Heidrick & Struggles Intl Inc Stock Price, News & Analysis

Heidrick & Struggles (Nasdaq: HSII) announced its Q3 2022 results, reporting net revenue of $255.2 million and diluted EPS of $1.02. Operating income was $28.3 million, with an operating margin of 11.1%. Despite unfavorable foreign exchange impacts, consolidated net revenue saw a 0.7% increase year-over-year on a constant currency basis. Cash and equivalents totaled $456.0 million, up 30.9% from a year ago, while the company anticipates Q4 revenue between $215 million and $235 million. A dividend of $0.15 per share was declared for Q4.

On October 18, 2022, Heidrick & Struggles (HSII) announced the addition of five new professionals to enhance their executive search and consulting capabilities in the Americas. This includes one partner in executive search and four new consultants in Heidrick Consulting, based in Chicago, New York, São Paulo, and Toronto. These additions aim to strengthen talent solutions amid economic uncertainty, focusing on leadership development and organizational strategy. The firm continues to position itself as a leader in global leadership advisory services.

Heidrick & Struggles (Nasdaq: HSII) will hold a conference call on October 24, 2022, at 5:00 PM ET to discuss its third quarter financial results. The call will be available via live webcast from their website, with a phone option at +1-888-440-4091 or +1-646-960-0846 (conference ID: 6106012). A replay of the webcast will be accessible two hours post-conclusion. Heidrick & Struggles specializes in providing global leadership advisory and talent solutions for senior-level organizations.

Heidrick & Struggles (Nasdaq: HSII) announced the addition of William (Will) Krents as Principal in their Executive Search business in Boston in July 2022. With over 15 years of experience, Krents specializes in developing international leadership teams and has previously served as global director of business development at a leading specialty chemicals company. Jaimee Eddington, Regional Leader, emphasized the need for tailored talent solutions in today's economic climate to support organizational performance and sustainable culture.

The latest Skills Index from Business Talent Group reveals significant increases in demand for various skills amid economic uncertainty. Key findings include a 500% surge in demand for artificial intelligence and machine learning, a 400% growth in cost reduction expertise, and substantial increases in human resources roles by 314%. The report reflects a trend where 59% of CEOs cite labor shortages as a major disruptor, highlighting the urgency for companies to adapt their talent strategies to maintain competitive advantage.

Heidrick & Struggles International reported record net revenue of $298.7 million for Q2 2022, reflecting a 14.9% increase from the previous year. The company achieved an operating income of $33.9 million and net income of $24.1 million, yielding diluted earnings per share of $1.19, the highest in its history. Notably, cash and cash equivalents reached $336.6 million, a 41.5% rise year-over-year. The firm expects Q3 consolidated net revenue between $260 million and $270 million, influenced by various external factors.

Heidrick & Struggles (HSII) will conduct its quarterly conference call to discuss the second quarter financial results on July 25, 2022, at 5:00 pm ET. The live webcast will be available on the company’s investor relations website, and a replay will be accessible two hours after the call concludes. Known for providing global leadership advisory and talent solutions, Heidrick & Struggles has been a pioneer in executive search for over 65 years. Further details can be found on their official website.