Heidrick & Struggles Internatio
58.33+0.01 (+0.01%)
Oct 30, 2:32:31 PM EDT · NasdaqGS · HSII · USD
Key Stats
Market Cap
1.21BP/E (TTM)
36.45Basic EPS (TTM)
1.60Dividend Yield
0.01%Recent Filings
8-K
Heidrick goes private for $1.3B
Heidrick & Struggles signed a merger agreement on October 5, 2025, with affiliates of Advent International and Corvex, allowing the private equity firms to acquire the company for $59.00 per share in cash, valuing equity at $1.3 billion. The board unanimously approved the deal, citing strategic alignment for accelerated growth in leadership advisory services, while the transaction awaits stockholder approval and regulatory clearances expected by Q1 2026. Yet risks loom if approvals falter. Deal closes soon.
10-Q
Q2 FY2025 results
Heidrick & Struggles posted solid Q2 FY2025 results, with net revenue climbing 13.9% year-over-year to $317.2 million, fueled by a 13.4% jump in Executive Search to $238.2 million and 14.3% growth in On-Demand Talent to $47.9 million, while Heidrick Consulting rose 16.6% to $31.2 million on stronger leadership assessments. Operating income swung to $25.2 million from a $4.2 million loss last year, thanks to no repeat of prior impairment and restructuring hits, lifting diluted EPS to $0.99 from a $0.25 loss; the EPS aligns with 21.2 million diluted shares. Cash and equivalents dipped to $211.2 million amid $163.6 million operating outflow from bonus payouts, yet the firm holds $100 million revolver availability with no debt and full covenant compliance. Free cash flow stood negative at $170.3 million after $6.6 million capex. Europe surged 30.9%, but On-Demand margins remain thin at 2.1%. Competition from digital platforms pressures traditional search fees.
8-K
Q2 revenue surges 13.9%
Heidrick & Struggles reported Q2 2025 net revenue of $317.2 million, up 13.9% year-over-year, driven by growth across Executive Search, On-Demand Talent, and Heidrick Consulting segments. Adjusted EBITDA rose to $33.9 million with a 10.7% margin, reflecting improved profitability despite macroeconomic uncertainty. All segments contributed; revenue grew 13.4% in Executive Search to $238.2 million. Q3 outlook targets $295–$315 million. Strong results beat expectations.
8-K
Annual meeting elects directors
Heidrick & Struggles' stockholders convened their annual meeting on May 22, 2025, electing eight directors—Elizabeth L. Axelrod, Mary E.G. Bear, John Berisford, Timothy Carter, Vijaya Kaza, Thomas L. Monahan III, Stacey Rauch, and Adam Warby—each for a one-year term, with votes ranging from 15.8 million to 17.0 million for amid some withholdings. The advisory vote on executive compensation passed with 16.0 million in favor against 991,710 opposed, while ratification of RSM US LLP as auditors drew near-unanimous support at 18.4 million for. Directors secured; continuity holds.
8-K
Q1 revenue surges 7%
Heidrick & Struggles reported Q1 2025 net revenue of $283.6 million, up 6.9% year over year, beating the high end of guidance as all segments grew—Executive Search by 5.9%, On-Demand Talent by 12.4%, and Heidrick Consulting by 6.8%. Adjusted EBITDA rose to $29.1 million with a 10.3% margin, while cash dipped to $211.9 million amid seasonal outflows. It beat expectations. Q2 revenue outlook sits at $285–$305 million, but macroeconomic headwinds loom.
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