HireQuest Q2 2024 net income flat at $2.0M; royalty revenue down 6.2%

HireQuest, Inc.

2024-Q2 EPS reported $0.26 revenue$17,099,000

Franchise royalties $8.2M, down 6.2% YoY from $8.7M.
Total revenue $8.7M, down 3.4% YoY from $9.0M.
Net income from continuing ops $2.1M ($0.15/diluted share), unchanged YoY.
Adjusted EBITDA $4.0M vs $3.9M in prior year quarter.
System-wide sales $146.1M, down from $157.0M YoY; maintains $0.06 quarterly dividend.

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