Heidrick & Struggles Inc - HSII STOCK NEWS

Heidrick & Struggles (Nasdaq: HSII) will hold a conference call on October 24, 2022, at 5:00 PM ET to discuss its third quarter financial results. The call will be available via live webcast from their website, with a phone option at +1-888-440-4091 or +1-646-960-0846 (conference ID: 6106012). A replay of the webcast will be accessible two hours post-conclusion. Heidrick & Struggles specializes in providing global leadership advisory and talent solutions for senior-level organizations.

Heidrick & Struggles (Nasdaq: HSII) announced the addition of William (Will) Krents as Principal in their Executive Search business in Boston in July 2022. With over 15 years of experience, Krents specializes in developing international leadership teams and has previously served as global director of business development at a leading specialty chemicals company. Jaimee Eddington, Regional Leader, emphasized the need for tailored talent solutions in today's economic climate to support organizational performance and sustainable culture.

The latest Skills Index from Business Talent Group reveals significant increases in demand for various skills amid economic uncertainty. Key findings include a 500% surge in demand for artificial intelligence and machine learning, a 400% growth in cost reduction expertise, and substantial increases in human resources roles by 314%. The report reflects a trend where 59% of CEOs cite labor shortages as a major disruptor, highlighting the urgency for companies to adapt their talent strategies to maintain competitive advantage.

Heidrick & Struggles International reported record net revenue of $298.7 million for Q2 2022, reflecting a 14.9% increase from the previous year. The company achieved an operating income of $33.9 million and net income of $24.1 million, yielding diluted earnings per share of $1.19, the highest in its history. Notably, cash and cash equivalents reached $336.6 million, a 41.5% rise year-over-year. The firm expects Q3 consolidated net revenue between $260 million and $270 million, influenced by various external factors.

Heidrick & Struggles (HSII) will conduct its quarterly conference call to discuss the second quarter financial results on July 25, 2022, at 5:00 pm ET. The live webcast will be available on the company’s investor relations website, and a replay will be accessible two hours after the call concludes. Known for providing global leadership advisory and talent solutions, Heidrick & Struggles has been a pioneer in executive search for over 65 years. Further details can be found on their official website.

Heidrick & Struggles (Nasdaq: HSII) announced the addition of two new consultants to its Executive Search business in June 2022. Leanne Arcinue joined the New York office, focusing on talent solutions in technology services and Fintech, leveraging her extensive consulting and IT experience. Tonya W. Muse joined the Washington, D.C. office, specializing in social impact and government affairs, drawing on nearly 30 years of association leadership experience. The new hires aim to enhance Heidrick's capability to provide effective talent solutions amidst evolving business challenges.

Heidrick & Struggles (Nasdaq: HSII) announced that Vice Chairmen Bonnie Gwin and Theodore Dysart have been recognized in the 2022 NACD Directorship 100, highlighting their contributions to corporate governance. This marks the 11th year for Gwin and the 15th year for Dysart receiving this honor. NACD aims to elevate board performance by recognizing leaders who promote excellence in governance practices. The selection criteria include integrity, informed judgment, and high-performance standards. Heidrick partners with organizations to develop leadership capabilities in a complex business environment.