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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) announced that Chief Financial Officer Mark Harris will present at the Sidoti Virtual Investor Conference on January 20, 2022, from 12:15 – 12:45 p.m. Eastern Time. Interested individuals can access the live webcast here. Heidrick & Struggles is a leader in global leadership advisory and talent solutions, committed to helping organizations develop future-ready leaders.
Heidrick & Struggles (HSII) has announced its plans to acquire RosExpert, a leading executive search firm in Russia, and WE Partners, a top consulting firm in Ukraine and Kazakhstan. This move aims to strengthen HSII's presence in key markets and enhance its service offerings. Established 25 years ago, RosExpert and WE Partners have extensive experience in leadership advisory. The financial terms are undisclosed, and the deal is expected to finalize in Q1 2022, pending regulatory approvals.
Heidrick & Struggles (Nasdaq: HSII) announced the addition of Allen Reed to its Americas consulting team as of October 2021. With over 20 years of experience in executive search within healthcare, Reed aims to enhance the firm's capacity to meet client needs for innovative leadership. His background includes work with high-growth biotechnology firms and established pharmaceutical companies. This move reflects Heidrick's commitment to providing strategic talent solutions in a rapidly evolving economic landscape.
Heidrick & Struggles (Nasdaq: HSII) announced that Chief Financial Officer Mark Harris will participate in the Truist Industrials & Services Summit on December 7, 2021. The firm specializes in global leadership advisory and talent solutions, serving senior-level consulting needs for top organizations. With over 65 years in the executive search sector, Heidrick & Struggles focuses on building future-ready leadership teams, offering services like executive search, diversity and inclusion, and leadership development.
Heidrick & Struggles (Nasdaq: HSII) has appointed Tracey Heaton as its new Chief Legal Officer and Corporate Secretary, effective immediately. Heaton brings extensive experience from her previous role as Senior Vice President and Chief Corporate Counsel at Visa Inc., where she was pivotal in corporate transactions and strategic growth. Her expertise is expected to significantly contribute to Heidrick's growth ambitions in leadership advisory and talent solutions, aligning with the company's ongoing transformation.
Heidrick & Struggles (Nasdaq: HSII) announced that Vice Chairmen Bonnie Gwin and Theodore Dysart have been named to the 2021 NACD Directorship 100 for their exceptional contributions to corporate governance. This marks the 10th and 14th recognitions for Gwin and Dysart, respectively. The NACD Directorship 100 honors leaders impacting boardroom practices and performance, evaluated on integrity, confidence, and high performance. The awards ceremony took place on November 9, 2021, highlighting their dedication to elevating boardroom leadership during significant organizational changes.
Heidrick & Struggles (Nasdaq: HSII) announced the appointment of Jennifer Streitwieser as a new partner in its Philadelphia office as of September 2021. Streitwieser, who has extensive experience in management consulting across various industries, will assist clients in navigating cultural transformations and optimizing performance. This addition comes as organizations seek expert guidance in adapting to evolving workforce dynamics. Heidrick & Struggles specializes in global leadership advisory and talent solutions.
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