HireQuest Inc

HireQuest, Inc. engages in the provision of staffing services. It offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives. The company was founded in 1998 and is headquartered in Goose Creek, SC.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

HireQuest Inc (HQI) posts robust Q4 earnings, eyes growth opportunities

HireQuest Inc (HQI) reported strong financial results for Q4 2022, driven by revenue and income growth. The acquisition of MRI Network expands the company's reach, while challenges persist in integration and margin uncertainties. Despite these hurdles, HireQuest is optimistic about future growth opportunities.

HireQuest Inc reports robust Q1 earnings, eyes strategic growth opportunities

HireQuest Inc's Q1 2023 earnings call showcased strong financial performance driven by revenue growth and increased net income. While challenges exist in managing expenses post-acquisition and addressing softening demand, the company's strategic focus on long-term synergies and relationship-building with franchisees positions them well for sustainable growth.

HireQuest Inc reports revenue growth in Q2 2023 amidst acquisition focus

HireQuest Inc's Q2 2023 performance reflects revenue growth but declining EBITDA, with a focus on expense management and integration of acquisitions. The company navigates wage pressures and economic uncertainties while eyeing strategic acquisitions to capitalize on a conservative balance sheet.

HireQuest Inc reports strong Q3 growth amidst challenges, eyes expansion

HireQuest Inc's Q3 2023 showcased robust revenue growth, operational efficiency, and strategic acquisitions driving performance.
While challenges like economic cyclicality and workers' comp expenses persist, the company remains focused on growth and improvement.
With a strong balance sheet, committed leadership, and opportunities for operational enhancements, HireQuest is poised for continued success.

HireQuest Inc reports robust Q4 earnings, eyes growth opportunities

HireQuest Inc delivered strong financial results in Q4 2023 and full-year 2023, showcasing revenue growth, profitability, and operational efficiency.
Despite industry challenges, the company's focus on controlling expenses, maintaining profitability, and pursuing strategic acquisitions positions it for future success.
With a solid balance sheet, low debt, and a commitment to shareholder value, HireQuest is well-equipped to navigate challenges and capitalize on growth opportunities.

HireQuest reports solid Q1 earnings, eyes growth amid industry challenges

HireQuest Inc (HQI) delivered a solid performance in Q1 2024, focusing on expense management and profitability amidst industry challenges.
The company's strong balance sheet, dividend payments, and strategic focus on M&A highlight its financial stability and growth potential.
While facing revenue declines and market uncertainties, HireQuest remains optimistic about future prospects and growth opportunities in the staffing industry.

HireQuest Inc reports profitable Q2, eyes growth amidst market optimism

HireQuest Inc (HQI) navigated Q2 2024 with sustained profitability, focusing on cost management and leveraging their franchising model.
While facing challenges such as a slight revenue decline, the company remains optimistic about growth opportunities in the staffing market.
With a strong balance sheet, successful M&A strategy, and commitment to shareholder value, HireQuest is poised for continued success.
CEO's optimism for the future reflects a strategic outlook towards driving growth and maximizing opportunities in the second half of 2024.

HireQuest Inc. reports revenue growth and strategic acquisitions in Q3

HireQuest Inc. delivered solid financial performance in Q3 2024, with revenue growth and improved cost management.
Despite challenges like the impairment charge, the company remains resilient and focused on strategic acquisitions for growth.
Opportunities lie in market expansion, strengthening balance sheet, and capitalizing on the recovery of staffing sectors.

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HireQuest, Inc. engages in the provision of staffing services. It also offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives. The company was founded in 1998 and is headquartered in Goose Creek, SC.

HireQuest stands out in the staffing industry because it has a proven asset-light franchise model, an aggressive acquisition strategy, management talent, and material ownership in the common stock. Despite recent price underperformance, the company's impressive prior four-year profitable operations, solid balance sheet, cost controls, and disciplined approach to acquisitions present a compelling mean reversion and growth opportunity. HireQuest expects better performance in 2025 due to market stabilization and cost control.

HireQuest: Asset-Light Franchising, Strategic Acquisitions, And Profitable Growth

GOOSE CREEK, SC / ACCESSWIRE / November 12, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that its Board of Directors has declared a quarterly dividend of $0.06 per share. The dividend is payable December 16, 2024, to shareholders of record at the close of business on December 2, 2024.

