Heidrick & Struggles International Inc
NASDAQ:HSII
Heidrick & Struggles International Inc
Heidrick & Struggles International, Inc. engages in provision of leadership consulting, culture shaping and senior-level executive search services. The company is headquartered in Chicago, Illinois and currently employs 1,846 full-time employees. The firm provides its services to a range of clients through the expertise of approximately 430 consultants located in many cities around the world. The Company’s service offerings include Executive Search, On-Demand Talent and Heidrick Consulting. Executive search firms are generally separated into two broad categories: retained search and contingency search. Its on-demand services provide clients seamless on-demand access to top independent talent, including professionals with deep industry and functional expertise for interim leadership roles and critical, project-based initiatives. Heidrick Consulting offers its clients groundbreaking approaches to human capital development through a myriad of solutions, ranging from leadership assessment and development, team and organization acceleration and other.
Heidrick & Struggles International, Inc. engages in provision of leadership consulting, culture shaping and senior-level executive search services. The company is headquartered in Chicago, Illinois and currently employs 1,846 full-time employees. The firm provides its services to a range of clients through the expertise of approximately 430 consultants located in many cities around the world. The Company’s service offerings include Executive Search, On-Demand Talent and Heidrick Consulting. Executive search firms are generally separated into two broad categories: retained search and contingency search. Its on-demand services provide clients seamless on-demand access to top independent talent, including professionals with deep industry and functional expertise for interim leadership roles and critical, project-based initiatives. Heidrick Consulting offers its clients groundbreaking approaches to human capital development through a myriad of solutions, ranging from leadership assessment and development, team and organization acceleration and other.
Revenue Beat: Q2 revenue reached about $317 million, surpassing the high end of guidance and growing 14% year-over-year.
Profitability: Adjusted EBITDA grew by $5 million to $34 million, with margin expanding to 10.7%. Adjusted diluted EPS was $0.85, up 27% from last year.
Segment Growth: All three business lines—Executive Search, On-Demand Talent, and Consulting—posted revenue growth and contributed to profit.
Hiring Plans: The company is investing in talent, with increased hiring expected to moderate margins in the second half, but annual margins still set to improve.
Q3 Guidance: Revenue for Q3 is guided between $295 million and $315 million, implying nearly 10% year-over-year growth at the midpoint.
Macro Uncertainty: Management noted ongoing client hesitancy and project delays due to the uncertain economic and geopolitical environment, but underlying demand remains strong.
Cash Position: The company ended the quarter with $400 million in cash, up $103 million from a year ago, supporting strategic flexibility.
