Robert Half International Inc. (RHI) CEO Keith Waddell on Q1 2022 Results - Earnings Call Transcript

Robert Half International Inc. (NYSE:RHI) Q1 2022 Results Conference Call April 26, 2022 5:00 PM ET

Company Participants

Keith Waddell - President & CEO

Mike Buckley - CFO

Conference Call Participants

Andrew Steinerman - JPMorgan

Mark Marcon - Baird

Heather Balsky - Bank of America

Kevin McVeigh - Credit Suisse

Tobey Sommer - Truist Securities

Jeff Silber - BMO Capital Markets

Operator

Hello, and welcome to the Robert Half First Quarter 2022 Conference Call. Our hosts for today’s call are Mr. Keith Waddell, President and Chief Executive Officer of Robert Half, and Mr. Michael Buckley, Chief Financial Officer.

Mr. Waddell, you may begin.

Keith Waddell

Hello, everyone. We appreciate your time today. Before we get started, I'd like to remind you that the comments made on today's call contain forward-looking statements, including predictions and estimates about our future performance. These statements represent our current judgment of what the future holds.

However, they are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties are described in today's press release in our most recent 10-K and 10-Q filed with the SEC. We assume no obligation to update the statements made on today's call.

During this presentation, we may mention some non-GAAP financial measures and reference these figures is as adjusted. Reconciliations and further explanations of these measures are included in a supplemental schedule to our earnings press release. We'd like to remind you that beginning this quarter, our financial disclosures for contract operations, formerly temporary and consulting staffing are based on functional specialization rather than our previously branded divisions.

The functional specializations are finance and accounting, administrative and customer support, and technology. Finance and accounting combines the former account temps and management resources. Administrative and customer support was previously OfficeTeam. And technology was formerly Robert Half Technology. Protiviti and our permanent placement operations continue to be reported separately.

Also, what we previously referred to as staffing operations are now referred to as talent solutions. There's no change to our underlying business operations or organization. Our presentation of revenues and the related growth rates for each of our contract functional specializations includes intersegment revenues from services provided to Protiviti in connection with the Company's blended talent solutions and consulting operations. This is how we measure and manage these businesses internally.