 |
2019 | 2020 | 2021 | ||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |||||||||||
SERVICE REVENUES: | ||||||||||||||||||||
Accountemps | $ | 490,084 | $ | 494,582 | $ | 501,905 | $ | 498,650 | $ | 489,884 | $ | 331,542 | $ | 351,598 | $ | 385,000 | $ | 417,116 | $ | 453,342 |
OfficeTeam | 252,633 | 261,952 | 267,023 | 259,147 | 239,979 | 136,299 | 173,685 | 214,985 | 220,467 | 263,192 | ||||||||||
Robert Half Technology | 182,426 | 189,461 | 195,630 | 198,314 | 196,652 | 162,028 | 161,007 | 175,730 | 172,239 | 194,233 | ||||||||||
Robert Half Management
Resources
| 196,003 | 195,236 | 200,421 | 201,097 | 211,878 | 165,031 | 154,917 | 167,116 | 183,271 | 210,550 | ||||||||||
Elimination of intersegment revenues | (36,519) | (38,519) | (46,518) | (50,883) | (46,273) | (41,514) | (59,816) | (92,393) | (103,818) | (143,036) | ||||||||||
Temporary and consultant staffing
| 1,084,627 | 1,102,712 | 1,118,461 | 1,106,325 | 1,092,120 | 753,386 | 781,391 | 850,438 | 889,275 | 978,281 | ||||||||||
Permanent placement staffing | 131,562 | 140,894 | 134,582 | 126,394 | 120,489 | 71,030 | 87,203 | 91,387 | 111,703 | 143,640 | ||||||||||
Protiviti | 252,341 | 272,779 | 299,089 | 304,666 | 294,082 | 283,910 | 321,303 | 362,261 | 397,402 | 458,660 | ||||||||||
Total | $ | 1,468,530 | $ | 1,516,385 | $ | 1,552,132 | $ | 1,537,385 | $ | 1,506,691 | $ | 1,108,326 | $ | 1,189,897 | $ | 1,304,086 | $ | 1,398,380 | $ | 1,580,581 |
Quarter Ended June 30, | Relationships | |||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||
Reported | Adjustments | Adjusted (1) | Reported | Adjustments | Adjusted (1) | Reported | Adjusted | |||||||||||||
SERVICE REVENUES: | ||||||||||||||||||||
Accountemps | $ | 453,342 | $ | - | $ | 453,342 | $ | 331,542 | $ | - | $ | 331,542 | 28.6 | % | 29.9 | % | 28.6 | % | 29.9 | % |
OfficeTeam | 263,192 | - | 263,192 | 136,299 | - | 136,299 | 16.7 | % | 12.3 | % | 16.7 | % | 12.3 | % | ||||||
Robert Half Technology | 194,233 | - | 194,233 | 162,028 | - | 162,028 | 12.3 | % | 14.6 | % | 12.3 | % | 14.6 | % | ||||||
Robert Half Management
Resources
| 210,550 | - | 210,550 | 165,031 | - | 165,031 | 13.3 | % | 14.9 | % | 13.3 | % | 14.9 | % | ||||||
Elimination of intersegment
revenues
| (143,036) | - | (143,036) | (41,514) | - | (41,514) | (9.0 | %) | (3.7 | %) | (9.0 | %) | (3.7 | %) | ||||||
Temporary and consultant staffing
| 978,281 | - | 978,281 | 753,386 | - | 753,386 | 61.9 | % | 68.0 | % | 61.9 | % | 68.0 | % | ||||||
