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.
HireQuest, Inc. (NASDAQ: HQI) generates a steady flow of news as a franchisor of on-demand staffing, commercial staffing, and executive search services. As a human resources consulting services company operating through brands such as HireQuest Direct, HireQuest Health, MRINetwork, Snelling, TradeCorp, DriverQuest, and Northbound Executive Search, its announcements span capital allocation decisions, franchise network developments, and labor market commentary.
On this page, readers can follow HQI news related to quarterly financial results, dividend declarations, and stock repurchase programs approved by the Board of Directors. Recent Form 8-K filings and press releases have covered quarterly cash dividends on common stock and the authorization of a stock repurchase program that permits open market and privately negotiated share purchases under Rule 10b5-1 trading plans.
HireQuest also issues news about its franchise brands and ownership structures. For example, the company has announced a change in the ownership structure of MRINetwork, its global executive search brand, transitioning majority ownership to a leadership group of current and former franchise owners while retaining partial ownership and continuing to provide shared services. Such updates highlight how HireQuest manages and supports its network of staffing and recruiting offices.
In addition, HireQuest publishes labor market outlooks based on survey data from its extensive franchise network. These releases discuss hiring trends, time-to-fill metrics, application volumes, and demand patterns across industries including construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering. Investors, employers, and job seekers can use this news feed to monitor how HireQuest views the evolving labor market and how its network is responding to changes in demand for skilled and flexible work.
By reviewing the HQI news page regularly, users can track company announcements, capital return policies, executive search and staffing network developments, and broader workforce insights drawn from HireQuest’s U.S. and international presence.
HireQuest, Inc. (NASDAQ:HQI) will hold a conference call on November 3, 2022, at 5:00 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2022. The conference will be accessible via a toll-free dial-in number and will also be broadcast live, with a replay available until November 17, 2022. HireQuest operates a national network of over 225 franchisee-owned staffing offices, providing employment for approximately 75,000 individuals across various industries including construction and healthcare.
HireQuest, Inc. (NASDAQ:HQI) has announced a strategic partnership with Happy Faces Personnel Group, integrating it into the Snelling franchise in Atlanta, Georgia. This transition will leverage Happy Faces' 2021 sales of over $14 million and enhance Snelling's offerings, particularly for municipal and state government contracts. Happy Faces' President, Michael Hairston, will lead the new franchise, benefiting from HireQuest's extensive resources and operational support, aiming to drive future growth.
HireQuest, Inc. (NASDAQ:HQI) has announced a quarterly dividend of $0.06 per share, payable on September 15, 2022. Shareholders of record must be on the books by the close of business on September 1, 2022. As a national franchisor of staffing services, HireQuest operates over 225 franchisee-owned offices across the U.S., providing employment for approximately 75,000 individuals annually in various industries. However, future dividends are subject to Board approval and depend on financial performance and cash flow.
HireQuest, Inc. (NASDAQ:HQI) announces a conference call for August 9, 2022, at 4:30 p.m. ET to discuss its second quarter financial results for the period ending June 30, 2022. Investors can join via toll-free number 877-545-0320 or internationally at 973-528-0002. A replay of the call will be available until August 23, 2022. HireQuest operates over 225 franchisee-owned offices nationwide, employing approximately 75,000 individuals annually across various industries.
HireQuest, Inc. (NASDAQ:HQI) reported significant financial growth for Q1 2022, with franchise royalties doubling to $6.6 million, up 101.7% year-over-year. Total revenue surged 139.4% to $8.1 million. Adjusted EBITDA reached a record $5.3 million, up from $1.5 million last year. However, net income fell to $603,000, or $0.04 per diluted share, largely due to $3.6 million in expenses from converting acquisitions into franchises. The company's system-wide sales also increased significantly, indicating robust franchise growth.
HireQuest, Inc. (Nasdaq:HQI) announced a conference call scheduled for May 10, 2022, at 4:30 p.m. ET to discuss its financial results for Q1 ended March 31, 2022. The call is open to stakeholders, with dial-in options available for both domestic and international participants. A replay of the call will be accessible through May 24, 2022.
HireQuest operates over 220 franchisee-owned offices across the U.S., providing staffing solutions across various industries and employing approximately 73,000 individuals annually.
HireQuest reported strong financial results for Q4 and full year 2021, with Q4 EPS of $0.16 and net income of $2.2 million. Full year EPS reached $0.87, net income at $11.8 million, and adjusted EBITDA of $14.7 million. Franchise royalties surged 88% year-over-year in Q4 to $6.1 million, while total revenue for Q4 increased 99% to $6.8 million. The company completed multiple acquisitions, expanding its market presence. The board declared a quarterly cash dividend of $0.06 per share, marking its seventh consecutive quarter of dividends.
HireQuest, Inc. (NASDAQ:HQI) will host a conference call on March 15, 2022, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and year ended December 31, 2021. The call will provide insights into the company’s performance and future outlook. Interested parties are encouraged to dial in 5-10 minutes early, with a toll-free number of 1-888-506-0062 and an international number of 1-973-528-0011. A replay of the conference will be accessible until March 29, 2022.
HireQuest, Inc. (Nasdaq: HQI) has successfully completed its acquisition of Northbound Executive Search, LTD., a New York-based executive placement firm known for serving blue chip financial clients. This strategic move allows HireQuest to expand its service offerings in executive placement and consulting. Northbound had generated over $15 million in revenue in 2021. Concurrently, Northbound has been transitioned to HireQuest’s franchise model, enhancing the company's operational scale and market reach.
HireQuest, Inc. (NASDAQ:HQI) has declared a quarterly dividend of $0.06 per share, payable on March 15, 2022, to shareholders of record by the close of business on March 1, 2022. The company is a national franchisor providing on-demand labor and staffing solutions across the U.S., operating over 210 franchisee-owned offices in more than 35 states. HireQuest employs approximately 60,000 individuals annually, serving various industries.