HireQuest, Inc. reports news as a franchisor of on-demand staffing, direct-hire recruiting, executive search and contract workforce services. Its divisions include HireQuest Direct, HireQuest Health, Snelling, TradeCorp, DriverQuest and MRINetwork, serving industries such as construction, light industrial, healthcare, finance, manufacturing, hospitality, logistics, cybersecurity and engineering across U.S. and international markets.
Recurring HQI updates cover operating and financial results, conference calls, quarterly cash dividends, share repurchase authorization, capital-structure activity and governance matters. Company releases also describe the franchise-based staffing model and the workforce-service categories delivered through its branded divisions.
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HireQuest, Inc. (NASDAQ:HQI) announced a conference call scheduled for May 11, 2023, at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2023. This call will provide insights into the company's performance and financial metrics. Investors can join the call by dialing 877-545-0523 (toll-free) or 973-528-0016 (international). A live broadcast will also be available and a replay can be accessed until May 25, 2023. HireQuest operates over 400 franchisee-owned offices across the United States, employing approximately 81,000 individuals annually. For further details, visit www.hirequest.com.
HireQuest, Inc. (Nasdaq: HQI) reported Q4 2022 results showing a 26.4% YoY growth in franchise royalties to $7.7 million and a 23.1% increase in total revenue to $8.0 million. Net income from continuing operations rose 21.0% to $2.6 million ($0.19 per diluted share). For the full year, franchise royalties surged 35.6% to $28.9 million and total revenue climbed 37.4% to $31.0 million. Adjusted EBITDA improved to $4.4 million in Q4 and $22.0 million for the year. The company completed the acquisition of MRINetwork, enhancing its executive recruiting capabilities. Cash increased to $3.0 million from $1.3 million YoY.