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$RHI 1Q15 10-Q: 1Q15-end: Total assets were $1,637.29MM, up 8.91% from $1503.33MM at 1Q14-end. Total liabilities were $652.66MM, up 14.2% from $571.19MM at 1Q14-end. Cash and cash equivalents were $260.89MM, down 2.56% from $267.74MM at 1Q14-end. Total stockholders’ equity was $984.62MM, up 5.63% from $932.15MM at 1Q14-end.
$RHI said that it expects to record a one-time non-cash charge to its provision for income taxes of about $34-38MM or about $0.27-0.31 per share in 4Q17, resulting from the recently enacted Tax Cuts and Jobs Act. Consequently, the company is updating its 4Q17 guidance, after this charge, for diluted EPS in the range of $0.29-0.39 per share.
Staffing firm $RHI reported a 6% drop in 1Q17 profit. The recently ended quarter's earnings were $78.5MM or $0.62 per share on revenues of $1.3Bil. In the prior year quarter, the company posted earnings of $83.4MM or $0.64 per share on revenues of $1.3Bil.
Human resource consulting giant $RHI reported a 16% drop in its 4Q16 earnings. The company's net income was $78MM, or $0.61 per share compared to $93MM, or $0.71 per share during 4Q15. Revenues during the quarter was $1.27Bil, down from $1.30Bil during 4Q15.
Human Resources consulting giant $RHI reported a lower quarterly profit, hurt by higher expenses. The company reported 3Q16 earnings of $91MM, or $.71 per share, on revenues of $1.34Bil. Net income for the prior year quarter was $97MM, or $.73 per share, on revenues of $1.31Bil.
$RHI paid stockholders a quarterly dividend of $0.22 per share for a total cash outlay of $29MM and repurchased 1MM shares for $38MM. Company has 8.7MM shares available for repurchase under authorized repurchase plan. 2Q16 unlevered ROE was 35%. Cash flow from operations was $129MM and CapEx was $25MM in the quarter.
$RHI expects revenue of $1.335-1.395Bil and EPS of $0.68-0.74 in 3Q16. The midpoint of the guidance implies YoverY revenue growth of 4% on a reported basis and 4.6% adjusted for billing days and currency, including Protiviti; and negative EPS growth of 3%.
Human resource consulting firm $RHI's 2Q16 Staffing segment constant currency revenue grew on a same day basis, with US staffing revenue up 3% and non-US staffing revenue up 8%. Company has 328 staffing locations worldwide. 2Q16 had 63.9 billing days versus 63.2 in 2Q15. Protiviti US revenue was up 6% and non-US revenue was up 17%.
Human resource consulting company $RHI reported a higher quarterly profit, helped by strong demand for professional staffing and consulting services. For 2Q16, the company reported earnings of $91.6MM, or $0.71 per share, compared with $89.71MM, or $0.67 per share a year ago. Revenue rose 6% to $1.34Bil.
$RHI's 1Q16 GM dollars were $532MM, up by 7.7% versus $494MM for 1Q15. During the quarter, GM dollars increased for all three of the company's reportable segments versus 1Q15. The provision for income tax was 37.7% vs. 39.2% 1Q15. The lower tax rate is primarily due to foreign investment elections that impact the provision positively vs. 1Q15.
Human resource consulting firm $RHI said that during 1Q16, net service revenues grew to $1.30Bil, up 8% from the prior year. All three of the company's operating segments experienced solid revenue growth, led by Protiviti which rose 14% for 1Q16 vs. 1Q15.
$RHI said global revenues for Protiviti were $187MM in 1Q16 with $158MM in revenues in the US and $29MM in revenues outside the US. Protiviti revenues were up 14% YoverY on a same-day constant currency basis. US revenues were up 15% and non-US revenues were up 8% from the prior year. Exchange rates decreased YoverY Protiviti revenues by $1MM.
$RHI said in 1Q16, staffing revenues were up 7% on a same-day constant currency basis. US staffing revenues were $900MM, up 9%. Non-US staffing revenues were $215MM, up 4% when adjusted for billing days and currency exchange rates. Currency exchange rates decreased YoverY staffing revenues by $11MM in 1Q16.
$RHI said the US job market remained solid in 1Q16 as did demand for Professional Staffing and Consulting Services, resulting in YoverY revenue growth in all lines of business. Accounting and Finance Staffing divisions had a strong 1Q16. This was the company's 24th straight quarter of double-digit EPS percentage growth YoverY.
Staffing services provider $RHI said cash flow from operations was $79MM and Capex was $19MM in 1Q16. Dividend was paid to shareholders on March 15 for a total cash outlay of $29MM. The company repurchased 700,000 shares at a cost of $29MM and has 9.7MM shares available for repurchase under its stock repurchase plan.