Permanent placement staffing | 143,640 | - | 143,640 | 71,030 | - | 71,030 | 9.1 | % | 6.4 | % | 9.1 | % | 6.4 | % | ||||||
Protiviti
| 458,660 | - | 458,660 | 283,910 | - | 283,910 | 29.0 | % | 25.6 | % | 29.0 | % | 25.6 | % | ||||||
Total | $ | 1,580,581 | $ | - | $ | 1,580,581 | $ | 1,108,326 | $ | - | $ | 1,108,326 | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % |
GROSS MARGIN: | ||||||||||||||||||||
Temporary and consultant staffing
| $ | 388,070 | $ | - | $ | 388,070 | $ | 279,302 | $ | - | $ | 279,302 | 39.7 | % | 37.1 | % | 39.7 | % | 37.1 | % |
Permanent placement staffing | 143,454 | - | 143,454 | 70,906 | - | 70,906 | 99.9 | % | 99.8 | % | 99.9 | % | 99.8 | % | ||||||
Protiviti
| 133,348 | 4,153 | 137,501 | 66,327 | 6,542 | 72,869 | 29.1 | % | 23.4 | % | 30.0 | % | 25.7 | % | ||||||
Total | $ | 664,872 | $ | 4,153 | $ | 669,025 | $ | 416,535 | $ | 6,542 | $ | 423,077 | 42.1 | % | 37.6 | % | 42.3 | % | 38.2 | % |
SELLING GENERAL AND
ADMINISTRATIVE EXPENSE:
| ||||||||||||||||||||
Temporary and consultant staffing
| $ | 315,114 | $ | (21,054) | $ | 294,060 | $ | 289,645 | $ | (38,733) | $ | 250,912 | 32.2 | % | 38.4 | % | 30.1 | % | 33.3 | % |
Permanent placement staffing | 115,458 | (2,603) | 112,855 | 74,806 | (3,652) | 71,154 | 80.4 | % | 105.3 | % | 78.6 | % | 100.2 | % | ||||||
Protiviti
| 57,521 | - | 57,521 | 42,762 | - | 42,762 | 12.5 | % | 15.1 | % | 12.5 | % | 15.1 | % | ||||||
Total | $ | 488,093 | $ | (23,657) | $ | 464,436 | $ | 407,213 | $ | (42,385) | $ | 364,828 | 30.9 | % | 36.7 | % | 29.4 | % | 32.9 | % |
OPERATING/SEGMENT INCOME: | ||||||||||||||||||||
Temporary and consultant staffing
| $ | 72,956 | $ | 21,054 | $ | 94,010 | $ | (10,343) | $ | 38,733 | $ | 28,390 | 7.5 | % | (1.4 | %) | 9.6 | % | 3.8 | % |
Permanent placement staffing | 27,996 | 2,603 | 30,599 | (3,900) | 3,652 | (248) | 19.5 | % | (5.5 | %) | 21.3 | % | (0.3 | %) | ||||||
Protiviti
| 75,827 | 4,153 | 79,980 | 23,565 | 6,542 | 30,107 | 16.5 | % | 8.3 | % | 17.4 | % | 10.6 | % | ||||||
Total | $ | 176,779 | $ | 27,810 | $ | 204,589 | $ | 9,322 | $ | 48,927 | $ | 58,249 | 11.2 | % | 0.8 | % | 12.9 | % | 5.3 | % |
Amortization of intangible assets | 576 | - | 576 | 330 | - | 330 | 0.0 | % | 0.0 | % | 0.0 | % | 0.1 | % | ||||||
(Income) loss from investments held in
employee deferred compensation trusts
| (27,810) | 27,810 | - | (48,927) | 48,927 | - | 1.7 | % | 4.4 | % | 0.0 | % | 0.0 | % | ||||||
Interest expense (income), net | 151 | - | 151 | (105) | - | (105) | 0.0 | % | 0.0 | % | 0.0 | % | 0.0 | % | ||||||
