STOCK TITAN

Heidrick & Struggles International, Inc. - HSII STOCK NEWS

Welcome to our dedicated page for Heidrick & Struggles International news (Ticker: HSII), a resource for investors and traders seeking the latest updates and insights on Heidrick & Struggles International stock.

Heidrick & Struggles International, Inc. (Nasdaq: HSII) is a global leader in providing executive search, leadership consulting, and on-demand talent solutions. Founded over 65 years ago, the company has established itself as a trusted advisor to the world’s top organizations, helping them identify, develop, and retain senior-level talent. With principal business centers in North America, Latin America, Europe, and Asia Pacific, Heidrick & Struggles operates on a global scale.

Core Services and Segments

  • Executive Search: Specializes in identifying and recruiting top-tier executives across various industries, leveraging a network of over 400 consultants worldwide.
  • Heidrick Consulting: Offers leadership assessment and development, organizational design, team acceleration, culture shaping, and diversity and inclusion services to help businesses build effective leadership teams.
  • On-Demand Talent: Provides interim executives, project managers, and specialized consultants through the Business Talent Group (BTG), a wholly-owned subsidiary focused on meeting the immediate and short-term talent needs of clients.

Recent Achievements and Projects

In recent quarters, Heidrick & Struggles has demonstrated robust financial performance, marked by notable acquisitions that have expanded its service offerings. The acquisition of Atreus Group strengthened their On-Demand Talent segment, while businessfourzero enhanced their Heidrick Consulting capabilities. These strategic moves have contributed to sequential revenue growth, particularly in the Americas and Europe.

Financial Highlights

For the second quarter of 2023, the company reported consolidated net revenue of $271.2 million, a 13.3% increase from the previous quarter. Adjusted EBITDA grew 33% to $36.4 million, with an adjusted EBITDA margin of 13.4%. Despite global economic uncertainties, Heidrick & Struggles continued to invest in digital capabilities to better serve their clients.

Strategic Outlook

Looking forward, Heidrick & Struggles aims to leverage its One Heidrick strategy, which integrates executive search, on-demand talent, and consulting services to provide comprehensive leadership solutions. Their focus on innovation and technology, particularly through the Heidrick Navigator SaaS product, is expected to drive future growth and enhance client services.

Rhea-AI Summary

Heidrick & Struggles (Nasdaq: HSII), a global leader in leadership advisory and on-demand talent solutions, has announced its upcoming quarterly conference call to discuss 2024 second quarter financial results. The call is scheduled for Monday, July 29, 2024, at 5:30pm ET. Investors and interested parties can access the conference call and accompanying slides via a live webcast from the company's investor relations website at www.heidrick.com. For those preferring to listen by phone, dial-in options are available at +1-800-715-9871 or +1-646-307-1963, using the conference ID: 4805686. A replay of the webcast will be accessible at the same web address approximately two hours after the call concludes.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
-
Rhea-AI Summary

Heidrick & Struggles (Nasdaq: HSII) has appointed Liz Duggan as Partner in its Financial Services Practice. Duggan, based in London, brings over 20 years of experience in executive search, specializing in corporate and investment banking. She will focus on identifying top talent and advising on their onboarding, management, and mentoring. Wolfgang Schmidt-Soelch, Regional Managing Partner for Financial Services, praised Duggan's extensive industry knowledge and experience. Duggan expressed her excitement about joining Heidrick & Struggles during a transformative time in the investment banking landscape.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
Tags
management
-
Rhea-AI Summary

Heidrick & Struggles (Nasdaq: HSII) announced that CFO Mark Harris will depart in August 2024 to pursue other opportunities. Harris, who joined in 2018, will stay until his successor is found to ensure a smooth transition. CEO Tom Monahan praised Harris for his contributions to the company’s financial management and growth. A search for a new CFO is underway. Despite the leadership change, the company reiterated its Q2 2024 revenue outlook, expecting net revenue to be between $255 million and $275 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
Rhea-AI Summary

Heidrick & Struggles (Nasdaq: HSII) has released its Board Monitor US 2024 report, highlighting significant trends influencing US board agendas. A major finding is the increasing impact of the workforce, with 50% of respondents noting greater influence on board decisions post-Covid. Additionally, 81% of US CEOs and board directors support direct engagement with employees beyond senior management. The report also reveals that 70% of boards are more operationally involved, and there is a growing reliance on external experts, with 30% adding specialists to their boards. Workforce attraction and retention have become critical concerns for directors, ranking just behind geopolitical and economic uncertainties.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
none
-
Rhea-AI Summary

