Latest news with #Heidrick&Struggles
Yahoo
06-05-2025
- Business
- Yahoo
Heidrick & Struggles International Inc (HSII) Q1 2025 Earnings Call Highlights: Strong ...
Revenue: Approximately $284 million, a 7% increase compared to Q1 2024. Adjusted EBITDA: Improved by $3.3 million to $29.1 million. Adjusted EBITDA Margin: Expanded 50 basis points to 10.3%. Salaries and Benefits: Increased 8.6% from the prior quarter, accounting for 66.8% of net revenue. General Administrative Expenses: $41.4 million, improved 100 basis points to 14.6% of net revenue. R&D Spend: $6.4 million, or 2.3% of net revenue. Executive Search Revenue: Grew 6% to $213 million. On-Demand Talent Revenue: Increased 12% to $43 million. Heidrick Consulting Revenue: Organic revenue increased 7% to $28 million. Adjusted Net Income: $14.2 million, compared to $14 million last year. Adjusted Diluted EPS: $0.67, consistent with the year-ago period. Cash Position: $325 million, up $72 million from the end of March 2024. Q2 Revenue Guidance: Expected to be within a range of $285 million to $305 million. Warning! GuruFocus has detected 4 Warning Signs with HSII. Release Date: May 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Heidrick & Struggles International Inc (NASDAQ:HSII) delivered strong Q1 2025 results, with revenue reaching approximately $284 million, marking a 7% increase compared to Q1 2024. The company exceeded the high end of its outlook with robust profitability, as adjusted EBITDA improved by $3.3 million to $29.1 million, and the adjusted EBITDA margin expanded by 50 basis points to 10.3%. The executive search segment saw revenue growth of 6% to $213 million, with improved profitability and an adjusted EBITDA margin of 24.5%. On-demand talent revenue increased by 12% to $43 million, marking continued outperformance amid market dynamics, and achieved profitability with an adjusted EBITDA of $0.4 million. The company maintains a strong cash position of $325 million, up $72 million from the previous year, providing strength and flexibility for future investments and shareholder returns. Operating expenses increased, with salary and benefits rising by 8.6% from the prior quarter, impacting overall profitability. There was a $3.7 million operational reorganization charge, which affected the percentage of net revenue allocated to salaries and benefits. Heidrick consulting reported an adjusted EBITDA loss of $2.1 million for the quarter, indicating challenges in achieving profitability in this segment. The current economic climate heightens uncertainty, potentially leading clients to delay or pause projects, which could impact future revenue. Despite strong Q1 results, there is caution about potential volatility in the second half of the year due to economic uncertainty and client decision-making dynamics. Q: Given past disruptions and recessions, how might current economic conditions impact Heidrick & Struggles in 2025? Are there any parallels to past downturns? A: Thomas Monahan, CEO, noted that while economic downturns can slow certain segments, Heidrick & Struggles is not currently seeing such effects. He emphasized the company's strong economic attributes, such as no debt and a diversified business mix, which help weather economic storms. Each downturn is unique, and the company remains vigilant in monitoring client activity and tone. Q: Can you discuss your thoughts on cash usage and potential acquisitions, especially given the current economic headlines? A: Nirupam Sinha, CFO, explained that the company is managing cash to cover payments due in 2026 from past acquisitions. The priority remains on organic investments, but they are open to acquisitions or lift-outs, particularly with smaller players, as part of regular business evaluations. Q: How is M&A activity influencing client demand, and has it met expectations for the year? A: Thomas Monahan, CEO, stated that M&A activities create opportunities for Heidrick & Struggles to engage with clients on leadership and team integration. M&A is one of several strategic initiatives that require leadership expertise, and the company is well-positioned to support clients in these endeavors. Q: Could you elaborate on the simplification of Heidrick Consulting operations and its impact on profitability? A: Nirupam Sinha, CFO, mentioned that there were one-time items affecting Q1 results, including a reorganization charge. The company is focused on improving performance and expects to achieve long-term profitability targets of 11% to 13% for consulting, as shared during Investor Day. Q: What are the current trends in Europe, and what are the drivers behind the 9% revenue increase? A: Nirupam Sinha, CFO, noted strong performance across various sectors in Europe, including technology, financial services, and industrials. While specific events like Liberation Day may have contributed, the overall success is attributed to a strong team and focused execution. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Heidrick & Struggles Appoints a New Managing Partner for Their CEO & Board Practice in Europe and Africa
Kati Najipoor-Smith brings decades of cross-sector global experience to help boards and CEOs provide great leadership at the top at a crucial and complex time LONDON, May 02, 2025--(BUSINESS WIRE)--Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, global leadership advisory and on-demand talent solutions, has appointed Kati Najipoor-Smith as Regional Co-Managing Partner, CEO & Board Practice, for Europe and Africa. Based at the Firm's office in Frankfurt, Germany, Kati brings decades of global executive search and consulting experience to the Heidrick & Struggles team to support boards and CEOs in navigating complex leadership challenges. Kati began her executive search career at Egon Zehnder in 1999, where she led Global Automotive and later the Global CEO Practice over several years. She advises chairs and CEOs of publicly traded, family-owned, and private-equity-backed companies across sectors and regions, focusing on building effective and strong boards and senior leadership teams. With a global network and