Heidrick & Struggles Inc - HSII STOCK NEWS

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.

Heidrick & Struggles International, Inc. reported strong first quarter 2024 results with a quarterly revenue of $265 million, an 11% year-over-year growth, and a diluted EPS of $0.67. The company declared a $0.15 per share cash dividend. Despite the acquisition of Atreus and businessfourzero, consolidated net revenue was $265.2 million, up 11% from the previous year. Adjusted EBITDA was $25.9 million, with a margin of 9.8%. Net income was $14.0 million. CEO Tom Monahan highlighted double-digit revenue growth and solid margin performance. The company aims to leverage its assets to create more value for clients, people, and shareholders.

Heidrick & Struggles, a global leadership advisory firm, expanded its team by adding a partner and a consultant in the Americas. Stacy Hostetler joined as a partner in the Healthcare & Life Sciences Practice, focusing on medical devices and digital health. Adam Rubin joined as a consultant in the Purpose-Driven Change practice, focusing on integrating purpose, strategy, and culture. Both appointments bring extensive industry experience to provide innovative talent solutions and drive organizational impact.

Heidrick & Struggles (Nasdaq: HSII) has scheduled a conference call to discuss its 2024 first quarter financial results on May 6, 2024, at 5:00pm ET. The call will be accessible via webcast and phone, with replay options available. Investors can tune in for updates on the company's performance and financial status.

Heidrick & Struggles announces promotions of 11 Partners, 15 Principals, and 2 Senior Client Principals across 18 cities in 9 countries, emphasizing internal investment in people.

Heidrick & Struggles International, Inc. (HSII) reports record annual net revenue exceeding $1 billion for the third consecutive year. The company's fourth-quarter highlights include a 7% year-over-year increase in net revenue to $253.2 million and a 38% rise in adjusted EBITDA to $35.8 million. Despite a 4% decline in net revenue for FY 2023, the adjusted EBITDA increased by 4% to $125.6 million. On-Demand Talent and Heidrick Consulting drove revenue growth, representing 27% of the fourth-quarter revenue. The company's diversified solutions grew by 44% in 2023. Heidrick & Struggles aims to leverage market conditions for revenue and profitability growth in 2024.

Heidrick & Struggles (HSII) welcomed Jay Feinstein as a partner in the Healthcare & Life Sciences Practice in January 2024. Jay brings expertise in health services, devices, biotech, and related fields. His industry experience in assembling cross-functional teams will aid clients in innovative talent solutions in the challenging economic environment.