Income before income taxes | $ | 203,862 | $ | - | $ | 203,862 | $ | 58,024 | $ | - | $ | 58,024 | 12.9 | % | 5.2 | % | 12.9 | % | 5.2 | % |
(in thousands)
Six Months Ended June 30, | Relationships | |||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||
Reported | Adjustments | Adjusted (1) | Reported | Adjustments | Adjusted (1) | Reported | Adjusted | |||||||||||||
SERVICE REVENUES: | ||||||||||||||||||||
Accountemps | $ | 870,448 | $ | - | $ | 870,448 | $ | 821,426 | $ | - | $ | 821,426 | 29.3 | % | 31.4 | % | 29.3 | % | 31.4 | % |
OfficeTeam | 483,665 | - | 483,665 | 376,278 | - | 376,278 | 16.2 | % | 14.4 | % | 16.2 | % | 14.4 | % | ||||||
Robert Half Technology | 366,406 | - | 366,406 | 358,680 | - | 358,680 | 12.3 | % | 13.7 | % | 12.3 | % | 13.7 | % | ||||||
Robert Half Management
Resources
| 393,878 | - | 393,878 | 376,908 | - | 376,908 | 13.2 | % | 14.4 | % | 13.2 | % | 14.4 | % | ||||||
Elimination of intersegment
revenues
| (246,840) | - | (246,840) | (87,786) | - | (87,786) | (8.3 | %) | (3.4 | %) | (8.3 | %) | (3.4 | %) | ||||||
Temporary and consultant staffing
| 1,867,557 | - | 1,867,557 | 1,845,506 | - | 1,845,506 | 62.7 | % | 70.6 | % | 62.7 | % | 70.6 | % | ||||||
Permanent placement staffing | 255,344 | - | 255,344 | 191,519 | - | 191,519 | 8.6 | % | 7.3 | % | 8.6 | % | 7.3 | % | ||||||
Protiviti
| 856,060 | - | 856,060 | 577,992 | - | 577,992 | 28.7 | % | 22.1 | % | 28.7 | % | 22.1 | % | ||||||
Total | $ | 2,978,961 | $ | - | $ | 2,978,961 | $ | 2,615,017 | $ | - | $ | 2,615,017 | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % |
GROSS MARGIN: | ||||||||||||||||||||
Temporary and consultant staffing
| $ | 733,003 | $ | - | $ | 733,003 | $ | 692,298 | $ | - | $ | 692,298 | 39.2 | % | 37.5 | % | 39.2 | % | 37.5 | % |
Permanent placement staffing | 254,951 | - | 254,951 | 191,186 | - | 191,186 | 99.8 | % | 99.8 | % | 99.8 | % | 99.8 | % | ||||||
Protiviti
| 238,629 | 5,842 | 244,471 | 147,439 | 2,871 | 150,310 | 27.9 | % | 25.5 | % | 28.6 | % | 26.0 | % | ||||||
Total | $ | 1,226,583 | 5,842 | $ | 1,232,425 | $ | 1,030,923 | 2,871 | $ | 1,033,794 | 41.2 | % | 39.4 | % | 41.4 | % | 39.5 | % | ||
SELLING GENERAL AND
ADMINISTRATIVE EXPENSE:
| ||||||||||||||||||||
Temporary and consultant staffing
| $ | 593,627 | (30,312) | $ | 563,315 | $ | 575,290 | $ | (5,146) | $ | 570,144 | 31.8 | % | 31.2 | % | 30.2 | % | 30.9 | % | |
Permanent placement staffing | 210,360 | (3,643) | 206,717 | 181,057 | (534) | 180,523 | 82.4 | % | 94.5 | % | 81.0 | % | 94.3 | % | ||||||
Protiviti
