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HireQuest, Inc. - $HQI STOCK NEWS

Welcome to our dedicated page for HireQuest news (Ticker: $HQI), a resource for investors and traders seeking the latest updates and insights on HireQuest stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HireQuest's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

HireQuest, Inc. (Nasdaq: HQI) will hold a conference call on May 9, 2024, to discuss its Q1 2024 financial results. The call will cover key financial metrics, future outlook, and strategic initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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Rhea-AI Summary
HireQuest, Inc. (HQI) reported financial results for Q4 and full year 2023, showing revenue growth but decreased net income. Franchise royalties and total revenue increased, but SG&A expenses surged due to workers' compensation costs and acquisitions. Adjusted EBITDA declined slightly. The CEO highlighted growth strategies, acquisitions, and cost control efforts for future profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
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Rhea-AI Summary
HireQuest, Inc. (NASDAQ:HQI) schedules a conference call to discuss financial results for Q4 and year-end 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
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Rhea-AI Summary
HireQuest, Inc. (HQI) declares a quarterly dividend of $0.06 per share, payable on March 15, 2024, to shareholders of record on March 1, 2024.
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End-of-Day
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dividends
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Rhea-AI Summary
HireQuest, Inc. (Nasdaq:HQI) has closed the acquisition of TEC Staffing Services, generating over $34 million in total revenue for the trailing 12-month period. The sale of TEC's offices throughout Northwest and Central Arkansas to franchisees has been completed, converting them to HireQuest's Snelling franchise model. The company expects minimal incremental SG&A expense and anticipates recognizing a notable one-time accounting loss in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
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Rhea-AI Summary
HireQuest, Inc. (Nasdaq:HQI) Announces $0.06 Quarterly Dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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dividends
Rhea-AI Summary
HireQuest, Inc. (NASDAQ:HQI) announced the appointment of Steven Crane as Chief Financial Officer. Mr. Crane, with over 20 years of financial management experience, will oversee all aspects of HireQuest's finance and accounting organization. He has a strong track record of driving growth and minimizing costs, with previous public company experience and successful acquisitions. HireQuest CEO, Richard Hermanns, expressed excitement about leveraging Crane's expertise, while expressing gratitude to outgoing CFO, David Burnett. Crane also expressed enthusiasm about joining the HireQuest team, highlighting the company's unique position in the staffing industry and its proven M&A strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.76%
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management
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Rhea-AI Summary
HireQuest, Inc. (NASDAQ:HQI) reported Q3 2023 financial results, including a 19.9% increase in franchise royalties and 18.1% increase in total revenue. However, income from operations and net income from continuing operations decreased by 57.7% and 61.5% respectively. Adjusted EBITDA also decreased to $3.7 million compared to $6.5 million in the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.15%
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Rhea-AI Summary
HireQuest, Inc. will hold a conference call on November 8, 2023, to discuss its financial results for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
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Rhea-AI Summary
HireQuest, Inc. has announced its definitive agreement to acquire TEC Staffing Services, a provider of staffing services in Arkansas. TEC generated over $34 million in revenue for the trailing 12-month period. The acquisition will expand HireQuest's footprint and enhance the Snelling brand in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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HireQuest, Inc.

Nasdaq:HQI

HQI Rankings

HQI Stock Data

176.26M
5.56M
61.11%
12.15%
0.87%
Human Resources Consulting Services
Professional, Scientific, and Technical Services
Link
United States of America
GOOSE CREEK

About HQI

we are the back office support team for trojan labor and acrux staffing franchised branch locations across the united states. the services we provide minimize the start-up and operating costs of owning and operating a temporary labor franchise which yields a tremendous advantage. trojan labor provides temporary staffing services which includes general labor, industrial, and construction personnel. acrux staffing provides temporary staffing services which includes skilled, semi-skilled and general labor industrial personnel, as well as clerical and secretarial personnel. we have the most simplified front office payroll software on the planet. in fact, you will not have to read lengthy user documentation or go through extensive user training in order to utilize our robust payroll platform. however, we do provide free training and ongoing support.