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.

Earnings data Q4 2020

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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.

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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 / May 3, 2022 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of on-demand, executive search, and commercial staffing services, today announced that it will hold a conference call on Tuesday, May 10, 2022, at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2022.

HireQuest, Inc. to Hold First Quarter 2022 Financial Results Conference Call on Tuesday, May 10, 2022

HQI operates under a franchise model, resulting in higher margins compared to peers. EPS has a great chance of growing 25% this year when compared to last.

HireQuest: A Different Player In Temporary Staffing

HireQuest, Inc. (HQI) CEO Rick Hermanns on Q4 2021 Results - Earning Calls Transcript

Q4 2021 EPS of $0.16 per Diluted Share, Net Income of $2.2 million, and Adjusted EBITDA of $3.5 million Full Year 2021 EPS of $0.87 per Diluted Share, Net Income of $11.8 million, and Adjusted EBITDA of $14.7 million GOOSE CREEK, SC / ACCESSWIRE / March 15, 2022 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of on-demand, executive search, and commercial staffing services, today reported financial results for the fourth quarter and year ended December 31, 2021. Fourth Quarter 2021 Summary Franchise royalties increased 88% to $6.1 million compared to $3.2 million in the prior year period.

HireQuest Reports Financial Results for the Fourth Quarter and Year End 2021

GOOSE CREEK, SC / ACCESSWIRE / March 7, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, commercial, and professional staffing services, today announced that it will hold a conference call on Tuesday, March 15, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and year ended December 31, 2021.

HireQuest, Inc. To Hold Fourth Quarter and Year End 2021 Financial Results Conference Call on Tuesday, March 15, 2022

GOOSE CREEK, SC / ACCESSWIRE / February 28, 2022 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has completed the previously disclosed acquisition of Northbound Executive Search, LTD., a New York, New York based provider of executive placement and short-term consultant services primarily to blue chip clients in the financial services industry.

HireQuest, Inc. Announces Closing of Northbound Executive Search Acquisition

GOOSE CREEK, SC / ACCESSWIRE / February 22, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has completed the previously disclosed acquisition of The Dubin Group and Dubin Workforce Solutions, related founder-owned businesses in Philadelphia, Pennsylvania that provide executive placement services and commercial staffing, respectively. Simultaneously with the closing of the acquisition, HireQuest, Inc. closed on the sale of Dubin Workforce Solutions to a new franchisee and completed the conversion of the business to its HireQuest Direct model.

HireQuest, Inc. Announces Closing of The Dubin Group and Dubin Workforce Solutions Acquisition

HireQuest to Acquire Executive Placement and Short-term Consultant Firm in New York GOOSE CREEK, SC / ACCESSWIRE / January 25, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire Northbound Executive Search, LTD., (northboundsearch.com) in New York, New York.

HireQuest, Inc. Announces Acquisition of Northbound Executive Search

GOOSE CREEK, SC / ACCESSWIRE / January 24, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has completed the previously disclosed acquisition of the staffing division of dmDickason Personnel Services, a family-owned company with two offices in El Paso, Texas and one office in Las Cruces, New Mexico. Simultaneously with the closing of the acquisition, HireQuest, Inc. closed on the sale of these offices to a franchisee, and completed the conversion of the three locations to its Snelling franchise model.

HireQuest, Inc. Announces Closing of dmDickason Acquisition

HireQuest Inc (NASDAQ: HQI) has agreed to acquire the operational assets of The Dubin Group, Inc. and Dubin Workforce Solutions, Inc., related founder-owned businesses in Philadelphia, Pennsylvania, that provide executive placement services and commercial staffing, respectively. Financial terms were not disclosed.

HireQuest To Acquire Commercial Staffing, Executive Placement Providers In Philadelphia

HireQuest to Acquire Commercial Staffing and Executive Placement Providers in Philadelphia GOOSE CREEK, SC / ACCESSWIRE / January 19, 2022 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire the operational assets of The Dubin Group, Inc. and Dubin Workforce Solutions, Inc., related founder-owned businesses in Philadelphia, Pennsylvania that provide executive placement services and commercial staffing, respectively. "This acquisition not only expands our HireQuest Direct and Snelling offerings in the Northeast, but it also provides us a toehold into higher margin executive placement services in the region," commented Rick Hermanns, HireQuest's President and Chief Executive Officer, ""We are delighted that Kenny Dubin, the founder of these companies, has agreed to stay on to help further develop these offerings.