| 107,168 | - | 107,168 | 93,734 | - | 93,734 | 12.5 | % | 16.2 | % | 12.5 | % | 16.2 | % | ||||||
Total | $ | 911,155 | (33,955) | $ | 877,200 | $ | 850,081 | $ | (5,680) | $ | 844,401 | 30.6 | % | 32.5 | % | 29.4 | % | 32.3 | % | |
OPERATING/SEGMENT INCOME: | ||||||||||||||||||||
Temporary and consultant staffing
| $ | 139,376 | 30,312 | $ | 169,688 | $ | 117,008 | 5,146 | $ | 122,154 | 7.5 | % | 6.3 | % | 9.1 | % | 6.6 | % | ||
Permanent placement staffing | 44,591 | 3,643 | 48,234 | 10,129 | 534 | 10,663 | 17.5 | % | 5.3 | % | 18.9 | % | 5.6 | % | ||||||
Protiviti
| 131,461 | 5,842 | 137,303 | 53,705 | 2,871 | 56,576 | 15.4 | % | 9.3 | % | 16.0 | % | 9.8 | % | ||||||
Total | $ | 315,428 | 39,797 | $ | 355,225 | $ | 180,842 | 8,551 | $ | 189,393 | 10.6 | % | 6.9 | % | 11.9 | % | 7.2 | % | ||
Amortization of intangible assets | 1,152 | - | 1,152 | 668 | - | 668 | 0.0 | % | 0.1 | % | 0.0 | % | 0.1 | % | ||||||
(Income) loss from investments held in
employee deferred compensation trusts
| (39,797) | 39,797 | - | (8,551) | 8,551 | - | 1.3 | % | 0.3 | % | 0.0 | % | 0.0 | % | ||||||
Interest expense (income), net | 105 | - | 105 | (1,062) | - | (1,062) | 0.0 | % | 0.0 | % | 0.0 | % | 0.0 | % | ||||||
Income before income taxes | $ | 353,968 | $ | - | $ | 353,968 | $ | 189,787 | $ | - | $ | 189,787 | 11.9 | % | 7.3 | % | 11.9 | % | 7.3 | % |
Quarter Ended June 30, | ||||
2021 | 2020 | |||
Income before income taxes | $ | 203,862 | $ | 58,024 |
Interest expense (income), net | 151 | (105) | ||
Amortization of intangible assets | 576 | 330 | ||
Combined segment income | $ | 204,589 | $ | 58,249 |
Six Months Ended June 30, | ||||
2021 | 2020 | |||
Income before income taxes | $ | 353,968 | $ | 189,787 |
Interest expense (income), net | 105 | (1,062) | ||
Amortization of intangible assets | 1,152 | 668 | ||
Combined segment income | $ | 355,225 | $ | 189,393 |
Year-Over-Year Growth Rates (As Reported) |
Non-GAAP Year-Over-Year Growth Rates (As Adjusted) | |||||||||||
2020 | 2021 | 2020 | 2021 | |||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |
Global | ||||||||||||
Accountemps
| 0.0 | -33.0 | -29.9 | -22.8 | -14.9 | 36.7 | -0.7 | -32.3 | -30.2 | -23.1 | -14.6 | 34.4 |
OfficeTeam
| -5.0 | -48.0 | -35.0 | -17.0 | -8.1 | 93.1 | -5.7 | -47.8 | -35.8 | -18.2 | -8.7 | 89.5 |
RH Technology
| 7.8 | -14.5 | -17.7 | -11.4 | -12.4 | 19.9 | 6.8 | -14.2 | -18.2 | -11.9 | -12.4 | 17.9 |
RH Management Resources
| 8.1 | -15.5 | -22.7 | -16.9 | -13.5 | 27.6 | 7.5 | -14.8 | -23.5 | -18.1 | -14.3 | 24.0 |
