HireQuest (HQI) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Good afternoon, everyone, and thank you for participating in today's conference call to discuss HireQuest's financial results for the First Quarter ended 03/31/2025. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the call over to Jennifer Belladeau of IMS Investor Relations. Please go a ...

Financial Performance - Consolidated revenue for Q1 2025 was $690 million, representing a 16% decrease year-over-year and a 6% decrease sequentially [3][6] - The company reported a net loss of $1 million, or ($0.03) per diluted share, compared to a net income of $17 million, or $0.45 per diluted share in Q1 2024 [6][26] - Adjusted diluted EPS for the quarter was $0.45, down 54% from $0.97 in the same quarter a year ago [3][12] Segment Performance - Revenue from the Nurse and Allied Solutions segment was $413 million, down 20% year-over-year and 9% sequentially [7] - The Physician and Leadership Solutions segment reported revenue of $174 million, an 8% decrease year-over-year but a 1% increase sequentially [8] - Technology and Workforce Solutions segment revenue was $102 million, a decrease of 9% year-over-year and 4% sequentially [9] Operational Highlights - Cash flow from operations was strong at $93 million, allowing the company to reduce debt by $60 million, resulting in a net leverage ratio of 3.1:1 [8][13] - The company achieved improved bookings driven by technology and process improvements, particularly in locum tenens revenue, which showed sequential growth [8] - AMN Healthcare was recognized in Modern Healthcare's 2025 Innovators Awards for its WorkWise workforce technology suite and AMN Passport mobile career platform [8] Guidance and Outlook - For Q2 2025, the company expects consolidated revenue to be between $645 million and $660 million, which is projected to be 11-13% lower than the prior year [14][15] - The guidance includes anticipated revenue declines across all segments, with Nurse and Allied Solutions expected to decrease by 14-17% year-over-year [15] - Gross margin for Q2 2025 is expected to be between 28.5% and 29.0% [14]

Financial Data and Key Metrics Changes - Consolidated gross profit for Q1 2025 was $22 million, a 7.9% increase over Q1 2024, marking the highest gross profit in the past twelve quarters [21] - Adjusted EBITDA for Q1 2025 was $7.8 million, compared to $6.2 million for Q1 2024, reflecting a growth of 14.4% [21] - Adjusted EPS for Q1 2025 was $0.63, up from $0.53 in Q1 2024, indicating an 18.9% increase [21] Business Line Data and Key Metrics Changes - In healthcare, gross profit for Q1 2025 was $12.2 million, compared to $11.1 million in Q1 2024, growing 10.2% [21] - Engineering gross profit for Q1 2025 was $6.2 million, up from $5.5 million in Q1 2024, a growth of 12.4% [22] - In IT, life sciences, and data solutions, gross profit for Q1 2025 was $3.6 million, down from $3.8 million in Q1 2024, a decline of 5.3% [25] Market Data and Key Metrics Changes - School revenue for Q1 2025 was $37.3 million, compared to $31.9 million in Q1 2024, reflecting a growth of 16.7% [22] - Non-school revenue for Q1 2025 was $6 million, slightly down from $6.3 million in Q1 2024, but would have been $5.5 million versus $5.1 million if excluding a large long-term care group [22] Company Strategy and Development Direction - The company is focused on cultivating the next generation of leadership and enhancing operational efficiency to ensure long-term success [4] - There is a strong emphasis on revenue expansion and new client acquisition, particularly in the healthcare and engineering sectors [6][9] - The company is capitalizing on technological advancements in AI and machine learning, with a significant expansion in manufacturing across its life sciences client base [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties, focusing on secular themes that can drive growth [30] - The outlook for the business is strong, with expectations of continued low double-digit growth in adjusted EBITDA throughout fiscal 2025 [26] - Management anticipates Q4 2025 will produce the highest adjusted EBITDA quarter for the year [26] Other Important Information - The company has retired over 300,000 shares year-to-date, bringing the total repurchase over the last five years to nearly half of shares outstanding [20] - The balance sheet remains clean with significant financial flexibility and resilient organic growth [20] Q&A Session Summary Question: Is political policy uncertainty affecting the business? - Management indicated that they have not encountered significant issues related to the macroeconomic environment and are focused on leveraging secular themes for growth [30] Question: Regarding healthcare gross margins, is the lower margin due to legacy business? - Management clarified that the lower gross margin is more of a quarterly fluctuation rather than a trend, with expectations for improvement in Q2 [32][33]

