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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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.

GOOSE CREEK, SC / ACCESSWIRE / March 21, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Summary Franchise royalties increased 15.9% to $8.9 million compared to $7.7 million in the prior year period.

HireQuest Reports Financial Results for Fourth Quarter and Year End 2023

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GOOSE CREEK, SC / ACCESSWIRE / March 13, 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 March 21, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and year ended December 31, 2023.

HireQuest, Inc. to Hold Fourth Quarter and Year End 2023 Financial Results Conference Call on Thursday, March 21, 2024

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NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HireQuest, Inc. ("HireQuest" or the "Company") (NASDAQ: HQI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of HireQuest, Inc. - HQI

GOOSE CREEK, SC / ACCESSWIRE / December 4, 2023 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it has closed the acquisition of TEC Staffing Services ("TEC") (tecjobs.net), headquartered in Fort Smith, Arkansas. Simultaneously with the closing of the acquisition, HireQuest closed the sale of all TEC's offices throughout Northwest and Central Arkansas to franchisees and completed their conversion to HireQuest's Snelling franchise model.

HireQuest, Inc. Closes Acquisition of TEC Staffing Services

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GOOSE CREEK, SC / ACCESSWIRE / November 13, 2023 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced the appointment of Steven Crane as Chief Financial Officer. In his new role, Mr.

HireQuest, Inc. Appoints Steven Crane as Chief Financial Officer

HireQuest, Inc (NASDAQ:HQI ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants John Nesbett - Investor Relations Rick Hermanns - Chief Executive Officer David Burnett - Chief Financial Officer Conference Call Participants Mike Baker - D.A. Davidson Kevin Steinke - Barrington Research Operator Greetings and welcome to the HireQuest Inc. Third Quarter 2023 Earnings Call.

HireQuest, Inc (HQI) Q3 2023 Earnings Call Transcript

GOOSE CREEK, SC / ACCESSWIRE / November 8, 2023 / 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, 2023. Third Quarter 2023 Summary Franchise royalties increased 19.9% to $8.9 million compared to $7.4 million in the prior year period.

HireQuest Reports Financial Results for Third Quarter 2023

HireQuest provides temporary employees to other companies, benefiting from the increasing number of men in the US not formally working. HQI's franchise model allows for higher margins and decentralized operations, reducing the need for full-time staff. Although the future looks promising, the current macroeconomic situation and valuation make me opt for a 'hold' rating.

HireQuest: A Good Option In An Economic Recovery, But A Hold Now

GOOSE CREEK, SC / ACCESSWIRE / October 26, 2023 / 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 Wednesday, November 8, 2023, at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2023.

HireQuest, Inc. to Hold Third Quarter Financial Results Conference Call on Wednesday, November 8, 2023

GOOSE CREEK, SC / ACCESSWIRE / October 24, 2023 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire TEC Staffing Services ("TEC") (tecjobs.net), headquartered in Fort Smith, Arkansas. TEC's ten offices throughout Northwest and Central Arkansas provide light industrial, clerical, technical, and professional staffing services, and generated over $34 million in total revenue for the trailing 12-month period ended September 30, 2023.

HireQuest, Inc. Enters Definitive Agreement to Acquire TEC Staffing Services

I am upgrading HireQuest to a buy with a $30 price target based on my 2024 EBITDA estimate of $21.68 million and a 20x EBITDA multiple. This opportunity is available as the stock dropped sharply due to disappointing Q2 earnings were released and negative comments about Q3 and Q4 from CEO Rick Hermanns. I believe this drop also occurred due to some investors losing patience as they were waiting for expenses to roll off from the MRI acquisition.

HireQuest: Short-Term Worries Have Created An Opportunity

Hirequest, Inc. (NASDAQ:HQI ) Q2 2023 Earnings Conference Call August 10, 2023 4:30 PM ET Company Participants John Nesbett - IR, Institutional Marketing Services Richard Hermanns - Chairman, President & CEO David Burnett - CFO Conference Call Participants Michael Baker - D.A. Davidson & Co. Kevin Steinke - Barrington Research Associates Aaron Edelheit - Mindset Capital Michael Albanese - EF Hutton Operator Greetings, and welcome to the HireQuest Inc. Second Quarter 2023 Earnings Conference Call.

Hirequest, Inc. (HQI) Q2 2023 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.35 per share a year ago.

HireQuest, Inc. (HQI) Misses Q2 Earnings and Revenue Estimates

GOOSE CREEK, SC / ACCESSWIRE / August 10, 2023 / 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, 2023. Second Quarter 2023 Summary Franchise royalties increased 20.5% to $8.7 million compared to $7.2 million in the prior year period.

HireQuest Reports Financial Results for Second Quarter 2023

GOOSE CREEK, SC / ACCESSWIRE / July 27, 2023 / 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 10, 2023, at 4:30 p.m. Eastern Time to discuss its financial results for the second quarter ended August 10, 2023.

HireQuest, Inc. to Hold Second Quarter Financial Results Conference Call on Thursday, August 10, 2023

HireQuest, Inc. (NASDAQ:HQI ) Q1 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants John Nesbett – Investor Relations-IMS Rick Hermanns – President and Chief Executive Officer David Burnett – Chief Financial Officer Conference Call Participants Kevin Steinke – Barrington Matthew Hayes – D.A. Davidson Mike Albanese – EF Hutton Aaron Edelheit – Mindset Capital Operator Good afternoon everybody.

HireQuest, Inc. (HQI) Q1 2023 Earnings Call Transcript

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.26 per share a year ago.

HireQuest, Inc. (HQI) Q1 Earnings Miss Estimates

Q1 2023 Royalty Revenue Grows 41.8% YoY to $9.3 million Q1 2023 Net Income from Continuing Operations Increases 372.1% YoY to $2.3 million GOOSE CREEK, SC / ACCESSWIRE / May 11, 2023 / 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, 2023. First Quarter 2023 Summary Franchise royalties increased 41.8% to $9.3 million compared to $6.6 million in the prior year period.

HireQuest Reports Financial Results for First Quarter 2023

GOOSE CREEK, SC / ACCESSWIRE / April 27, 2023 / 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 11, 2023, at 4:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2023.

HireQuest, Inc. to Hold First Quarter Financial Results Conference Call on Thursday, May 11, 2023

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