Heidrick & Struggles Intl Inc Stock Price, News & Analysis

The 2023 High-End Independent Talent Report by Business Talent Group reveals a 116% increase in demand for interim leadership year-over-year, highlighting the need for high-end talent amidst economic uncertainty.

Requests for interim roles in the C-suite surged, especially for CFOs (103%) and controllers (233%), indicating a critical skills gap. The report states that companies are turning to on-demand talent to navigate challenges, with a significant 220% year-over-year rise in CEO requests. Additionally, investment in tech transformation has grown by 20% as firms adapt to rapid advancements.

Heidrick & Struggles (Nasdaq: HSII) has announced its acquisition of businessfourzero, a consultancy based in London, specializing in purpose-driven change. This strategic move is aimed at enhancing Heidrick's existing leadership advisory and culture solutions, enabling the firm to better assist clients in navigating significant business transformations. Over 80% of CEOs surveyed by Heidrick indicate a heightened focus on culture, emphasizing its role in improving financial performance and employee engagement. The acquisition, expected to close in April 2023, is anticipated to strengthen Heidrick's consulting services and expand its international reach.

Heidrick & Struggles (Nasdaq: HSII) announced that Chief Financial Officer Mark Harris will participate in investor meetings on March 22, 2023, and present at the Sidoti Virtual Investor Conference on March 23, 2023. Harris's presentation is scheduled from 10:45 a.m. to 11:15 a.m. Eastern Time. Investors can access the live webcast and replay by visiting the Company’s website's Investor Relations section or through a direct link provided in the announcement.

Heidrick & Struggles is a global leader in leadership advisory and talent solutions, assisting organizations in developing strong leadership teams.

Heidrick & Struggles (Nasdaq: HSII) has announced the appointment of Elizabeth Linhart as a Principal in their Dallas office, focusing on the Industrial Practice. With experience in the oil and gas sector, Linhart is set to assist clients in identifying top talent amidst current economic uncertainties. Jaimee Eddington, Regional Leader, stated that her skills will help organizations achieve greater alignment and meet strategic goals. Heidrick & Struggles is a leader in providing global leadership advisory and talent solutions, with over 65 years of experience in executive search and human capital consultancy.

On February 28, 2023, Heidrick & Struggles (Nasdaq: HSII) announced the promotion of 19 Partners, 29 Principals, and one Senior Client Principal in its Executive Search and Heidrick Consulting divisions across 22 cities in 14 countries. President and CEO Krishnan Rajagopalan emphasized the firm's commitment to leadership development and organizational culture amidst a dynamic marketplace. The promoted individuals are recognized for their strong leadership and innovative thinking, reinforcing the firm's strategic focus on talent management and human capital solutions, positioning HSII for continued growth and client engagement.

Heidrick & Struggles International (Nasdaq: HSII) announced its Q4 2022 results, revealing a net revenue of $235.7 million, a 14.6% decline year-over-year. Adjusted EBITDA stood at $30.9 million with an operating margin of 8.4%. Despite a successful fiscal year, with a 7% increase in annual revenue to $1.07 billion, Executive Search revenue fell 18%. The firm acquired Atreus on February 1, 2023, enhancing its On-Demand Talent segment. A dividend of $0.15 per share was declared, reflecting ongoing commitment to shareholder returns. The 2023 outlook anticipates net revenue between $235 million and $255 million, amidst economic uncertainties.

Heidrick & Struggles (Nasdaq: HSII) announced the addition of four new consultants to its Executive Search division in the Americas, enhancing its presence in Latin America. This follows a strategic investment in December 2022 aimed at expanding services in the region, which includes Ecuador, Panama, and Central America. The new team members are well-experienced, with backgrounds in consumer markets, healthcare, and educational consulting. Paulo Mendes, Regional Leader for Latin America, emphasized the increased demand for executive talent as a driving force behind this expansion.

Heidrick & Struggles (Nasdaq: HSII) announced a quarterly conference call to discuss its fourth quarter and full year 2022 financial results, scheduled for February 27, 2023, at 5:00 PM ET. The call will be accessible via live webcast on the company's investor relations webpage. Investors can also join the call by dialing +1-888-440-4091 or +1-646-960-0846, using conference ID 6106012. A replay of the webcast will be available approximately two hours after the call concludes. Heidrick & Struggles specializes in leadership advisory and talent solutions, serving top organizations globally.

Heidrick & Struggles (Nasdaq: HSII) has successfully completed the acquisition of Atreus, a leading executive interim management firm in Germany. This acquisition is a strategic move to enhance Heidrick's On-Demand Talent segment, expanding its capabilities in the growing global talent market. The combined strengths of Atreus and Heidrick’s existing Business Talent Group will facilitate greater service offerings across Europe. CEO Krishnan Rajagopalan emphasized the importance of this acquisition for driving growth and addressing market demands, as 85% of surveyed executives anticipate increased use of on-demand talent services.