Elimination of intersegment revenues (1) | 26.7 | 7.8 | 28.6 | 81.6 | 124.4 | 244.5 | 24.9 | 7.7 | 28.2 | 81.5 | 127.3 | 240.9 |
Temporary and consultant staffing
| 0.7 | -31.7 | -30.1 | -23.1 | -18.6 | 29.9 | 0.0 | -31.2 | -30.7 | -23.8 | -18.9 | 27.2 |
Permanent placement staffing | -8.4 | -49.6 | -35.2 | -27.7 | -7.3 | 102.2 | -9.0 | -49.1 | -35.7 | -28.5 | -8.1 | 96.9 |
Total staffing | -0.3 | -33.7 | -30.7 | -23.6 | -17.5 | 36.1 | -1.0 | -33.2 | -31.2 | -24.3 | -17.8 | 33.2 |
Protiviti
| 16.5 | 4.1 | 7.4 | 18.9 | 35.1 | 61.6 | 15.5 | 4.5 | 6.4 | 17.9 | 34.7 | 58.8 |
Total | 2.6 | -26.9 | -23.3 | -15.2 | -7.2 | 42.6 | 1.9 | -26.4 | -23.9 | -15.9 | -7.6 | 39.7 |
United States | ||||||||||||
Temporary and consultant staffing
| 2.0 | -31.7 | -31.0 | -24.1 | -20.3 | 27.5 | 0.5 | -31.7 | -31.3 | -23.9 | -19.4 | 27.7 |
Permanent placement staffing | -4.9 | -51.6 | -37.1 | -31.3 | -12.4 | 109.3 | -6.3 | -51.6 | -37.3 | -31.0 | -11.4 | 109.6 |
Total staffing | 1.3 | -33.7 | -31.6 | -24.8 | -19.6 | 33.6 | -0.2 | -33.7 | -31.9 | -24.6 | -18.6 | 33.8 |
Protiviti
| 21.3 | 6.4 | 10.8 | 22.9 | 35.5 | 62.6 | 19.5 | 6.3 | 10.3 | 23.3 | 37.1 | 62.8 |
Total | 4.7 | -26.5 | -23.3 | -15.3 | -8.7 | 41.1 | 3.2 | -26.5 | -23.7 | -15.0 | -7.6 | 41.3 |
International | ||||||||||||
Temporary and consultant staffing
| -3.8 | -31.8 | -27.0 | -19.3 | -12.3 | 38.6 | -1.9 | -28.9 | -28.4 | -23.5 | -17.0 | 25.1 |
Permanent placement staffing | -15.9 | -45.0 | -30.9 | -19.3 | 5.2 | 87.8 | -14.6 | -43.2 | -31.7 | -23.0 | 0.3 | 70.5 |
Total staffing | -5.6 | -33.8 | -27.6 | -19.3 | -10.1 | 44.8 | -3.7 | -31.1 | -28.9 | -23.4 | -14.8 | 30.9 |
Protiviti
| 1.3 | -3.9 | -5.0 | 4.3 | 33.8 | 57.6 | 2.4 | -1.5 | -8.0 | -1.7 | 26.1 | 43.5 |
Total | -4.4 | -28.4 | -23.4 | -14.7 | -2.0 | 48.0 | -2.7 | -25.7 | -25.0 | -19.2 | -7.2 | 33.9 |
Year-Over-Year Revenue Growth - GLOBAL | ||||||
Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | |
Accountemps | ||||||
As Reported | 0.0 | -33.0 | -29.9 | -22.8 | -14.9 | 36.7 |
Billing Days Impact | -1.5 | -0.1 | -0.3 | -0.1 | 1.1 | 0.0 |
Currency Impact | 0.8 | 0.8 | 0.0 | -0.2 | -0.8 | -2.3 |
As Adjusted | -0.7 | -32.3 | -30.2 | -23.1 | -14.6 | 34.4 |
OfficeTeam | ||||||
As Reported | -5.0 | -48.0 | -35.0 | -17.0 | -8.1 | 93.1 |
Billing Days Impact | -1.3 | -0.1 | -0.2 | -0.1 | 1.1 | 0.0 |
Currency Impact | 0.6 | 0.3 | -0.6 | -1.1 | -1.7 | -3.6 |
As Adjusted | -5.7 | -47.8 | -35.8 | -18.2 | -8.7 | 89.5 |
Robert Half Technology | ||||||
As Reported | 7.8 | -14.5 | -17.7 | -11.4 | -12.4 | 19.9 |
