HireQuest Inc

HireQuest, Inc. engages in the provision of staffing services. It offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives. The company was founded in 1998 and is headquartered in Goose Creek, SC.

Earnings data Q1 2021

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Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

HireQuest Inc (HQI) posts robust Q4 earnings, eyes growth opportunities

HireQuest Inc (HQI) reported strong financial results for Q4 2022, driven by revenue and income growth. The acquisition of MRI Network expands the company's reach, while challenges persist in integration and margin uncertainties. Despite these hurdles, HireQuest is optimistic about future growth opportunities.

HireQuest Inc reports robust Q1 earnings, eyes strategic growth opportunities

HireQuest Inc's Q1 2023 earnings call showcased strong financial performance driven by revenue growth and increased net income. While challenges exist in managing expenses post-acquisition and addressing softening demand, the company's strategic focus on long-term synergies and relationship-building with franchisees positions them well for sustainable growth.

HireQuest Inc reports revenue growth in Q2 2023 amidst acquisition focus

HireQuest Inc's Q2 2023 performance reflects revenue growth but declining EBITDA, with a focus on expense management and integration of acquisitions. The company navigates wage pressures and economic uncertainties while eyeing strategic acquisitions to capitalize on a conservative balance sheet.

HireQuest Inc reports strong Q3 growth amidst challenges, eyes expansion

HireQuest Inc's Q3 2023 showcased robust revenue growth, operational efficiency, and strategic acquisitions driving performance.
While challenges like economic cyclicality and workers' comp expenses persist, the company remains focused on growth and improvement.
With a strong balance sheet, committed leadership, and opportunities for operational enhancements, HireQuest is poised for continued success.

HireQuest Inc reports robust Q4 earnings, eyes growth opportunities

HireQuest Inc delivered strong financial results in Q4 2023 and full-year 2023, showcasing revenue growth, profitability, and operational efficiency.
Despite industry challenges, the company's focus on controlling expenses, maintaining profitability, and pursuing strategic acquisitions positions it for future success.
With a solid balance sheet, low debt, and a commitment to shareholder value, HireQuest is well-equipped to navigate challenges and capitalize on growth opportunities.

HireQuest reports solid Q1 earnings, eyes growth amid industry challenges

HireQuest Inc (HQI) delivered a solid performance in Q1 2024, focusing on expense management and profitability amidst industry challenges.
The company's strong balance sheet, dividend payments, and strategic focus on M&A highlight its financial stability and growth potential.
While facing revenue declines and market uncertainties, HireQuest remains optimistic about future prospects and growth opportunities in the staffing industry.

HireQuest Inc reports profitable Q2, eyes growth amidst market optimism

HireQuest Inc (HQI) navigated Q2 2024 with sustained profitability, focusing on cost management and leveraging their franchising model.
While facing challenges such as a slight revenue decline, the company remains optimistic about growth opportunities in the staffing market.
With a strong balance sheet, successful M&A strategy, and commitment to shareholder value, HireQuest is poised for continued success.
CEO's optimism for the future reflects a strategic outlook towards driving growth and maximizing opportunities in the second half of 2024.

HireQuest Inc. reports revenue growth and strategic acquisitions in Q3

HireQuest Inc. delivered solid financial performance in Q3 2024, with revenue growth and improved cost management.
Despite challenges like the impairment charge, the company remains resilient and focused on strategic acquisitions for growth.
Opportunities lie in market expansion, strengthening balance sheet, and capitalizing on the recovery of staffing sectors.

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HireQuest, Inc. engages in the provision of staffing services. It also offers temporary, permanent, and direct-hire recruiting and staffing services of entry-level and clerical or admin employees, construction and light industrial workers, semi-skilled trades, healthcare personnel, and professionals and executives. The company was founded in 1998 and is headquartered in Goose Creek, SC.