HireQuest, Inc. Declares Quarterly Dividend

HireQuest, Inc. (NASDAQ:HQI ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants John Nesbett - IMS, Investor Relations Rick Hermanns - Chief Executive Officer Steve Crane - Chief Financial Officer Conference Call Participants Mike Baker - D.A. Davidson Kevin Steinke - Barrington Research Operator Good afternoon, everyone, and welcome to the HireQuest, Incorporated Third Quarter 2024 Earnings Call.

HireQuest, Inc. (HQI) Q3 2024 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.12 per share a year ago.

HireQuest, Inc. (HQI) Q3 Earnings and Revenues Beat Estimates

GOOSE CREEK, SC / ACCESSWIRE / November 7, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Summary Franchise royalties increased 0.9% to $9.0 million compared to $8.9 million in the prior year period.

HireQuest Reports Financial Results for Third Quarter 2024

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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--FRMO Corp. has expanded the size of the Board of Directors to nine and has appointed R. Rimmy Malhotra to the Board.

FRMO Corp. Appoints R. Rimmy Malhotra to Board of Directors

GOOSE CREEK, SC / ACCESSWIRE / October 31, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Thursday, November 7, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2024.

HireQuest, Inc. to Hold Third Quarter 2024 Financial Results Conference Call on Thursday, November 7, 2024

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The staffing industry has been benefiting from a resilient labor market. Three stocks to buy are RCMT, HQI, MAN.

Buy 3 Staffing Stocks With Excellent Price Upside Amid Strong Job Data

HireQuest reports remote work and return-to-work strategies are more complicated than many executives and employees acknowledge. GOOSE CREEK, S.C.

Data Shows Return-to-Work Mandates Should Consider a More Flexible Approach

Kelly Services

The economic downturn in the manufacturing sector is casting a shadow over the Zacks Staffing Firms industry. HQI, KELYA and RCMT are likely to be the frontrunners, riding on strong service activities, the rising adoption of remote work and growing technology adoption.

Here are 3 Staffing Stocks to Consider Despite Industry Woes

Shares have remained range bound this year as the company deals with a challenging environment in the staffing industry. Q2 results highlighted the company's ability to maintain solid profitability despite a decline in revenue. Although early indicators for Q3 are positive, significant upside in the share price will largely depend on management's success in executing its M&A strategy.

HireQuest Q2 Earnings: Revenue Declines Continue, But Encouraging Signs Emerge

HireQuest, Inc. (NASDAQ:HQI ) Q2 2024 Earnings Call August 8, 2024 4:30 PM ET Company Participants John Nesbett - Investor Relations Rick Hermanns - Chief Executive Officer Steve Crane - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Research Operator Good afternoon, everyone, and welcome to the HireQuest, Inc. Second Quarter 2024 Earnings Call. [Operator Instructions] Please note, this conference is being recorded.

HireQuest, Inc. (HQI) Q2 2024 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.15 per share a year ago.

HireQuest, Inc. (HQI) Q2 Earnings and Revenues Surpass Estimates

GOOSE CREEK, SC / ACCESSWIRE / August 8, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Summary Franchise royalties decreased 6.2% to $8.2 million compared to $8.7 million in the prior year period.

HireQuest Reports Financial Results for Second Quarter 2024

GOOSE CREEK, SC / ACCESSWIRE / July 29, 2024 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Thursday, August 8, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2024.

HireQuest, Inc. to Hold Second Quarter 2024 Financial Results Conference Call on Thursday, August 8, 2024

HireQuest, Inc. (NASDAQ:HQI ) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants John Nesbett – IMS Investor Relations Rick Hermanns – Chief Executive Officer Steve Crane – Chief Financial Officer Conference Call Participants Kevin Steinke – Barrington Research Operator Greetings. Welcome to the HireQuest, Inc. First Quarter 2024 Earnings Call.

HireQuest, Inc. (HQI) Q1 2024 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.17 per share a year ago.

HireQuest, Inc. (HQI) Q1 Earnings and Revenues Lag Estimates

GOOSE CREEK, SC / ACCESSWIRE / May 9, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Summary Franchise royalties decreased 16.0% to $7.8 million compared to $9.3 million in the prior year period.

HireQuest Reports Financial Results for First Quarter 2024

GOOSE CREEK, SC / ACCESSWIRE / April 29, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Thursday, May 9, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2024.

HireQuest, Inc. to Hold First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024

HireQuest, Inc. (HQI) Q4 2023 Earnings Call Transcript

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