Robert Half International Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Provides Tax Rate Guidance for the First Quarter and Full Year 2013
For the year, the company reported net service revenues of $4,111,213,000 against $3,776,976,000 for the same period last year. Income before income taxes was $344,245,000 against $250,216,000 for the same period last year. Net income available to common stockholders was $208,867,000 or $1.50 per diluted share against $147,772,000 or $1.04 per diluted share for the same period last year. Capital expenditures were $50,056,000 against $56,535,000 for the same period last year. The company had positive operating cash flow of $289 million in 2012.
For the first quarter of 2013, the company expects tax rate between 37% to 38%, due to some non-U.S. structuring during 2012 that will benefit 2013, starting in the first quarter.
For the full year 2013, the company expects the benefit of a lower tax rate in 2013 than 2012.