HireQuest, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 05:15 pm EST
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HireQuest, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 9.27 million compared to USD 7.85 million a year ago. Net income was USD 1.48 million compared to USD 4.25 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.3 a year ago. Basic earnings per share was USD 0.11 compared to USD 0.31 a year ago. Diluted earnings per share was USD 0.11 compared to USD 0.31 a year ago.
For the nine months, revenue was USD 28.12 million compared to USD 22.89 million a year ago. Net income was USD 6.12 million compared to USD 9.74 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.69 a year ago. Basic earnings per share was USD 0.45 compared to USD 0.72 a year ago. Diluted earnings per share was USD 0.45 compared to USD 0.71 a year ago.
HireQuest, Inc. is a franchisor of offices providing direct-dispatch executive search, commercial staffing, and permanent placement solutions. The Company, through its franchisees, provides various types of services through multiple business models under the trade names HireQuest Direct, Snelling, HireQuest, DriverQuest, HireQuest Health, Northbound Executive Search, Management Recruiters International (MRI). HireQuest Direct focuses on daily work/daily-pay jobs primarily for construction and light industrial customers. Snelling and HireQuest focus on longer-term staffing positions in the light industrial and administrative arenas. DriverQuest specializes in both commercial and non-CDL drivers serving a variety of industries and applications. HireQuest Health specializes in skilled personnel in the healthcare and dental industries. Northbound and MRI focus on executive, managerial, and professional recruitment services, although they also offer short-term consultant services.