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HireQuest (HQI) Q2 2026 Earnings Call Transcript

HireQuest (HQI) Q2 2026 Earnings Call Transcript

finance.yahoo.com 19.08.2026 14:59 10 baxış

At this time, all participants have been placed on mute for the presentation. It is now my pleasure to turn the floor over to your host, Jen Belladeau from INF Investor Relations. I would like to welcome everybody to the call today.

Hosting the call are HireQuest CEO, Richard F. I will now take a moment to read the safe harbor statement. This conference call contains forward-looking statements as defined within Section 27A of the Securities Act of 1.93 thousand as amended, and Section 21E of the Securities Exchange Act of 1.93 thousand as amended.

These forward-looking statements and terms such as anticipate, expect, intend, may, will, should or other comparable terms involve and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Hire Quest and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in HireQuest's periodic reports filed with the SEC.

And that actual results may differ materially from those contemplated by such forward looking statements. Except as required by federal securities law, HireQuest undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Now I would like to turn the call over to the CEO of Hire Quest, Richard F.

Hermanns: Good afternoon, and thank you for joining our call today. In the second quarter, we continued to see improving demand for temporary staffing services as the market stabilizes and employers begin to prioritize hiring again. Leading up to Q2, we saw what I described as tentative green shoots in demand over the last few quarters, but with no real traction to speak of until the second half of the first quarter of this year when we started to see consistent demand in favorable weekly year over year comparisons across the business.

As you can see in our results, these comps were even more favorable in Q2 as we drove year over year revenue growth for the first time since the third quarter of 2020 4. And frankly, the latter part of the second quarter was better than the start. Dave will take a deeper dive into the financials, but moving down the P&L at a high level, the increased revenue in the quarter combined with disciplined expense management generated significantly improved GAAP profitability and earnings for our shareholders.

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