Welcome to our dedicated page for Hirequest news (Ticker: HQI), a resource for investors and traders seeking the latest updates and insights on Hirequest stock.
HireQuest Inc (HQI) delivers staffing solutions through a nationwide franchise network specializing in direct dispatch, executive search, and commercial services. This page provides investors and industry professionals with a centralized source for official company announcements and operational updates.
Track HQI's latest press releases, earnings reports, and strategic initiatives in the temporary staffing sector. Access verified information on leadership changes, franchise expansions, and industry recognitions alongside analysis of regulatory filings and market positioning updates.
Key updates include quarterly financial results, mergers/acquisitions, service line expansions, and technology enhancements to its payroll platform. Content is organized chronologically showcase material developments while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to HireQuest's corporate communications. Combine these primary sources with broader market analysis to inform your understanding of HQI's role in the evolving staffing industry.
HireQuest (Nasdaq: HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has scheduled its first quarter 2025 financial results conference call for Thursday, May 8, 2025, at 4:30 p.m. Eastern Time. The call will discuss financial results for Q1 ending March 31, 2025.
Investors can access the call through toll-free (877-545-0320) or international (973-528-0002) numbers using entry code 336114. The conference will be broadcast live at webcaster4.com and through HireQuest's investor relations website. A replay will be available until May 22, 2025, via toll-free (877-481-4010) or international (919-882-2331) numbers with passcode 52383.
HireQuest (NASDAQ:HQI) announced that CFO Steve Crane will retire effective May 31, 2025, with David Hartley, current VP of Operational Finance and Corporate Development, appointed as his successor. Hartley, who joined HireQuest in 2020, has been instrumental in executing over fifteen acquisitions and leading the company's growth strategy.
The transition has been planned for multiple years, with Crane supporting the handover process in the coming weeks. The company emphasized continuity with support from Chief Accounting Officer Cory Smith, who has been with HireQuest since 2016.
CEO Rick Hermanns praised Crane's contributions to developing the accounting and finance department, while expressing confidence in Hartley's capabilities, citing his business acumen, strategic understanding, and experience in driving shareholder value through acquisitions.
HireQuest (Nasdaq:HQI) reported its Q4 and full-year 2024 financial results, showing mixed performance amid challenging market conditions. Q4 2024 saw franchise royalties decrease 14.0% to $7.6M and total revenue decline 17.2% to $8.1M, while net income improved to $2.2M ($0.16/share) from $15,000 in Q4 2023.
For full-year 2024, the company reported franchise royalties of $32.7M (down 8.8%), total revenue of $34.6M (down 8.7%), and net income of $3.7M ($0.26/share). System-wide sales decreased 6.9% to $563.6M. Notable improvements include reduced SG&A expenses (down 12.4%) and workers' compensation costs.
The company maintains a solid financial position with $2.2M in cash, $33.4M available credit line, and continues paying quarterly dividends of $0.06 per share.
HireQuest (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has scheduled its fourth quarter and year-end 2024 financial results conference call for Thursday, March 27, 2025, at 4:30 p.m. Eastern Time.
The conference call will be accessible through a live webcast at webcaster4.com and through HireQuest's investor relations website. A replay of the call will remain available until Thursday, April 10, 2025. Participants are advised to join the conference call 5-10 minutes before the start time to register.
HireQuest (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has announced its Board of Directors' declaration of a quarterly dividend of $0.06 per share. The dividend will be paid on March 17, 2025, to shareholders of record as of the close of business on March 3, 2025.
HireQuest (Nasdaq: HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has announced a quarterly dividend of $0.06 per share. The dividend will be paid on December 16, 2024, to shareholders of record as of the close of business on December 2, 2024.
HireQuest reported mixed Q3 2024 financial results. Total revenue increased 1.6% to $9.4 million, while franchise royalties grew 0.9% to $9.0 million. The company recorded a net loss of $2.2 million ($0.16 per share) compared to net income of $1.5 million in Q3 2023, primarily due to a one-time non-cash impairment charge of $6.0 million related to MRINetwork assets. Adjusted EBITDA improved to $4.9 million from $3.7 million year-over-year. System-wide sales decreased 1.7% to $148.6 million. The company maintained its quarterly dividend of $0.06 per share.
FRMO Corp has expanded its Board of Directors to nine members with the appointment of R. Rimmy Malhotra. The board now consists of nine directors, including five independent members. Malhotra, who serves as Managing Member and Portfolio Manager for Nicoya Fund LP, brings extensive experience in investment management. He previously managed the Gratio Values Fund and currently serves on the boards of HireQuest Inc and Optex System. The appointment comes as FRMO focuses on expanding and integrating several strategic investments approaching critical mass.
HireQuest (Nasdaq: HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has scheduled its third quarter 2024 financial results conference call for Thursday, November 7, 2024, at 4:30 p.m. Eastern Time. The call will discuss financial results for the quarter ended September 30, 2024. The conference will be accessible via toll-free and international dial-in numbers, with live broadcast and replay options available through the company's website and webcasting service until November 21, 2024.
HireQuest Inc (Nasdaq:HQI) has released a report titled 'Navigating Remote and Hybrid Work: Impacts on U.S. Companies and the Economy', highlighting the complexities of remote work and return-to-work strategies. The report reveals contradictions between executive preferences and actual productivity data. While 86% of executives want employees to return to workplaces for improved productivity, studies show that remote work can increase productivity by 13%.
The report suggests that hybrid workplace strategies might be a more effective solution, balancing the benefits of both remote and in-office work. HireQuest CEO Rick Hermanns emphasizes the importance of case-by-case consideration for hybrid work structures. The whitepaper also examines the economic impacts of remote work, including decreased downtown foot traffic, lower local tax revenues, and increased demand for suburban housing.