HireQuest, Inc. (HQI) CEO Rick Hermanns on Q3 2021 Results - Earnings Call Transcript

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today reported financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Summary Franchise royalties of $6.5 million compared to $3.2 million in the prior year period, an increase of 103.2%. Organic royalty revenue increased 52% over the prior year period and the branches acquired from Link and Snelling in the first quarte

HireQuest Reports Financial Results for the Third Quarter 2021

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has entered into a definitive agreement to acquire the Dental Power Staffing (“DPS”) division of Dental Power (www.dentalpower.com), a 46-year-old dental staffing company headquartered in Carrboro, North Carolina. Dental Power's DPS division is a leading provider of temporary, long-term contract, and direct-hire staffing serv

HireQuest, Inc. Announces Acquisition of a Division of Dental Power

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it will hold a conference call on Thursday, November 11, 2021 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2021. Date: Thursday, November 11, 2021 Time: 4:30 p.m. Eastern time Toll-free dial-in number: 1-877-545-0523 International dial-in number: 1-973-528-0016 Entry Code:

HireQuest Sets Third Quarter 2021 Financial Results Conference Call for Thursday, November 11, 2021 at 4:30 p.m. ET

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has acquired Recruit Media, Inc., an HR tech start-up with a next-gen SaaS recruitment platform. The transaction was paid for with cash on hand and a modest revolver draw. Recruit Media enables candidates to create rich multimedia profiles to better differentiate themselves and convey their skills to potential employers. It a

HireQuest, Inc. Announces Acquisition of Recruit Media, Inc.

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced the hiring of retired United States Marine Corps Colonel C. J. Williams as Vice President of VetsQuest, powered by HireQuest, a mission-focused initiative to provide employment and franchise ownership opportunities for United States military veterans and their families. In this newly created role, Col. Williams will lead HireQuest's

HireQuest, Inc. Announces New Vice President of VetsQuest

HireQuest's (HQI) CEO Rick Hermanns on Q2 2021 Results - Earnings Call Transcript

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today reported financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Summary Franchise royalties of $5.5 million compared to $2.6 million in the prior year period, an increase of 106.5%. The branches acquired from LINK and Snelling in the first quarter of 2021 comprised approximately $1.7 million of the revenue. Services

HireQuest Reports Financial Results for the Second Quarter 2021

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has launched DriverQuest, a new franchise offering providing staffing services to the transportation and logistics industries. DriverQuest will focus on staffing drivers for both long-haul and the high-growth last-mile segments of the market. “We are excited to announce the launch of DriverQuest,” commented Rick Hermanns, Hir

HireQuest, Inc. Announces Launch of DriverQuest

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that it will hold a conference call on Monday, August 9, 2021 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2021. Date: Monday, August 9, 2021 Time: 4:30 p.m. Eastern time Toll-free dial-in number: 1-844-602-0380 International dial-in number: 1-862-298-0970 Please call the conference telephone nu

HireQuest Sets Second Quarter 2021 Financial Results Conference Call for Monday, August 9, 2021 at 4:30 p.m. ET

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that the Company has closed a $63.2 million credit facility comprised of a $60.0 million Revolving Credit Facility and a $3.2 million Term Loan with its existing lender, Truist (formerly BB&T). The new facility replaces the Company's prior $30 million revolving credit facility. “This facility will help to fund the day-to-day oper

HireQuest Announces Closing of $63.2 Million Credit Facility

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capit

HireQuest Set to Join Russell 3000® Index

HireQuest, Inc. (HQI) CEO Rick Hermanns on Q1 2021 Results - Earnings Call Transcript

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today reported financial results for the first quarter ended March 31, 2021. First Quarter 2021 Financial Summary Franchise royalties of $3.3 million compared to $3.7 million in the prior year period, a decrease of 12.0%. Services revenue, including interest paid on aging accounts receivable, of $144,000 compared to $415,000 in the prior year period

