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. (NASDAQ: HQI) generates a steady flow of news as a franchisor of on-demand staffing, commercial staffing, and executive search services. As a human resources consulting services company operating through brands such as HireQuest Direct, HireQuest Health, MRINetwork, Snelling, TradeCorp, DriverQuest, and Northbound Executive Search, its announcements span capital allocation decisions, franchise network developments, and labor market commentary.
On this page, readers can follow HQI news related to quarterly financial results, dividend declarations, and stock repurchase programs approved by the Board of Directors. Recent Form 8-K filings and press releases have covered quarterly cash dividends on common stock and the authorization of a stock repurchase program that permits open market and privately negotiated share purchases under Rule 10b5-1 trading plans.
HireQuest also issues news about its franchise brands and ownership structures. For example, the company has announced a change in the ownership structure of MRINetwork, its global executive search brand, transitioning majority ownership to a leadership group of current and former franchise owners while retaining partial ownership and continuing to provide shared services. Such updates highlight how HireQuest manages and supports its network of staffing and recruiting offices.
In addition, HireQuest publishes labor market outlooks based on survey data from its extensive franchise network. These releases discuss hiring trends, time-to-fill metrics, application volumes, and demand patterns across industries including construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering. Investors, employers, and job seekers can use this news feed to monitor how HireQuest views the evolving labor market and how its network is responding to changes in demand for skilled and flexible work.
By reviewing the HQI news page regularly, users can track company announcements, capital return policies, executive search and staffing network developments, and broader workforce insights drawn from HireQuest’s U.S. and international presence.
HireQuest, Inc. (NASDAQ:HQI) has announced a quarterly dividend of $0.06 per share, payable on March 15, 2023. Shareholders of record as of March 1, 2023 will receive this payment. As a national franchisor of staffing services, HireQuest operates over 400 franchisee-owned offices across the U.S., employing approximately 75,000 individuals annually. The company provides staffing solutions for various industries, including construction, manufacturing, hospitality, and financial services. However, future dividends are subject to Board approval and market conditions.
HireQuest, Inc. (NASDAQ:HQI), a franchisor of staffing services, has completed the acquisition of assets from MRINetwork, the world's third-largest executive recruiting network. This acquisition adds 232 franchise offices both domestically and internationally, significantly enhancing HireQuest's executive search offerings. The strategic move positions HireQuest for immediate scale in a competitive segment and aims to broaden its franchise portfolio.
HireQuest, Inc. (NASDAQ:HQI) has declared a quarterly dividend of $0.06 per share, payable on December 15, 2022, to shareholders on record by December 1, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders amidst its operations across over 225 franchisee-owned offices in the U.S. offering staffing solutions across various industries, employing approximately 75,000 individuals annually. However, future dividends are contingent on board approval and current financial conditions.
HireQuest, Inc. (Nasdaq:HQI) announced its acquisition of certain assets from MRINetwork for approximately $13.5 million, adding 232 franchises in executive search and staffing services. The acquired franchises generated around $283 million in systemwide sales and an adjusted EBITDA of $1.9 million over the last twelve months. The acquisition, enhancing HQI's scale and service offerings, is expected to close on December 12, 2022. The transaction will be financed using cash reserves and credit lines.
HireQuest, Inc. (Nasdaq: HQI) reported a 13.7% increase in Q3 2022 royalty revenue, totaling $7.4 million, and a 29.9% rise in net income from continuing operations, reaching $4.1 million, or $0.30 per diluted share. Year-to-date, franchise royalties surged 39.2% to $21.2 million, while total revenue increased 67.6% to $26.8 million. Gross profit for Q3 was up 19.7% to $8.2 million. The company maintains a balanced financial position with $1.5 million in cash and $25.3 million in working capital as of September 30, 2022.
HireQuest, Inc. (NASDAQ:HQI) will hold a conference call on November 3, 2022, at 5:00 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2022. The conference will be accessible via a toll-free dial-in number and will also be broadcast live, with a replay available until November 17, 2022. HireQuest operates a national network of over 225 franchisee-owned staffing offices, providing employment for approximately 75,000 individuals across various industries including construction and healthcare.
HireQuest, Inc. (NASDAQ:HQI) has announced a strategic partnership with Happy Faces Personnel Group, integrating it into the Snelling franchise in Atlanta, Georgia. This transition will leverage Happy Faces' 2021 sales of over $14 million and enhance Snelling's offerings, particularly for municipal and state government contracts. Happy Faces' President, Michael Hairston, will lead the new franchise, benefiting from HireQuest's extensive resources and operational support, aiming to drive future growth.
HireQuest, Inc. (NASDAQ:HQI) has announced a quarterly dividend of $0.06 per share, payable on September 15, 2022. Shareholders of record must be on the books by the close of business on September 1, 2022. As a national franchisor of staffing services, HireQuest operates over 225 franchisee-owned offices across the U.S., providing employment for approximately 75,000 individuals annually in various industries. However, future dividends are subject to Board approval and depend on financial performance and cash flow.
HireQuest, Inc. (NASDAQ:HQI) announces a conference call for August 9, 2022, at 4:30 p.m. ET to discuss its second quarter financial results for the period ending June 30, 2022. Investors can join via toll-free number 877-545-0320 or internationally at 973-528-0002. A replay of the call will be available until August 23, 2022. HireQuest operates over 225 franchisee-owned offices nationwide, employing approximately 75,000 individuals annually across various industries.
HireQuest, Inc. (NASDAQ:HQI) reported significant financial growth for Q1 2022, with franchise royalties doubling to $6.6 million, up 101.7% year-over-year. Total revenue surged 139.4% to $8.1 million. Adjusted EBITDA reached a record $5.3 million, up from $1.5 million last year. However, net income fell to $603,000, or $0.04 per diluted share, largely due to $3.6 million in expenses from converting acquisitions into franchises. The company's system-wide sales also increased significantly, indicating robust franchise growth.
FAQ
What is the current stock price of Hirequest (HQI)?
What is the market cap of Hirequest (HQI)?
