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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 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.
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