Heidrick & Struggles International

Heidrick & Struggles International, Inc. engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business. The company was founded by Gardner Heidrick and John Struggles in 1953 and is headquartered in Chicago, IL.

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Heidrick & Struggles International surpasses $1B revenue, eyes growth opportunities

Heidrick & Struggles International (HSII) delivered strong financial performance in Q4 2022, surpassing $1 billion in annual net revenue and exceeding earnings expectations. The company is strategically focused on diversification, digital innovation, and capitalizing on market opportunities. Challenges include managing revenue fluctuations and margin considerations amidst evolving business cycles.

Heidrick & Struggles reports solid Q1 performance amidst macro challenges

Heidrick & Struggles navigated macro challenges, highlighted strong financials, and emphasized growth through acquisitions and diversification. Management optimistic about future opportunities and shareholder value.

Heidrick & Struggles reports robust Q2 results amid market challenges

Heidrick & Struggles delivered strong Q2 results, showcasing growth across all segments and positive impact from recent acquisitions.
The company faces challenges in reshaping segments and improving productivity but is well-positioned to leverage opportunities in the market.
With a focus on talent acquisition, leadership effectiveness, and digital investments, Heidrick & Struggles is poised for continued success.

Heidrick & Struggles reports Q3 growth, eyes digital innovation for future

Heidrick & Struggles International delivered solid financial performance with revenue growth and margin consistency.
The company's strategic focus on talent acquisition, digital innovation, and operational resilience positions it well for future success.
Despite challenges from CEO turnovers and macro uncertainty, Heidrick & Struggles remains optimistic about growth opportunities and market demand.

Heidrick & Struggles reports robust financial performance and growth opportunities

Heidrick & Struggles showcased strong financial performance, emphasized growth and diversification, and highlighted optimism for the economic outlook. The company aims to leverage global excellence in search and leadership solutions while navigating challenges in CEO turnover and budgeting.

Heidrick & Struggles posts strong Q1 results, eyes growth opportunities

Heidrick & Struggles International demonstrated resilience and growth in Q1, focusing on exceptional leadership, client value transformation, and digital innovation. Despite challenges in expenses and tax rates, the company remains well-positioned with strong financials and a clear strategic direction. With opportunities in demand signals and market messaging, Heidrick & Struggles aims to drive further growth and impact.

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Krishnan Rajagopalan, President and Chief Executive Officer, to Retire Thomas L. Monahan III Appointed Chief Executive Officer Tom Murray, Global Managing Partner of Executive Search, Promoted to President Preliminary Fourth Quarter Net Revenue Results Expected to be $240 Million - $260 Million, In Line with Previously Issued Guidance CHICAGO , Jan. 23, 2024 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, today announced that President and CEO Krishnan Rajagopalan has decided to retire, after more than 23 years with the Company.

Heidrick & Struggles Announces Planned Leadership Transition

Heidrick & Struggles provides talent services internationally, with a focus on executive management search services. The Executive Search segment overall provides stable earnings, whereas the Heidrick Consulting & On-Demand Talent segments have weaker profitability but better growth prospects. The company has a very strong balance sheet, positioning Heidrick & Struggles for further M&A or other capital allocation.

Heidrick & Struggles Stock Trades At A Wide Discount

Promotions span six practice areas and three regions across business lines and corporate roles to drive growth in 2024 and beyond CHICAGO , Jan. 2, 2024 /PRNewswire/ -- Today, Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, announced key global and regional leader appointments, effective January 1, 2024. Leaders appointed will continue driving progress on the firm's diversified growth strategy and further solidify Heidrick & Struggles as a trusted leadership advisor.

Heidrick & Struggles Announces 2024 Global and Regional Leader Appointments

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Heidrick & Struggles International, Inc. (NASDAQ:HSII ) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Corporate Participants Steven Horwitz - Interim Head of Investor Relations Krishnan Rajagopalan - President and Chief Executive Officer Mark Harris - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Research Tobey Sommer - Truist Securities Marc Riddick - Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to the Heidrick & Struggles Q3 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.

Heidrick & Struggles International, Inc. (HSII) Q3 2023 Earnings Call Transcript

Heidrick & Struggles (HSII) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $1 per share a year ago.

Heidrick & Struggles (HSII) Surpasses Q3 Earnings and Revenue Estimates

Quarterly Revenue of $263M, 3% Year Over Year Growth 13th Consecutive Quarter of Double-Digit Adjusted EBITDA Margin CHICAGO , Oct. 25, 2023 /PRNewswire/ -- Today Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company") announced financial results for its third quarter ended September 30, 2023. Third Quarter Highlights: Net revenue of $263.2 million increased 3% year over year Operating income of $22.1 million increased $8.6 million sequentially and operating margin was 8.4% Adjusted operating income of $22.1 million increased $1.3 million sequentially and adjusted operating margin was 8.4% Adjusted EBITDA of $32.3 million decreased $4.1 million sequentially and adjusted EBITDA margin was 12.3% Net income was $15.0 million and diluted earnings per share was $0.73 "We are very pleased with our third quarter results, posting year over year revenue growth and another double-digit adjusted EBITDA margin quarter despite ongoing macro uncertainty," stated Heidrick & Struggles' President and Chief Executive Officer, Krishnan Rajagopalan.