HireQuest Reports Financial Results for the First Quarter 2021

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that it will hold a conference call on Monday, May 17, 2021 at 4:30 p.m. Eastern time (2:30 p.m. Mountain time) to discuss its financial results for the first quarter ended March 31, 2021. Date: Monday, May 17, 2021 Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time) Toll-free dial-in number: 1-888-506-0062 International dial-in number: 1-973-

HireQuest Sets First Quarter 2021 Financial Results Conference Call for Monday, May 17, 2021 at 4:30 p.m. ET

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that its Board of Directors has declared an increased quarterly cash dividend of $0.06 per share, representing an annualized dividend yield of 1.3% based on the closing price of the Company's common stock on May 4, 2021. “Our franchisees are rebounding well,” commented Rick Hermanns, HireQuest's CEO. “With the Snelling and Link acqui

HireQuest Announces Increased Quarterly Cash Dividend of $0.06 Per Share

HireQuest, Inc (HQI) CEO Richard Hermanns on Q4 2020 Results - Earnings Call Transcript

GOOSE CREEK, S.C.--(BUSINESS WIRE)--Correcting to add the start of the quote from Rick Hermanns and remove a duplicate quote in the Fourth Quarter 2020 Financial Summary section of the text. Also removing footnote 2 from within the text. The updated release reads: HIREQUEST REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL-YEAR 2020 Full-Year EPS of $0.39 per Diluted Share and Cash Flow of More than $9 Million; Scaling Profitable Business Model – Adding 67 New Franchised Locations and 1

CORRECTING and REPLACING HireQuest Reports Financial Results for the Fourth Quarter and Full-Year 2020

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today reported financial results for the fourth quarter and year ended December 31, 2020. Full-Year 2020 Financial Summary Franchise royalties of $12.8 million compared to $14.7 million in the prior year, a decrease of 12.8%. Services revenue, including interest paid on aging accounts receivable, of $1.0 million compared to $1.2 million in the prior

HireQuest Reports Financial Results for the Fourth Quarter and Full-Year 2020

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that its subsidiary, HQ Link Corporation, has closed the acquisition of the franchised operations of LINK Staffing, a family-owned staffing company based in Houston, Texas, for approximately $11.1 million in cash. The transaction does not include working capital. The 35 acquired locations generated approximately $57 million in system-wide sales i

HireQuest, Inc. Closes Acquisition of LINK Staffing

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that it will hold a conference call on Thursday, March 25, 2021 at 4:30 p.m. Eastern time (2:30 p.m. Mountain time) to discuss its financial results for the fourth quarter and year ended December 31, 2020. Date: Thursday, March 25, 2021 Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time) Toll-free dial-in number: 1-877-545-0320 International d

HireQuest Sets Fourth Quarter and Year End 2020 Financial Results Conference Call for Thursday, March 25, 2021 at 4:30 p.m. ET

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that its subsidiary, HQ Snelling Corporation, has closed the acquisition of certain assets of Snelling Staffing (https://www.snelling.com/), a 67-year-old staffing company headquartered in Richardson, Texas, for approximately $17.3 million before working capital adjustments. “With this milestone acquisition, HireQuest has established a compelling

HireQuest, Inc. Closes Acquisition of Snelling Staffing

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that its subsidiary, HQ Link Corporation, has entered into a definitive agreement to acquire the franchised operations of LINK Staffing, a family-owned staffing company based in Houston, Texas, for approximately $11 million in cash. The transaction does not include working capital. The 35 acquired locations generated approximately $57 million in

HireQuest, Inc. Announces Acquisition of LINK Staffing

GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand and temporary staffing services, today announced that its subsidiary, HQ Snelling Corporation, has entered into a definitive asset purchase agreement to acquire certain assets of Snelling Staffing (https://www.snelling.com/), a 67-year-old staffing company headquartered in Richardson, Texas, for approximately $17.3 million before working capital adjustments. The assets include Snelling's 48 loc

HireQuest, Inc. Announces Acquisition of Assets of Snelling Staffing

HireQuest, Inc (HQI) CEO Rick Hermanns on Q3 2020 Results - Earnings Call Transcript

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