Welcome to our dedicated page for Heidrick & Struggles news (Ticker: HSII), a resource for investors and traders seeking the latest updates and insights on Heidrick & Struggles stock.
Heidrick & Struggles International, Inc. (Nasdaq: HSII) is a global leader in providing executive search, leadership consulting, and on-demand talent solutions. Founded over 65 years ago, the company has established itself as a trusted advisor to the world’s top organizations, helping them identify, develop, and retain senior-level talent. With principal business centers in North America, Latin America, Europe, and Asia Pacific, Heidrick & Struggles operates on a global scale.
Core Services and Segments
- Executive Search: Specializes in identifying and recruiting top-tier executives across various industries, leveraging a network of over 400 consultants worldwide.
- Heidrick Consulting: Offers leadership assessment and development, organizational design, team acceleration, culture shaping, and diversity and inclusion services to help businesses build effective leadership teams.
- On-Demand Talent: Provides interim executives, project managers, and specialized consultants through the Business Talent Group (BTG), a wholly-owned subsidiary focused on meeting the immediate and short-term talent needs of clients.
Recent Achievements and Projects
In recent quarters, Heidrick & Struggles has demonstrated robust financial performance, marked by notable acquisitions that have expanded its service offerings. The acquisition of Atreus Group strengthened their On-Demand Talent segment, while businessfourzero enhanced their Heidrick Consulting capabilities. These strategic moves have contributed to sequential revenue growth, particularly in the Americas and Europe.
Financial Highlights
For the second quarter of 2023, the company reported consolidated net revenue of $271.2 million, a 13.3% increase from the previous quarter. Adjusted EBITDA grew 33% to $36.4 million, with an adjusted EBITDA margin of 13.4%. Despite global economic uncertainties, Heidrick & Struggles continued to invest in digital capabilities to better serve their clients.
Strategic Outlook
Looking forward, Heidrick & Struggles aims to leverage its One Heidrick strategy, which integrates executive search, on-demand talent, and consulting services to provide comprehensive leadership solutions. Their focus on innovation and technology, particularly through the Heidrick Navigator SaaS product, is expected to drive future growth and enhance client services.
Heidrick & Struggles reported strong Q3 2024 financial results with net revenue increasing 5.9% year-over-year to $278.6 million. The company achieved growth across all business segments, with Executive Search revenue up 2.8%, On-Demand Talent up 12.6%, and Heidrick Consulting up 19.9%. Net income was $14.8 million with diluted EPS of $0.71. The company maintained strong profitability with an Adjusted EBITDA of $30.4 million and a margin of 10.9%. The Board declared a quarterly cash dividend of $0.15 per share. For Q4 2024, the company projects consolidated net revenue between $255 million and $275 million.
A new report by The Conference Board, ESGAUGE, Heidrick & Struggles, and Semler Brossy reveals increasing pressure on underperforming CEOs. 42% of S&P 500 companies that changed CEOs in 2024 had total shareholder returns below the 25th percentile, up from 30% in 2017. While women CEOs increased to 10% in S&P 500 companies, 69% lead smaller firms with revenue under $5 billion. The study shows 77% of new S&P 500 CEOs were internal hires, with external hires commanding 33% higher compensation. CEOs are staying longer, with succession rates for those 64+ dropping 8% in 2024, potentially indicating a future 'retirement cliff'.
Heidrick & Struggles (Nasdaq: HSII), a global leader in leadership advisory and on-demand talent solutions, has announced two important upcoming events for investors:
1. Q3 2024 Earnings Call: Scheduled for Monday, November 4, 2024, at 5:00pm ET. The call will discuss the company's third quarter financial results for 2024. Investors can access the call via webcast on Heidrick's website or by phone using the provided dial-in numbers.
2. Investor Day: Set for Tuesday, December 3, 2024, from 8:30am to 11:30am ET at the Nasdaq MarketSite in New York City. This event will feature presentations and Q&A sessions with Heidrick's management team. A live webcast will be available for those unable to attend in person.
Both events will be accessible through the investor relations section of Heidrick & Struggles' website, with webcasts and replays available.
Heidrick & Struggles International, Inc. (Nasdaq: HSII) has announced the appointment of Vijaya Kaza and Timothy Carter as independent directors to its Board of Directors, effective immediately. Concurrently, long-serving board member Lyle Logan will depart on September 26. Following these changes, the Board will consist of nine directors, with eight being independent.
