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) has completed its acquisition of the Dental Power Staffing (DPS) division from Dental Power, enhancing its staffing services in the dental sector across the U.S. DPS specializes in temporary, long-term contract, and direct-hire staffing for dental practices. The acquisition supports HireQuest's strategy to expand its franchise model into the dental market, with tailored franchise offerings expected in the first half of 2022. This move aims to leverage DPS's established presence and expertise to increase market penetration and revenue growth.
HireQuest, Inc. (Nasdaq: HQI) reported strong Q3 2021 results, with total revenue of $6.9 million, up 103.4% from the prior year. Franchise royalties surged 103.2% to $6.5 million, bolstered by organic growth of 52% and contributions from recent acquisitions. Net income increased to $3.2 million or $0.23 per diluted share. Adjusted EBITDA rose to $5.3 million, and system-wide sales reached $99.6 million. The company also announced a quarterly cash dividend of $0.06 per share, reflecting a strong financial position.
HireQuest (NASDAQ: HQI) has announced the acquisition of Dental Power Staffing from Dental Power, expanding its skilled staffing services into the dental sector. The DPS division generated
HireQuest, Inc. (NASDAQ: HQI) will hold a conference call on November 11, 2021, at 4:30 p.m. Eastern time to discuss its third-quarter financial results for the period ending September 30, 2021. The call will be accessible via toll-free and international dial-in numbers, and it will also be broadcast live with a replay available until November 25, 2021. HireQuest, a national franchisor providing staffing solutions, operates over 210 offices across the U.S., employing approximately 60,000 individuals annually.
HireQuest, Inc. (NASDAQ: HQI) has acquired Recruit Media, Inc., enhancing its digital strategy with a next-gen SaaS recruitment platform. The deal, financed through cash and a modest revolver draw, aims to streamline communications between franchisees, clients, and candidates. Recruit Media offers innovative features, including multimedia candidate profiles and in-app video chat. This acquisition accelerates HireQuest's technology roadmap, providing significant growth opportunities and potential standalone business avenues. CEO Rick Hermanns emphasizes its impact on improving workforce management efficiency.
HireQuest, Inc. (NASDAQ: HQI) has appointed retired Marine Corps Colonel C.J. Williams as Vice President of VetsQuest, a new initiative aimed at providing employment and franchise opportunities for U.S. military veterans. With over 30 years of military leadership, Col. Williams will enhance HireQuest's efforts to assist veterans in transitioning to civilian careers. The company operates over 200 franchisee-owned offices across the U.S., employing around 60,000 individuals annually in various sectors.
HireQuest reported strong second quarter results for the period ending June 30, 2021. Franchise royalties surged to $5.5 million, a 106.5% increase from the previous year, while total revenue hit $5.7 million, up 96.7%. Net income rose to $2.7 million or $0.20 per diluted share, compared to $1.2 million last year. The company launched DriverQuest, catering to the transportation sector, and closed a $63.2 million credit facility to support growth. System-wide sales reached $88.7 million, a significant recovery attributed to revitalized sales from existing and newly acquired franchisees.
HireQuest, Inc. (Nasdaq: HQI) has launched a new franchise offering called DriverQuest, targeting the transportation and logistics sectors. This service aims to supply staffing for both long-haul and last-mile driving positions. Over 35 existing franchisees have already adopted DriverQuest, showcasing significant initial interest. The company anticipates continued growth due to increasing demand for drivers and plans to leverage its existing franchise network and customer relationships. Additionally, HireQuest remains focused on pursuing internal growth and potential mergers and acquisitions.
HireQuest, Inc. (Nasdaq: HQI) will hold a conference call on August 9, 2021, at 4:30 p.m. Eastern time to discuss its financial results for Q2 ended June 30, 2021. Interested participants can dial in at 1-844-602-0380 (toll-free) or 1-862-298-0970 (international). The call will be accessible for replay until August 23, 2021, using toll-free 877-481-4010 and international 919-882-2331 numbers. For more details, visit www.hirequest.com.
HireQuest (Nasdaq: HQI) has successfully closed a $63.2 million credit facility, including a $60 million Revolving Credit Facility and a $3.2 million Term Loan with Truist. This new facility, which replaces a prior $30 million revolving credit line, aims to support day-to-day operations and strategic growth initiatives. The Revolving Credit Facility matures on June 29, 2026, while the Term Loan matures on June 29, 2036. The funding will enhance HireQuest's ability to capitalize on future opportunities.
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