HireQuest, Inc. (HQI) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.12, delivering a surprise of -14.29%. Over the last four quarters, the company h ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38513 HIREQUEST,INC. | --- | --- | --- | |----------------------------------------------------------------|---------------------------------------|----------- ...

Exhibit 99.1 HireQuest Reports Financial Results for Second Quarter 2024 GOOSE CREEK, South Carolina – August 8, 2024 – HireQuest, Inc. (Nasdaq: HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Summary ● Franchise royalties decreased 6.2% to $8.2 million compared to $8.7 million in the prior year period. ● Total revenue decreased 3.4% to $8.7 million compared to ...

Financial Data and Key Metrics - Total revenue for Q1 2024 was $8.4 million, a decrease of 14.6% compared to $9.9 million in Q1 2023 [10] - Franchise royalties for Q1 2024 were $7.8 million, down from $9.3 million in Q1 2023 [11] - System-wide sales for Q1 2024 were $134 million, compared to $153.5 million in Q1 2023 [11] - Net income from continuing operations for Q1 2024 was $1.7 million or $0.12 per diluted share, compared to $2.3 million or $0.17 per diluted share in Q1 2023 [35] - Adjusted EBITDA for Q1 2024 was $3.4 million, down from $4.6 million in Q1 2023 [13] Business Line Performance - HireQuest direct franchisees performed well in Q1 2024, while MRI network firm placements struggled [5] - Service revenue for Q1 2024 was $588,000, up from $534,000 in Q1 2023 [34] - MRI network advertising fund revenue contributed $101,000 in Q1 2024 [34] Market Performance - The staffing market in the Southeast performed better, while IT-related staffing faced challenges [51] - Logistics staffing has been tough but is showing slight improvement [40] Strategic Direction and Industry Competition - The company remains focused on organic growth and strategic acquisitions to expand its staffing offerings and geographic presence [9] - M&A is a key part of the strategy, with a focus on accretive acquisitions that strengthen the business while maintaining a strong balance sheet [31] - The company is well-positioned to capitalize on increased demand as employers become more comfortable adding headcount [28] Management Commentary on Operating Environment and Future Outlook - The company expects general demand for temporary staffing to increase in Q2 and Q3 due to seasonal factors [5] - Management is optimistic about the second half of 2024, despite current economic headwinds [15] - The company is focused on reducing workers' compensation expenses, which have shown a positive trend in Q1 2024 [8][12] Other Important Information - Core SG&A expenses decreased to $4.9 million in Q1 2024 from $5.7 million in Q1 2023 [6] - Workers' compensation expense was $572,000 in Q1 2024, down from $1.3 million in Q4 2023 [12] - The company had $16.1 million drawn on its credit facility and $24.2 million in availability as of March 31, 2024 [14] Q&A Session Summary Question: Are there signs of improvement in the technology staffing sector? - The company expects a seasonal impact but is uncertain if it will match historical levels [20] - The IT sector has shown some improvement, but overall demand remains challenging [40] Question: Will workers' compensation expenses continue to improve in 2024? - Management expects further improvement in workers' compensation expenses, with Q1 2024 reflecting only one month of the new policy [43] Question: What is the M&A pipeline like in the current environment? - The company is seeing more deals, but many are overpriced, with some opportunities arising from struggling smaller players [44][45] Question: How is the staffing environment evolving? - The environment is stable but not improving significantly, with employers being more selective in hiring [51] Question: Will the typical seasonal ramp in Q2 and Q3 materialize? - The company expects sequential improvement in Q2 and Q3, but the impact may be muted compared to historical trends [54]

HireQuest, Inc. (HQI) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced earnings of $0.03, delivering a surprise of 130%.Over the last four quarters, the company has ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38513 HIREQUEST,INC. (Exact name of registrant as specified in its Charter) (State of incorporation or organization) (I.R.S. employer identification no.) Del ...

Exhibit 99.1 HireQuest Reports Financial Results for First Quarter 2024 GOOSE CREEK, South Carolina – May 9, 2024 – HireQuest, Inc. (Nasdaq: HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Summary System-wide sales for the first quarter of 2024 decreased to $134.0 million compared to $153.5 million for the same period in 2023. Rick Hermanns, HireQuest's Presiden ...

HireQuest, Inc. (NASDAQ:HQI) Q4 2023 Earnings Conference Call March 21, 2024 4:30 PM ET Company Participants Rick Hermanns - President and CEO Steve Crane - CFO John Nesbett - IMS IR Conference Call Participants Kevin Steinke - Barrington Research Peter Rabover - Artko Capital Mike Baker - D.A. Davidson Operator Good afternoon, everyone, and thank you for participating in today's call to discuss HireQuest Financial Results for the Fourth Quarter and Year Ended December 31, 2023. At this time, all participan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38513 HIREQUEST, INC. (Exact name of registrant as specified in its charter) (State of incorporation or organization) (I.R.S. employer identification no.) Delaware 91-20 ...

Exhibit 99.1 HireQuest Reports Financial Results for Fourth Quarter and Year End 2023 System-wide sales for the fourth quarter of 2023 increased to $143.5 million compared to $127.9 million for the same period in 2022. System-wide sales for full year 2023 were $605.1 million compared to $472.2 million in full year 2022, primarily related to the acquisition of MRINetwork, offset by a general decline in system-wide sales from existing operations. Rick Hermanns, HireQuest's President and Chief Executive Office ...