Heidrick & Struggles Reports Third Quarter 2023 Results

HSII's revenue has grown at a CAGR of +8% during the last decade, while EBITDA has exceeded it at +13%. The company's growth is a reflection of a strong organic trajectory, developing its brand and capabilities. In conjunction with this, Management has strategically acquired related businesses. We believe its current business model should allow for healthy growth in the coming years, with improved resilience and defensible margins.

Heidrick & Struggles: Unveiling An Innovative Path To Future Growth

CHICAGO , Oct. 11, 2023 /PRNewswire/ -- Heidrick & Struggles (Nasdaq: HSII) today announced it will hold its quarterly conference call to discuss 2023 third quarter financial results on Wednesday, October 25, 2023, at 5:00 pm ET. The conference call and accompanying slides will be publicly available via live webcast from the investor relations section of the Heidrick & Struggles website at www.heidrick.com.

HEIDRICK & STRUGGLES TO RELEASE 2023 THIRD QUARTER RESULTS

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Business Talent Group's 6th annual Skills Index shows significant skill needs in the finance function, for operational excellence initiatives across the board and for the adoption of AI LOS ANGELES , Aug. 9, 2023 /PRNewswire/ -- Business Talent Group (BTG), a Heidrick & Struggles (Nasdaq: HSII) company and the leading talent marketplace for independent management consultants, interim executives, subject matter experts, and project managers, today released its sixth annual Skills Index, revealing the most in-demand and fastest growing skills leveraged by global companies to seize growth opportunities amid ongoing economic uncertainty and rapidly emerging technologies.  With more than three-quarters of (77%) employers having difficulty finding skilled talent, the struggle to fill organizational gaps has significant financial implications—50% of CEOs and CFOs anticipate their organizations will struggle to meet customer demand with their current talent models.

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Heidrick & Struggles International, Inc. (NASDAQ:HSII ) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Suzanne Rosenberg - Vice President, Investor Relations Krishnan Rajagopalan - President and CEO Mark Harris - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Research Jack Wilson - Truist Securities Operator Please standby, we are about to begin. Good afternoon, ladies and gentlemen.

Heidrick & Struggles International, Inc. (HSII) Q2 2023 Earnings Call Transcript

13% Sequential Revenue Growth Including 10% Organic Maintains Strong Balance Sheet Post-Acquisitions of Atreus and businessfourzero CHICAGO , July 31, 2023 /PRNewswire/ -- Today Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company") announced financial results for its second quarter ended June 30, 2023. Second Quarter Highlights: Net revenue of $271.2 million increased 13% sequentially, 10% organically Operating income of $13.6 million decreased $4.2 million sequentially and operating margin was 5.0% Adjusted operating income of $20.8 million increased 17% sequentially and adjusted operating margin was 7.7% Adjusted EBITDA of $36.4 million increased 33% sequentially and adjusted EBITDA margin was 13.4% Net income was $9.0 million and diluted earnings per share was $0.44; adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73 "We are very pleased with the second quarter results which included the first full quarter of results from our recent acquisition of Atreus Group ("Atreus") in our On-Demand Talent segment, as well as the results from businessfourzero ("B4Z") in our Heidrick Consulting segment.

Heidrick & Struggles Reports Second Quarter 2023 Results

Almost three quarters ( 71%) of CEOs highlighted culture as a top factor positively influencing financial performance—up from 26% in 2021 More than half (59%) say it's either very important or crucial to link culture directly to strategy to see financial benefits More than half (53%) reported their focus on culture significantly improved employee retention regardless of working model—be it remote, in-office or hybrid CHICAGO , July 26, 2023 /PRNewswire/ -- Against the backdrop of a hybrid work model and an uncertain economy, organizational culture is more important than ever to boost employee engagement and retention, company performance, and financial results. That's according to data from a new survey of 500 global CEOs published today by Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions.

CEOs are Leading with Culture to Boost Employee Engagement and Bottom Line, Reveals New Data from Heidrick & Struggles

Heidrick & Struggles International, a leading executive search firm, is a cash cow that has potential to improve profitability and grow. The company's consulting business has been a drag on earnings, but its on-demand talent sector shows potential for growth, especially with the acquisition of German company Atreus. Despite potential headwinds, Heidrick's strong balance sheet, cash-generative business and attractive valuation could make the stock a profitable investment with a decent dividend yield.

Heidrick & Struggles: Attractively Valued Cash Cow With Growth Prospects

CHICAGO , July 17, 2023 /PRNewswire/ -- Heidrick & Struggles (Nasdaq: HSII) today announced it will hold its quarterly conference call to discuss 2023 second quarter financial results on Monday, July 31, 2023, at 5:00pm ET. The conference call and accompanying slides will be publicly available via live webcast from the investor relations section of the Heidrick & Struggles website at www.heidrick.com.

HEIDRICK & STRUGGLES TO RELEASE 2023 SECOND QUARTER RESULTS

A new report by Heidrick & Struggles, INSEAD and BCG, found that more than two-thirds of directors (68%) feel that sustainability has little impact on financial performance today, and only 10% believe sustainability will negatively affect medium- to long-term financial results. The survey also found that only 29% of global board directors feel completely knowledgeable enough to challenge or monitor execution on sustainability, and 89% rely only on management updates to stay informed on the topic of ESG.

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CHICAGO , June 22, 2023 /PRNewswire/ --  Heidrick & Struggles International, Inc. (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, today announced the appointment of John Berisford to its Board of Directors as an independent director and member of the Human Resources and Compensation Committee of the Board. With the appointment of Berisford, the Board will comprise eight directors, seven of whom are independent.

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