Heidrick & Struggles Intl Inc Stock Price, News & Analysis

A new global survey by Heidrick & Struggles, BCG, and INSEAD reveals mixed progress in board governance across key challenges. While 77% of boards acknowledge their responsibility to address sustainability concerns, only 36% feel prepared for AI disruption, and 37% believe they have adequate geopolitical risk strategies.

The study highlights significant leadership tensions, with 29% of directors lacking faith in their CEO's ability to navigate uncertainty, while 26% of CEOs doubt their board's effectiveness. Half of the respondents express uncertainty about their company's readiness to identify new threats and opportunities related to sustainability, generative AI, and geopolitics. Despite 54% believing business objectives should remain primary, boards are increasingly recognizing the need to balance traditional governance with emerging challenges.

Heidrick & Struggles reported strong Q3 2024 financial results with net revenue increasing 5.9% year-over-year to $278.6 million. The company achieved growth across all business segments, with Executive Search revenue up 2.8%, On-Demand Talent up 12.6%, and Heidrick Consulting up 19.9%. Net income was $14.8 million with diluted EPS of $0.71. The company maintained strong profitability with an Adjusted EBITDA of $30.4 million and a margin of 10.9%. The Board declared a quarterly cash dividend of $0.15 per share. For Q4 2024, the company projects consolidated net revenue between $255 million and $275 million.

A new report by The Conference Board, ESGAUGE, Heidrick & Struggles, and Semler Brossy reveals increasing pressure on underperforming CEOs. 42% of S&P 500 companies that changed CEOs in 2024 had total shareholder returns below the 25th percentile, up from 30% in 2017. While women CEOs increased to 10% in S&P 500 companies, 69% lead smaller firms with revenue under $5 billion. The study shows 77% of new S&P 500 CEOs were internal hires, with external hires commanding 33% higher compensation. CEOs are staying longer, with succession rates for those 64+ dropping 8% in 2024, potentially indicating a future 'retirement cliff'.

Heidrick & Struggles (Nasdaq: HSII), a global leader in leadership advisory and on-demand talent solutions, has announced two important upcoming events for investors:

1. Q3 2024 Earnings Call: Scheduled for Monday, November 4, 2024, at 5:00pm ET. The call will discuss the company's third quarter financial results for 2024. Investors can access the call via webcast on Heidrick's website or by phone using the provided dial-in numbers.

2. Investor Day: Set for Tuesday, December 3, 2024, from 8:30am to 11:30am ET at the Nasdaq MarketSite in New York City. This event will feature presentations and Q&A sessions with Heidrick's management team. A live webcast will be available for those unable to attend in person.

Both events will be accessible through the investor relations section of Heidrick & Struggles' website, with webcasts and replays available.

Heidrick & Struggles International, Inc. (Nasdaq: HSII) has announced the appointment of Vijaya Kaza and Timothy Carter as independent directors to its Board of Directors, effective immediately. Concurrently, long-serving board member Lyle Logan will depart on September 26. Following these changes, the Board will consist of nine directors, with eight being independent.

Vijaya Kaza, currently Chief Security Officer & VP of Engineering - Trust and Safety at Airbnb, brings over 20 years of experience in the technology sector. Timothy Carter, former CFO of Piper Sandler Companies, has over 30 years of financial leadership experience. Both appointments are expected to enhance the Board's capabilities in areas such as digital transformation, cybersecurity, and financial expertise.

CEO Tom Monahan expressed enthusiasm for the new appointments, highlighting their potential contributions to the company's innovation and growth strategies across diverse industries.

Heidrick & Struggles (Nasdaq: HSII), a leading global leadership advisory and talent solutions provider, has announced its participation in the 17th Annual Barrington Research Virtual Fall Investment Conference. The event is scheduled for Thursday, September 12th.

Tom Monahan, Chief Executive Officer, and Suzanne Rosenberg, Vice President of Investor Relations, will represent the company. They will be engaging in investor meetings throughout the day, offering insights into Heidrick & Struggles' operations and strategy.

This participation underscores Heidrick & Struggles' commitment to maintaining strong relationships with investors and keeping them informed about the company's progress and future plans. The virtual format of the conference aligns with current trends in investor relations, allowing for efficient and widespread engagement.

Heidrick & Struggles (HSII) reported strong Q2 2024 results with net revenue growing to $278.6 million, driven by all businesses. The company achieved an Adjusted EBITDA of $28.8 million with a 10.3% margin. Executive Search net revenue increased by 1.5% to $210.0 million, while On-Demand Talent and Heidrick Consulting saw growth of 6.8% and 6.2% respectively. Despite a complex operating environment, HSII implemented restructuring for accelerated growth and declared a $0.15 per share cash dividend. The company expects Q3 2024 consolidated net revenue between $260 million and $280 million, acknowledging potential impacts from external factors.

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.

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.