Billing Days Impact | -1.5 | -0.1 | -0.2 | 0.0 | 1.1 | 0.0 |
Currency Impact | 0.5 | 0.4 | -0.3 | -0.5 | -1.1 | -2.0 |
As Adjusted | 6.8 | -14.2 | -18.2 | -11.9 | -12.4 | 17.9 |
Robert Half Management Resources | ||||||
As Reported | 8.1 | -15.5 | -22.7 | -16.9 | -13.5 | 27.6 |
Billing Days Impact | -1.5 | -0.1 | -0.2 | 0.0 | 1.1 | 0.0 |
Currency Impact | 0.9 | 0.8 | -0.6 | -1.2 | -1.9 | -3.6 |
As Adjusted | 7.5 | -14.8 | -23.5 | -18.1 | -14.3 | 24.0 |
Elimination of intersegment revenues | ||||||
As Reported | 26.7 | 7.8 | 28.6 | 81.6 | 124.4 | 244.5 |
Billing Days Impact | -1.8 | -0.2 | -0.4 | -0.1 | 2.7 | 0.0 |
Currency Impact | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 | -3.6 |
As Adjusted | 24.9 | 7.7 | 28.2 | 81.5 | 127.3 | 240.9 |
Temporary and consultant staffing
| ||||||
As Reported | 0.7 | -31.7 | -30.1 | -23.1 | -18.6 | 29.9 |
Billing Days Impact | -1.4 | -0.1 | -0.3 | 0.0 | 1.0 | 0.0 |
Currency Impact | 0.7 | 0.6 | -0.3 | -0.7 | -1.3 | -2.7 |
As Adjusted | 0.0 | -31.2 | -30.7 | -23.8 | -18.9 | 27.2 |
Permanent placement staffing | ||||||
As Reported | -8.4 | -49.6 | -35.2 | -27.7 | -7.3 | 102.2 |
Billing Days Impact | -1.4 | -0.1 | -0.2 | 0.0 | 1.1 | 0.0 |
Currency Impact | 0.8 | 0.6 | -0.3 | -0.8 | -1.9 | -5.3 |
As Adjusted | -9.0 | -49.1 | -35.7 | -28.5 | -8.1 | 96.9 |
Total staffing | ||||||
As Reported | -0.3 | -33.7 | -30.7 | -23.6 | -17.5 | 36.1 |
Billing Days Impact | -1.4 | -0.1 | -0.2 | 0.0 | 1.1 | 0.0 |
Currency Impact | 0.7 | 0.6 | -0.3 | -0.7 | -1.4 | -2.9 |
As Adjusted | -1.0 | -33.2 | -31.2 | -24.3 | -17.8 | 33.2 |
Protiviti | ||||||
As Reported | 16.5 | 4.1 | 7.4 | 18.9 | 35.1 | 61.6 |
Billing Days Impact | -1.6 | -0.1 | -0.3 | 0.0 | 1.6 | 0.0 |
Currency Impact | 0.6 | 0.5 | -0.7 | -1.0 | -2.0 | -2.8 |
As Adjusted | 15.5 | 4.5 | 6.4 | 17.9 | 34.7 | 58.8 |
Total | ||||||
As Reported | 2.6 | -26.9 | -23.3 | -15.2 | -7.2 | 42.6 |
Billing Days Impact | -1.4 | -0.1 | -0.2 | 0.0 | 1.1 | 0.0 |
Currency Impact | 0.7 | 0.6 | -0.4 | -0.7 | -1.5 | -2.9 |
As Adjusted | 1.9 | -26.4 | -23.9 | -15.9 | -7.6 | 39.7 |
Year-Over-Year Revenue Growth - UNITED STATES | ||||||
Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | |
Temporary and consultant staffing
| ||||||
As Reported | 2.0 | -31.7 | -31.0 | -24.1 | -20.3 | 27.5 |
Billing Days Impact | -1.5 | 0.0 | -0.3 | 0.2 | 0.9 | 0.2 |
Currency Impact | ― | ― | ― | ― | ― | ― |
As Adjusted | 0.5 | -31.7 | -31.3 | -23.9 | -19.4 | 27.7 |
Permanent placement staffing | ||||||
