Robert Half International Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Capital Expenditure Guidance for the Full Year of 2017
For nine months, net service revenues were $3,920,507,000 against $3,985,326,000 a year ago. Income before income taxes was $388,478,000 against $429,529,000 a year ago. Net income was $243,537,000 against $265,601,000 a year ago. Diluted net income per share was $1.94 against $2.06 a year ago. Operating income was $388,517,000 against $429,762,000 a year ago. Capital expenditures were $28,540,000 against $63,280,000 a year ago.
The company offer the following fourth quarter guidance: Revenues, $1,287,000,000 to $1,347,000,000; income per share, $0.60 to $0.66. The midpoint of fourth quarter guidance range implies year-over-year revenue growth of 4% on a reported basis and 3% adjusted for days and currency. EPS would be up 3% versus last year at the midpoint of guidance range. The company currently expects tax rate of 37%.
For the year, capital expenditures will be in the $40 million to $50 million range compared to $82 million last year.