earnings
confidence high
sentiment positive
materiality 0.75
HireQuest Q2 net income $2.7M, adjusted EPS $0.23; revenue up 6%
HireQuest, Inc.
- Q2 revenue $8.1M (+6.0% YoY); pro forma +16.6% excluding MRINetwork divestiture.
- Net income $2.7M ($0.19/diluted) vs $1.1M ($0.08); adjusted EPS $0.23 vs $0.15.
- Adjusted EBITDA $4.6M vs $3.3M; franchise royalties $7.6M, +4.1% (pro forma +13.8%).
- System-wide sales $117.8M, -6.4% reported but +6.9% pro forma; cash $1.6M at quarter end.
- Quarterly dividend of $0.06/share paid June 15; company plans to continue quarterly payments.