Heidrick & Struggles International, Inc. reported strong first quarter 2024 results with a quarterly revenue of $265 million, an 11% year-over-year growth, and a diluted EPS of $0.67. The company declared a $0.15 per share cash dividend. Despite the acquisition of Atreus and businessfourzero, consolidated net revenue was $265.2 million, up 11% from the previous year. Adjusted EBITDA was $25.9 million, with a margin of 9.8%. Net income was $14.0 million. CEO Tom Monahan highlighted double-digit revenue growth and solid margin performance. The company aims to leverage its assets to create more value for clients, people, and shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
-
Rhea-AI Summary

Heidrick & Struggles, a global leadership advisory firm, expanded its team by adding a partner and a consultant in the Americas. Stacy Hostetler joined as a partner in the Healthcare & Life Sciences Practice, focusing on medical devices and digital health. Adam Rubin joined as a consultant in the Purpose-Driven Change practice, focusing on integrating purpose, strategy, and culture. Both appointments bring extensive industry experience to provide innovative talent solutions and drive organizational impact.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
none
Rhea-AI Summary
Heidrick & Struggles (Nasdaq: HSII) has scheduled a conference call to discuss its 2024 first quarter financial results on May 6, 2024, at 5:00pm ET. The call will be accessible via webcast and phone, with replay options available. Investors can tune in for updates on the company's performance and financial status.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
-
Rhea-AI Summary
Heidrick & Struggles announces promotions of 11 Partners, 15 Principals, and 2 Senior Client Principals across 18 cities in 9 countries, emphasizing internal investment in people.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
management
-
Rhea-AI Summary
Heidrick & Struggles International, Inc. (HSII) reports record annual net revenue exceeding $1 billion for the third consecutive year. The company's fourth-quarter highlights include a 7% year-over-year increase in net revenue to $253.2 million and a 38% rise in adjusted EBITDA to $35.8 million. Despite a 4% decline in net revenue for FY 2023, the adjusted EBITDA increased by 4% to $125.6 million. On-Demand Talent and Heidrick Consulting drove revenue growth, representing 27% of the fourth-quarter revenue. The company's diversified solutions grew by 44% in 2023. Heidrick & Struggles aims to leverage market conditions for revenue and profitability growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.96%
Tags
Rhea-AI Summary
Heidrick & Struggles (HSII) welcomed Jay Feinstein as a partner in the Healthcare & Life Sciences Practice in January 2024. Jay brings expertise in health services, devices, biotech, and related fields. His industry experience in assembling cross-functional teams will aid clients in innovative talent solutions in the challenging economic environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
Tags
none

FAQ

What services does Heidrick & Struggles offer?

Heidrick & Struggles offers executive search, leadership consulting, and on-demand talent solutions globally.

Where is Heidrick & Struggles headquartered?

The company operates from principal business centers in North America, Latin America, Europe, and Asia Pacific.

What recent acquisitions has Heidrick & Struggles made?

Recent acquisitions include Atreus Group and businessfourzero, expanding their On-Demand Talent and Consulting segments.

How did Heidrick & Struggles perform in the latest financial quarter?

For Q2 2023, the company reported consolidated net revenue of $271.2 million and an adjusted EBITDA of $36.4 million.

What is the One Heidrick strategy?

The One Heidrick strategy integrates executive search, on-demand talent, and consulting services to provide comprehensive leadership solutions.

How is Heidrick & Struggles leveraging technology?

The company is investing in digital capabilities, including the Heidrick Navigator SaaS product, to enhance client services.

What is Heidrick Consulting?

Heidrick Consulting offers services in leadership assessment, organizational development, team acceleration, and culture shaping.

How does Heidrick & Struggles support diversity and inclusion?

The company provides leadership consulting services that focus on creating diverse and inclusive organizational cultures.

What is the market reach of Heidrick & Struggles?

With operations in North America, Latin America, Europe, and Asia Pacific, the company serves clients globally.

How can I learn more about Heidrick & Struggles' culture change services?

For more information, visit www.senndelaney.com.

Heidrick & Struggles International, Inc.

Nasdaq:HSII

HSII Rankings

HSII Stock Data

705.46M
20.25M
2.35%
93.35%
2.54%
Human Resources Consulting Services
Professional, Scientific, and Technical Services
Link
United States of America
CHICAGO