Vijaya Kaza, currently Chief Security Officer & VP of Engineering - Trust and Safety at Airbnb, brings over 20 years of experience in the technology sector. Timothy Carter, former CFO of Piper Sandler Companies, has over 30 years of financial leadership experience. Both appointments are expected to enhance the Board's capabilities in areas such as digital transformation, cybersecurity, and financial expertise.
CEO Tom Monahan expressed enthusiasm for the new appointments, highlighting their potential contributions to the company's innovation and growth strategies across diverse industries.
Heidrick & Struggles (Nasdaq: HSII), a leading global leadership advisory and talent solutions provider, has announced its participation in the 17th Annual Barrington Research Virtual Fall Investment Conference. The event is scheduled for Thursday, September 12th.
Tom Monahan, Chief Executive Officer, and Suzanne Rosenberg, Vice President of Investor Relations, will represent the company. They will be engaging in investor meetings throughout the day, offering insights into Heidrick & Struggles' operations and strategy.
This participation underscores Heidrick & Struggles' commitment to maintaining strong relationships with investors and keeping them informed about the company's progress and future plans. The virtual format of the conference aligns with current trends in investor relations, allowing for efficient and widespread engagement.
Heidrick & Struggles (HSII) reported strong Q2 2024 results with net revenue growing to $278.6 million, driven by all businesses. The company achieved an Adjusted EBITDA of $28.8 million with a 10.3% margin. Executive Search net revenue increased by 1.5% to $210.0 million, while On-Demand Talent and Heidrick Consulting saw growth of 6.8% and 6.2% respectively. Despite a complex operating environment, HSII implemented restructuring for accelerated growth and declared a $0.15 per share cash dividend. The company expects Q3 2024 consolidated net revenue between $260 million and $280 million, acknowledging potential impacts from external factors.
Heidrick & Struggles (Nasdaq: HSII), a global leader in leadership advisory and on-demand talent solutions, has announced its upcoming quarterly conference call to discuss 2024 second quarter financial results. The call is scheduled for Monday, July 29, 2024, at 5:30pm ET. Investors and interested parties can access the conference call and accompanying slides via a live webcast from the company's investor relations website at www.heidrick.com. For those preferring to listen by phone, dial-in options are available at +1-800-715-9871 or +1-646-307-1963, using the conference ID: 4805686. A replay of the webcast will be accessible at the same web address approximately two hours after the call concludes.
Heidrick & Struggles (Nasdaq: HSII) has appointed Liz Duggan as Partner in its Financial Services Practice. Duggan, based in London, brings over 20 years of experience in executive search, specializing in corporate and investment banking. She will focus on identifying top talent and advising on their onboarding, management, and mentoring. Wolfgang Schmidt-Soelch, Regional Managing Partner for Financial Services, praised Duggan's extensive industry knowledge and experience. Duggan expressed her excitement about joining Heidrick & Struggles during a transformative time in the investment banking landscape.
Heidrick & Struggles (Nasdaq: HSII) announced that CFO Mark Harris will depart in August 2024 to pursue other opportunities. Harris, who joined in 2018, will stay until his successor is found to ensure a smooth transition. CEO Tom Monahan praised Harris for his contributions to the company’s financial management and growth. A search for a new CFO is underway. Despite the leadership change, the company reiterated its Q2 2024 revenue outlook, expecting net revenue to be between $255 million and $275 million.
Heidrick & Struggles (Nasdaq: HSII) has released its Board Monitor US 2024 report, highlighting significant trends influencing US board agendas. A major finding is the increasing impact of the workforce, with 50% of respondents noting greater influence on board decisions post-Covid. Additionally, 81% of US CEOs and board directors support direct engagement with employees beyond senior management. The report also reveals that 70% of boards are more operationally involved, and there is a growing reliance on external experts, with 30% adding specialists to their boards. Workforce attraction and retention have become critical concerns for directors, ranking just behind geopolitical and economic uncertainties.
FAQ
What is the current stock price of Heidrick & Struggles (HSII)?
What is the market cap of Heidrick & Struggles (HSII)?
What services does Heidrick & Struggles offer?
Where is Heidrick & Struggles headquartered?
What recent acquisitions has Heidrick & Struggles made?
How did Heidrick & Struggles perform in the latest financial quarter?
What is the One Heidrick strategy?
How is Heidrick & Struggles leveraging technology?
What is Heidrick Consulting?
How does Heidrick & Struggles support diversity and inclusion?
What is the market reach of Heidrick & Struggles?
How can I learn more about Heidrick & Struggles' culture change services?