As Reported | -4.9 | -51.6 | -37.1 | -31.3 | -12.4 | 109.3 |
Billing Days Impact | -1.4 | 0.0 | -0.2 | 0.3 | 1.0 | 0.3 |
Currency Impact | ― | ― | ― | ― | ― | ― |
As Adjusted | -6.3 | -51.6 | -37.3 | -31.0 | -11.4 | 109.6 |
Total staffing | ||||||
As Reported | 1.3 | -33.7 | -31.6 | -24.8 | -19.6 | 33.6 |
Billing Days Impact | -1.5 | 0.0 | -0.3 | 0.2 | 1.0 | 0.2 |
Currency Impact | ― | ― | ― | ― | ― | ― |
As Adjusted | -0.2 | -33.7 | -31.9 | -24.6 | -18.6 | 33.8 |
Protiviti | ||||||
As Reported | 21.3 | 6.4 | 10.8 | 22.9 | 35.5 | 62.6 |
Billing Days Impact | -1.8 | -0.1 | -0.5 | 0.4 | 1.6 | 0.2 |
Currency Impact | ― | ― | ― | ― | ― | ― |
As Adjusted | 19.5 | 6.3 | 10.3 | 23.3 | 37.1 | 62.8 |
Total | ||||||
As Reported | 4.7 | -26.5 | -23.3 | -15.3 | -8.7 | 41.1 |
Billing Days Impact | -1.5 | 0.0 | -0.4 | 0.3 | 1.1 | 0.2 |
Currency Impact | ― | ― | ― | ― | ― | ― |
As Adjusted | 3.2 | -26.5 | -23.7 | -15.0 | -7.6 | 41.3 |
Year-Over-Year Revenue Growth - INTERNATIONAL | ||||||
Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | |
Temporary and consultant staffing
| ||||||
As Reported | -3.8 | -31.8 | -27.0 | -19.3 | -12.3 | 38.6 |
Billing Days Impact | -1.4 | 0.0 | 0.0 | -1.0 | 1.4 | -0.8 |
Currency Impact | 3.3 | 2.9 | -1.4 | -3.2 | -6.1 | -12.7 |
As Adjusted | -1.9 | -28.9 | -28.4 | -23.5 | -17.0 | 25.1 |
Permanent placement staffing | ||||||
As Reported | -15.9 | -45.0 | -30.9 | -19.3 | 5.2 | 87.8 |
Billing Days Impact | -1.1 | -0.1 | 0.0 | -1.0 | 1.7 | -1.1 |
Currency Impact | 2.4 | 1.9 | -0.8 | -2.7 | -6.6 | -16.2 |
As Adjusted | -14.6 | -43.2 | -31.7 | -23.0 | 0.3 | 70.5 |
Total staffing | ||||||
As Reported | -5.6 | -33.8 | -27.6 | -19.3 | -10.1 | 44.8 |
Billing Days Impact | -1.3 | -0.1 | 0.0 | -1.0 | 1.5 | -0.8 |
Currency Impact | 3.2 | 2.8 | -1.3 | -3.1 | -6.2 | -13.1 |
As Adjusted | -3.7 | -31.1 | -28.9 | -23.4 | -14.8 | 30.9 |
Protiviti | ||||||
As Reported | 1.3 | -3.9 | -5.0 | 4.3 | 33.8 | 57.6 |
Billing Days Impact | -1.4 | 0.0 | 0.1 | -1.4 | 2.1 | -0.8 |
Currency Impact | 2.5 | 2.4 | -3.1 | -4.6 | -9.8 | -13.3 |
As Adjusted | 2.4 | -1.5 | -8.0 | -1.7 | 26.1 | 43.5 |
Total | ||||||
As Reported | -4.4 | -28.4 | -23.4 | -14.7 | -2.0 | 48.0 |
Billing Days Impact | -1.3 | 0.0 | 0.1 | -1.1 | 1.6 | -0.9 |
Currency Impact | 3.0 | 2.7 | -1.7 | -3.4 | -6.8 | -13.2 |
As Adjusted | -2.7 | -25.7 | -25.0 | -19.2 | -7.2 | 33.9 |
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RHI - Robert Half International Inc. published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 20:27:24 UTC.