Robert Half International Inc. (NYSE:RHI) Q3 2023 Earnings Call Transcript

M. Keith Waddell: I’d say the positive surprise was the improvement in the weekly sequential performance, which was pretty broad based across our practice groups. On the negative side, the good news is that there were no major negatives in that way. And so I wouldn’t call out anything as being of consequence. That was a negative relative to our expectation. The other positive that I mentioned that was not a total surprise, but Protiviti made significant improvements in their segment income over the course of the first three quarters. First quarter in the sevens, third quarter double digit again and kind of given the dynamics of the campus hires coming, the less attrition, the resource management between contractors and full time staff.

I think they did a hell of a job given the hand they were dealt with, maintaining and improving. Their segment margins went up 200 basis points between the second and third quarter, which I think is fantastic. And that’s a little better than we expected, but I think it’s fantastic.

George Tong: Got it. Thank you.

M. Keith Waddell: Okay, everyone. That was our last question. Thank you for joining.

Operator: Thank you. This concludes today’s teleconference. If you missed any part of the call, it will be archived in audio format in the investor centre of Robert Half’s website at roberthalf.com. You can also log in to the conference call replay, details are contained in the company’s press release issued earlier today.