HireQuest Q4 net income down 82% to $0.03 EPS; full-year EPS $0.47 vs $0.87

HireQuest, Inc.

Revenue Q4 $9.8M (+21.3% YoY); franchise royalties $8.9M (+15.9%).
Net income continuing ops Q4 $467K ($0.03 diluted) vs $2.6M ($0.19) prior year – down 82%.
Full-year 2023 net income $6.1M ($0.47 diluted) vs $12.5M ($0.87) – down 51%.
SG&A surged 40% in Q4 led by $1.2M workers' comp; full-year workers' comp $3.7M vs net benefit of $1.9M.
Acquired TEC Staffing Services in Q4; MRINetwork integration near complete; quarterly dividend $0.06.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HireQuest, Inc. reported financial results for the year and quarter ended December 31, 2023.

Period: the year and quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On March 21, 2024, HireQuest, Inc. (the "Company") issued a press release (the "Press Release") reporting its financial results for the year and quarter ended December 31, 2023, a copy of which is attached hereto as Exhibit 99.1.

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Source: SEC EDGAR

accession 0001437749-24-008858

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