Robert Half Q2 2025 Earnings Call Transcript: CEO Keith Waddell and CFO Michael Buckley Discuss Second Quarter Results

Robert Half Inc. (RHI) Q2 2025 Earnings Call Transcript: CEO Keith Waddell and CFO Michael Buckley discuss Q2 results, highlighting revenue growth, strong demand for professional services, and increased hiring activity. Forward-looking statements are made, noting potential risks and uncertainties. Non-GAAP financial measures are referenced.

Robert Half Inc. (RHI) reported its Q2 2025 earnings, showcasing resilience amidst global economic uncertainties. The company's CEO, M. Keith Waddell, and CFO, Michael Buckley, highlighted key financial metrics and discussed forward-looking statements during the earnings call.

Financial Performance
Robert Half reported global enterprise revenues of $1.37 billion for the second quarter, down 7% year-over-year. Net income per share was $0.41, compared to $0.66 in the same period last year. Cash flow from operations was $119 million, with a $0.59 per share dividend and $20 million spent on share repurchases. Return on invested capital reached 12% [1].

Segment Performance
Talent solutions revenues were $668 million in the U.S. and $207 million non-U.S., both down double-digits year-over-year. Protiviti revenues totaled $495 million, with adjusted global Protiviti revenues up 2% year-over-year [1].

Outlook
The company issued Q3 2025 guidance of revenue between $1.31 billion and $1.41 billion and income per share of $0.37 to $0.47. Buckley projected adjusted revenue growth year-over-year for talent solutions to be down 9% to 13%; for Protiviti, flat to down 4%; overall, down 6% to 10% [1].

Management Comments
Waddell emphasized the company’s strong positioning to capitalize on future opportunities, citing the brand, technology, and unique business model combining staffing and consulting. Buckley noted the company’s strategic investments in AI and technology to enhance service offerings. Waddell stated that while the tone of client conversations had improved, confidence was not yet back to pre-election levels but was headed in the right direction [1].

Market Reaction
Following the earnings announcement, Robert Half’s stock traded at $42.94 in aftermarket hours, reflecting a 0.63% increase from the previous close [2].

Conclusion
Robert Half management emphasized stabilization in revenue trends and improved client engagement while maintaining a cautious approach to guidance amid ongoing economic uncertainty. The company projects Q3 revenue between $1.31 billion and $1.41 billion and expects sequential growth in adjusted operating income, marking a potential turning point. The leadership team remains focused on operational efficiency and is prepared to leverage existing capacity for growth as market conditions improve.

References
[1] https://seekingalpha.com/news/4471107-robert-half-projects-q3-revenue-of-1_31b-1_41b-amid-stabilized-hiring-demand-and-sequential
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-robert-half-q2-2025-earnings-beat-forecasts-93CH-4149479