HireQuest, Inc. Announces Acquisition of The Dubin Group, Inc. and Dubin Workforce Solutions, Inc.

HireQuest Inc (NASDAQ: HQI) has agreed to acquire the staffing division of dmDickason Personnel Services, a family-owned company based in El Paso, Texas. Deal terms were not disclosed.

HireQuest To Acquire 3 Commercial Staffing Locations In West Texas, New Mexico

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire the staffing division of dmDickason Personnel Services, a family-owned company based in El Paso, Texas. The staffing division has three offices, two in El Paso, Texas, and one in Las Cruces, New Mexico, which generated approximately $18 million in revenue in 2021. "This acqui

HireQuest, Inc. Announces Acquisition of dmDickason's Staffing Division

DA Davidson analyst Michael Baker initiated HireQuest Inc (NASDAQ:HQI) with a Buy rating and a price target of $26, implying an upside of 27%. The analyst sees HireQuest as a "compelling" small-cap growth idea offering a differentiated franchise model in the temporary staffing business.

DA Davidson Is Bullish On This Staffing Company, Sees 27% Upside

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has completed the previously disclosed acquisition of the Dental Power Staffing (“DPS”) division of Dental Power (www.dentalpower.com), a 46 year old dental staffing company headquartered in Carrboro, North Carolina. Dental Power's DPS division is a leading provider of temporary, long-term contract, and direct-hire staffing s

HireQuest, Inc. Announces Closing of Dental Power Staffing Acquisition

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that David S. Burnett has joined the company as Chief Financial Officer. Mr. Burnett is a highly accomplished CFO who brings an extensive array of financial experience to HireQuest, including a background with global public company corporate finance, treasury operations, and acquisition strategy. "We are very excited to have David jo

HireQuest, Inc. Appoints New Chief Financial Officer

HireQuest, Inc. (HQI) CEO Rick Hermanns on Q3 2021 Results - Earnings Call Transcript

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today reported financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Summary Franchise royalties of $6.5 million compared to $3.2 million in the prior year period, an increase of 103.2%. Organic royalty revenue increased 52% over the prior year period and the branches acquired from Link and Snelling in the first quarte

HireQuest Reports Financial Results for the Third Quarter 2021

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire the Dental Power Staffing (“DPS”) division of Dental Power (www.dentalpower.com), a 46-year-old dental staffing company headquartered in Carrboro, North Carolina. Dental Power's DPS division is a leading provider of temporary, long-term contract, and direct-hire staffing serv

HireQuest, Inc. Announces Acquisition of a Division of Dental Power

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it will hold a conference call on Thursday, November 11, 2021 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2021. Date: Thursday, November 11, 2021 Time: 4:30 p.m. Eastern time Toll-free dial-in number: 1-877-545-0523 International dial-in number: 1-973-528-0016 Entry Code:

HireQuest Sets Third Quarter 2021 Financial Results Conference Call for Thursday, November 11, 2021 at 4:30 p.m. ET

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has acquired Recruit Media, Inc., an HR tech start-up with a next-gen SaaS recruitment platform. The transaction was paid for with cash on hand and a modest revolver draw. Recruit Media enables candidates to create rich multimedia profiles to better differentiate themselves and convey their skills to potential employers. It a

HireQuest, Inc. Announces Acquisition of Recruit Media, Inc.

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced the hiring of retired United States Marine Corps Colonel C. J. Williams as Vice President of VetsQuest, powered by HireQuest, a mission-focused initiative to provide employment and franchise ownership opportunities for United States military veterans and their families. In this newly created role, Col. Williams will lead HireQuest's

HireQuest, Inc. Announces New Vice President of VetsQuest

HireQuest's (HQI) CEO Rick Hermanns on Q2 2021 Results - Earnings Call Transcript

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today reported financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Summary Franchise royalties of $5.5 million compared to $2.6 million in the prior year period, an increase of 106.5%. The branches acquired from LINK and Snelling in the first quarter of 2021 comprised approximately $1.7 million of the revenue. Services

HireQuest Reports Financial Results for the Second Quarter 2021

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has launched DriverQuest, a new franchise offering providing staffing services to the transportation and logistics industries. DriverQuest will focus on staffing drivers for both long-haul and the high-growth last-mile segments of the market. “We are excited to announce the launch of DriverQuest,” commented Rick Hermanns, Hir

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