Robert Half (RHI) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 25, 2026 astatine 9:08 AM CDT 37 min read

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DATE

Thursday, April 23, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — M. Keith Waddell

• Chief Financial Officer — Michael Buckley

Full Conference Call Transcript

For the archetypal 4th of 2026, planetary endeavor revenues were $1.3 billion, down 4% from past year's archetypal 4th connected a reported ground and down 6% connected an adjusted basis. We're precise pleased that endowment solutions delivered a 2nd consecutive 4th of affirmative sequential maturation connected a same-day constant-currency ground with gross trends strengthening arsenic the 4th progressed and into aboriginal April. Overall, we judge marketplace conditions are becoming progressively conducive to our concern and our unsocial operation of award-winning high-tech capabilities and high-touch expertise positions america good to present meaningful worth for clients successful navigating a dynamic concern environment. Net income per stock successful the archetypal 4th was $0.14 compared to $0.17 successful the archetypal 4th a twelvemonth ago.

As Mike volition discuss, archetypal 4th EPS was impacted by a seasonally elevated taxation rate, tied to stock-based compensation, which we expect to normalize arsenic the twelvemonth progresses. We stay precise good positioned to capitalize connected emerging opportunities and enactment our clients' endowment and consulting needs done the spot of our industry-leading brand, people, exertion and unsocial concern exemplary that includes some nonrecreational staffing and concern consulting services. Cash travel utilized successful operations during the archetypal 4th was $112 million. Cash outflows are seasonally elevated each twelvemonth successful the archetypal 4th owed to the yearly outgo rhythm for bonuses and SaaS subscription renewals, among others.

In March, we distributed a $0.59 per stock currency dividend to our shareholders of grounds for a full currency outlay of $62 million. Return connected invested superior for the institution was 4% successful the archetypal quarter. Now I'll crook the telephone backmost implicit to our CFO, Mike Buckley.

Michael Buckley: Thank you, Keith, and hello, everyone. As Keith noted, planetary revenues were $1.3 cardinal successful the archetypal quarter. On an adjusted basis, archetypal 4th endowment solutions revenues were down 7% year-over-year. U.S. endowment solutions revenues were $626 million, down 7% from the anterior year's archetypal quarter. Non-U.S. endowment solutions revenues were $208 million, down 3% year-over-year. We behaviour endowment solutions operations passim offices successful the United States and 18 different countries. In the archetypal 4th of 2026, determination were 61.9 billing days, the aforesaid arsenic the archetypal 4th 1 twelvemonth ago. The 2nd 4th of 2026 has 63.1 billing days compared to 63.2 billing days successful the 2nd 4th of past year.