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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 (Nasdaq: HSII) has announced the appointment of Elizabeth Linhart as a Principal in their Dallas office, focusing on the Industrial Practice. With experience in the oil and gas sector, Linhart is set to assist clients in identifying top talent amidst current economic uncertainties. Jaimee Eddington, Regional Leader, stated that her skills will help organizations achieve greater alignment and meet strategic goals. Heidrick & Struggles is a leader in providing global leadership advisory and talent solutions, with over 65 years of experience in executive search and human capital consultancy.
On February 28, 2023, Heidrick & Struggles (Nasdaq: HSII) announced the promotion of 19 Partners, 29 Principals, and one Senior Client Principal in its Executive Search and Heidrick Consulting divisions across 22 cities in 14 countries. President and CEO Krishnan Rajagopalan emphasized the firm's commitment to leadership development and organizational culture amidst a dynamic marketplace. The promoted individuals are recognized for their strong leadership and innovative thinking, reinforcing the firm's strategic focus on talent management and human capital solutions, positioning HSII for continued growth and client engagement.
Heidrick & Struggles International (Nasdaq: HSII) announced its Q4 2022 results, revealing a net revenue of $235.7 million, a 14.6% decline year-over-year. Adjusted EBITDA stood at $30.9 million with an operating margin of 8.4%. Despite a successful fiscal year, with a 7% increase in annual revenue to $1.07 billion, Executive Search revenue fell 18%. The firm acquired Atreus on February 1, 2023, enhancing its On-Demand Talent segment. A dividend of $0.15 per share was declared, reflecting ongoing commitment to shareholder returns. The 2023 outlook anticipates net revenue between $235 million and $255 million, amidst economic uncertainties.
Heidrick & Struggles (Nasdaq: HSII) announced the addition of four new consultants to its Executive Search division in the Americas, enhancing its presence in Latin America. This follows a strategic investment in December 2022 aimed at expanding services in the region, which includes Ecuador, Panama, and Central America. The new team members are well-experienced, with backgrounds in consumer markets, healthcare, and educational consulting. Paulo Mendes, Regional Leader for Latin America, emphasized the increased demand for executive talent as a driving force behind this expansion.
Heidrick & Struggles (Nasdaq: HSII) announced a quarterly conference call to discuss its fourth quarter and full year 2022 financial results, scheduled for February 27, 2023, at 5:00 PM ET. The call will be accessible via live webcast on the company's investor relations webpage. Investors can also join the call by dialing +1-888-440-4091 or +1-646-960-0846, using conference ID 6106012. A replay of the webcast will be available approximately two hours after the call concludes. Heidrick & Struggles specializes in leadership advisory and talent solutions, serving top organizations globally.
Heidrick & Struggles (Nasdaq: HSII) has successfully completed the acquisition of Atreus, a leading executive interim management firm in
On January 13, 2023, Heidrick & Struggles (Nasdaq: HSII) announced the addition of two key personnel in the Americas: Regis Chasse as a partner in Washington, D.C., focusing on leadership development, and Luke Weaver as a principal in Toronto, specializing in financial services. Chasse brings over 20 years of experience in talent development, while Weaver has a strong background in investment management. These additions aim to enhance the firm's ability to support clients' leadership development and talent acquisition strategies in a challenging economic environment.
Heidrick & Struggles (Nasdaq: HSII) announced that Chief Financial Officer Mark Harris will participate in the Sidoti Virtual Investor Conference on January 18, 2023. Harris's presentation is scheduled from 3:15 to 3:45 p.m. Eastern Time. Investors can access the live webcast and presentation replay via the Investor Relations section of the company's website or through a provided link.
Heidrick & Struggles specializes in leadership advisory and talent solutions, addressing the needs of top organizations globally.
Heidrick & Struggles (Nasdaq: HSII) has opened a new office in Bogotá, Colombia, to enhance its operations in Latin America. Led by Roberto Hall, the office aims to support clients in Colombia, Ecuador, Panama, and Central America. The expansion is part of the firm's strategy to address the growing demand for executive search and leadership consulting in the region. With nearly 70 years of experience, Heidrick & Struggles is committed to providing innovative talent solutions that foster organizational growth across diverse sectors.
Heidrick & Struggles (HSII) announced an agreement to acquire Atreus, a leading provider of executive interim management in Germany, expanding its on-demand talent solutions into Continental Europe. The acquisition is set to strengthen Heidrick's market position and diversify its executive talent offerings. Atreus generated approximately $61 million in revenue in 2021 and will operate as a subsidiary led by Co-CEOs Harald Linné and Rainer Nagel. The deal is subject to regulatory approvals and expected to close in early 2023.
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