Core Insights - Manpower is expanding its educational offerings by introducing bachelor's degree programs in Nursing and Education through its MyPath Program in collaboration with the University of Phoenix, aimed at providing accessible career advancement opportunities for healthcare professionals [1][3] Group 1: Educational Initiatives - The new full-tuition college programs allow eligible Manpower associates to pursue education at no cost, supporting career growth and enhancing job opportunities while increasing earning potential [2] - The initiative is designed to meet the growing demand for qualified healthcare professionals, thereby developing a more skilled and versatile workforce for Manpower's healthcare clients [2][4] Group 2: Industry Context - The launch of the Nursing Degree Program coincides with National Nurses Week, highlighting the increasing need for healthcare professionals and the importance of strengthening the industry's talent pipeline [3] - Manpower's recent acquisition of a franchise in Ann Arbor, Michigan, which has been successfully placing talent in healthcare roles for over 20 years, supports its expansion into healthcare staffing [3] Group 3: Commitment to Workforce Development - The partnership with the University of Phoenix not only focuses on healthcare management but also opens opportunities in high-demand fields such as Nursing and Health Administration, equipping individuals with necessary skills for a rapidly evolving job market [4]

BGSF (BGSF) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Day, everyone. Welcome to the BGSF Inc. Fiscal twenty twenty five First Quarter Financial Results Conference Call. At this time, all participants have been placed on a listen only mode, and the floor will be open for questions and comments after the presentation. As a reminder, this conference call is being recorded. Now I will turn the call over to Sandy Martin, three part advisers. Please go ahead. Speaker1 Good morning. Thank you for joi ...

Kelly Services (KELYA) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -26.42%. A quarter ago, it was expected that this staffing company would post earnings of $0.44 per share when it actually produced earnings of $0.82, delivering a surprise of 86.36%.Over the last four quarters, th ...

Core Insights - Kelly Services reported organic revenue growth in Q1 2025 that met expectations and outperformed the market, driven by strength in the Education sector and demand for higher-margin solutions in semiconductor and renewables [2][8] - The company is focused on efficiency and effectiveness to navigate the evolving macroeconomic environment and is positioned to capitalize on demand rebounds [2] Financial Performance - Q1 2025 revenue reached $1.16 billion, an increase of 11.5% year-over-year, primarily due to the acquisition of Motion Recruitment Partners, LLC, with organic growth at 0.2% [8][9] - Operating earnings for Q1 were $10.8 million, down from $26.8 million in the same period last year, while adjusted earnings were $22.1 million, a slight decrease from $23.1 million [9][12] - Adjusted EBITDA for Q1 was $34.9 million, up 4.8% year-over-year, with an adjusted EBITDA margin of 3.0%, down 20 basis points [8][9] Segment Performance - The Education segment saw a revenue increase of 6.3%, contributing to overall growth, while the Science, Engineering & Technology segment experienced a 39.2% revenue increase [9][19] - Enterprise Talent Management revenue was $534.0 million, with a gross profit of $108.0 million, while the Science, Engineering & Technology segment generated $322.4 million in revenue [19][27] Cash Dividend - The board of directors declared a quarterly cash dividend of $0.075 per share, payable on June 3, 2025, to stockholders of record as of May 19, 2025 [5] Future Outlook - The company anticipates year-over-year revenue growth of 6.0% to 7.0% in Q2 2025, with expected adjusted EBITDA margin decline of 20 to 30 basis points, but anticipates margin expansion in Q3 and Q4 [8][9]

Centerline also names its annual Drive It Forward Scholarship winner and Driver of the Year.TACOMA, Wash., May 8, 2025 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, and its transportation staffing leader, Centerline Drivers, are proud to introduce the inaugural Respect the Drive Customer Awards, honoring industry-leading businesses that set the standard in safety, driver culture, and inclusivity. This new recognition program is an expansion of Centerline's long ...

DHI Group (DHX) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Todd Kehrli - PartnerArt Zeile - President , CEO & DirectorGreg Schippers - CFOGary Prestopino - Managing DirectorKevin Liu - Founder & CEO Operator Good day, and welcome to the DHI Group First Quarter of twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode for the duration of the call. After today's presentation, there will be an opportunity to ask questions. Also, please be a ...

DHI Group (DHX) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good day, and welcome to the DHI Group First Quarter of twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode for the duration of the call. After today's presentation, there will be an opportunity to ask questions. Also, please be aware that today's call is being recorded. I would now like to turn the call over to Todd Curley of Pondell Wilkinson. Please go ahead. Speaker1 Thank you, operat ...