Heidrick & Struggles(HSII)

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Heidrick & Struggles(HSII) - 2023 Q1 - Quarterly Report
2023-04-24 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 0-25837 HEIDRICK & STRUGGLES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdi ...
Heidrick & Struggles(HSII) - 2022 Q4 - Earnings Call Transcript
2023-02-28 03:56
Heidrick & Struggles International, Inc. (NASDAQ:HSII) Q4 2022 Earnings Conference Call February 27, 2023 5:00 PM ET Company Representatives Krishnan Rajagopalan - President, Chief Executive Officer Mark Harris - Chief Financial Officer Suzanne Rosenberg - Vice President of Investor Relations Conference Call Participants Kevin Steinke - Barrington Research Marc Riddick - Sidoti Tobey Sommer - Truist Securities Operator Good day, everyone. My name is [inaudible]. I'll be your conference operator for today. A ...
Heidrick & Struggles(HSII) - 2022 Q4 - Earnings Call Presentation
2023-02-27 23:42
I N T E G R A T E D S E R V I C E S F U E L E D B Y D A T A • On-Demand Talent • Heidrick Consulting • Diversity, Equity & Inclusion Financial Highlights • Quarterly net revenue of $235.7 million; on a constant currency basis, net revenue was $243.9 million for the fourth quarter A D J U S T E D E B I T D A * • Net income of $16.0 million in the quarter • Annual diluted earnings per share of $3.86 * Non-GAAP Financial Measure • Provides platform to begin process of becoming the #1 On-Demand Talent (ODT) pro ...
Heidrick & Struggles(HSII) - 2022 Q4 - Annual Report
2023-02-27 21:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 0-25837 HEIDRICK & STRUGGLES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 36-2681268 (State or Other Jurisdiction of Incorporation or Organization ...
Heidrick & Struggles(HSII) - 2022 Q3 - Earnings Call Transcript
2022-10-24 23:59
Heidrick & Struggles International, Inc. (NASDAQ:HSII) Q3 2022 Earnings Conference Call October 24, 2022 05:00 PM ET Company Participants Suzanne Rosenberg - VP, IR Krishnan Rajagopalan - President and CEO Mark Harris - CFO Conference Call Participants Tobey Sommer - Truist Securities Kevin Steinke - Barrington Research Marc Riddick - Sidoti Presentation Operator Welcome to the Third Quarter 2022 Heidrick & Struggles Earnings Conference Call. All lines have been placed on mute to prevent any background nois ...
Heidrick & Struggles(HSII) - 2022 Q3 - Earnings Call Presentation
2022-10-24 20:56
Third Quarter 2022 Results October 24, 2022 Cautionary Statement Regarding Forward-Looking Information The following slides contain forward-looking statements within the meaning of the federal securities laws. The forward-looking statements are based on current expectations, estimates, forecasts, and projections about the industry in which we operate and management's beliefs and assumptions. Forwardlooking statements may be identified by the use of words such as "expects," "anticipates," "intends," "plans," ...
Heidrick & Struggles(HSII) - 2022 Q3 - Quarterly Report
2022-10-24 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 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 SEPTEMBER 30, 2022 Commission File Number: 0-25837 HEIDRICK & STRUGGLES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 36-2681268 (I.R.S. Employer Identification Number) 233 South Wacker Drive-Suite 4900 Chicag ...
Heidrick & Struggles(HSII) - 2022 Q2 - Earnings Call Transcript
2022-07-25 23:35
Financial Data and Key Metrics Changes - Consolidated net revenue reached $299 million, a 15% increase year-over-year, marking the highest quarterly revenue in the company's history [6][31] - Operating income was reported at $33.9 million, an 18% increase from the prior year, with an operating margin of 11.3% [45] - Adjusted net income increased to $24.1 million, a 5.4% rise over the previous year, with diluted earnings per share reaching an all-time high of $1.19 [47] Business Line Data and Key Metrics Changes - Executive Search generated net revenue of $253.9 million, up 13.3% year-over-year, with significant growth in the Americas (19.4%) and a decline in Asia Pacific (6.5%) [32] - Heidrick Consulting achieved net revenue of $22 million, a 31% increase compared to the previous year, marking its second highest revenue quarter [18][37] - On-Demand Talent reported revenue of $22 million, a 19% increase year-over-year, with an annual run rate exceeding $90 million [20][36] Market Data and Key Metrics Changes - The Americas region showed strong performance, while Europe increased by 20% on a constant currency basis, and Asia Pacific saw a slight decline of 1.4% [32] - The demand for leadership roles, particularly in technology and financial services, remains robust, with a notable increase in CEO and other executive searches [16][90] Company Strategy and Development Direction - The company is focused on a diversified strategy that includes Executive Search, Heidrick Consulting, and On-Demand Talent, aiming to create a virtuous cycle of leadership offerings [11][12] - Investments are being made in high-growth geographies and digital-enabled services to enhance scalability and service offerings [19][23] - The company aims to leverage its strong brand and relationships to expand its advisory capabilities and address evolving client needs [13][10] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand signals across all segments, with expectations of continued growth despite potential near-term volatility due to macroeconomic factors [7][28] - The company anticipates a moderation in growth rates but remains optimistic about the overall strength of its business and guidance for Q3 [28][49] - Management emphasized the importance of adapting to changing business models and leadership responsibilities in a dynamic environment [10][90] Other Important Information - The company ended the quarter with cash and cash equivalents of $336.6 million, a 41.5% increase compared to the same period last year, with no debt [48] - A global consultants' conference was held, fostering collaboration and alignment among teams, which is expected to positively impact future performance [14][63] Q&A Session Summary Question: What macro trends are being observed and their impact on business? - Management indicated no significant contraction in the market, with demand signals remaining strong across all segments [54] Question: Can you elaborate on the initiatives to drive larger average project sizes in On-Demand Talent? - The company is successfully integrating search and consulting efforts to create additional revenue opportunities through project work [55] Question: What is the timeline for the launch of digital products? - Management expects to begin generating revenue from new digital products in 2023 [58] Question: How are general and administrative expenses impacted by the global consultants' conference? - Approximately $3.5 million was spent on the conference, which is not expected to recur in Q3 [60] Question: What is the outlook for C-suite activity and turnover? - There has been a notable increase in CEO searches, driven by changes in the environment and organizational needs [90]
Heidrick & Struggles(HSII) - 2022 Q2 - Quarterly Report
2022-07-25 20:05
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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Commission File Number: 0-25837 HEIDRICK & STRUGGLES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdic ...
Heidrick & Struggles(HSII) - 2022 Q1 - Earnings Call Transcript
2022-04-26 01:53
Heidrick & Struggles International, Inc. (NASDAQ:HSII) Q1 2022 Earnings Conference Call April 25, 2022 5:00 PM ET Company Participants Suzanne Rosenberg - VP, IR Krishnan Rajagopalan - President and CEO Mark Harris - CFO Conference Call Participants Marc Riddick - Sidoti Kevin Steinke - Barrington Research Tobey Sommer - Truist Securities Operator Good afternoon, ladies and gentlemen, and welcome to the Heidrick & Struggles Q1 2022 Earnings Conference Call. Just a reminder, today's call is being recorded. A ...