extensive experience in CEO transitions, including many visible placements, Kati collaborates closely with boards to ensure robust, objective, and confidential succession processes, including the development of future CEOs. Speaking about her appointment with Heidrick & Struggles, Kati Najipoor-Smith said: "In this era of unprecedented uncertainty and complexity, business leaders are under immense pressure and the quality of leadership – at both board and C-Suite levels – is being tested like never before. With that in mind, I am excited to join Heidrick & Struggles and to work alongside a highly qualified and diverse consulting team, combining human-centric insight with fact-based, analytical rigour to support our clients' most critical leadership decisions." Jenni Hibbert, Heidrick & Struggles' Global Managing Partner Go-To-Market and Regional Leader, Europe & Africa, added: "We are very pleased to welcome Kati to Heidrick & Struggles, where I look forward to working with her as she brings her unique talent and experience to bear to make a meaningful impact on our clients across the region." Kati spent several years in management consultancies including Roland Berger and at FEV Group, a leading engineering services firm. She holds a PhD in mechanical engineering from the University of Aachen in Germany, an MSc in mechanical engineering from the University of California, and a BSc in mechanical engineering from the University of Portland. Kati is a frequent speaker and panel guest on leadership topics and is often invited to provide global perspectives on leadership. She also co-founded a private network of senior female executives 10 years ago to support female leaders' advancement. About Heidrick & Struggles Heidrick & Struggles (Nasdaq: HSII) is the world's foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we've delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at View source version on Contacts Media inquiries: Heidrick@
Business Wire
02-05-2025
- Business
- Business Wire
Heidrick & Struggles Appoints a New Managing Partner for Their CEO & Board Practice in Europe and Africa
LONDON--(BUSINESS WIRE)-- Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, global leadership advisory and on-demand talent solutions, has appointed Kati Najipoor-Smith as Regional Co-Managing Partner, CEO & Board Practice, for Europe and Africa. Based at the Firm's office in Frankfurt, Germany, Kati brings decades of global executive search and consulting experience to the Heidrick & Struggles team to support boards and CEOs in navigating complex leadership challenges. "In this era of unprecedented uncertainty and complexity, business leaders are under immense pressure and the quality of leadership – at both board and C-Suite levels – is being tested like never before." - Kati Najipoor-Smith Share Kati began her executive search career at Egon Zehnder in 1999, where she led Global Automotive and later the Global CEO Practice over several years. She advises chairs and CEOs of publicly traded, family-owned, and private-equity-backed companies across sectors and regions, focusing on building effective and strong boards and senior leadership teams. With a global network and extensive experience in CEO transitions, including many visible placements, Kati collaborates closely with boards to ensure robust, objective, and confidential succession processes, including the development of future CEOs. Speaking about her appointment with Heidrick & Struggles, Kati Najipoor-Smith said: 'In this era of unprecedented uncertainty and complexity, business leaders are under immense pressure and the quality of leadership – at both board and C-Suite levels – is being tested like never before. With that in mind, I am excited to join Heidrick & Struggles and to work alongside a highly qualified and diverse consulting team, combining human-centric insight with fact-based, analytical rigour to support our clients' most critical leadership decisions.' Jenni Hibbert, Heidrick & Struggles' Global Managing Partner Go-To-Market and Regional Leader, Europe & Africa, added: 'We are very pleased to welcome Kati to Heidrick & Struggles, where I look forward to working with her as she brings her unique talent and experience to bear to make a meaningful impact on our clients across the region.' Kati spent several years in management consultancies including Roland Berger and at FEV Group, a leading engineering services firm. She holds a PhD in mechanical engineering from the University of Aachen in Germany, an MSc in mechanical engineering from the University of California, and a BSc in mechanical engineering from the University of Portland. Kati is a frequent speaker and panel guest on leadership topics and is often invited to provide global perspectives on leadership. She also co-founded a private network of senior female executives 10 years ago to support female leaders' advancement. About Heidrick & Struggles Heidrick & Struggles (Nasdaq: HSII) is the world's foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we've delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at
Yahoo
01-05-2025
- Business
- Yahoo
Interim CFOs top list of most wanted talent
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Temporary finance chiefs remain the most-sought after interim leaders, topping the list of on-demand talent need requests in 2025, a recent report by Business Talent Group, a Heidrick & Struggles company, found. Amid skyrocketing requests for overall on-demand talent, requests for C-suite leadership made up the majority — while requests for interim CFOs made up 51% of all C-suite leadership asks, the report found. This marks a continuation in an ongoing trend, with demand for interim finance chiefs seeing a surge in 2023, followed by a smaller, but still significant jump in requests in 2024, CFO Dive previously reported, citing past BTG reports. As companies in 2025 continue to face economic uncertainty, that demand for interim CFOs is 'definitely not slowing down,' said Sunny Ackerman, global managing partner for on-demand talent at Heidrick & Struggles, an executive search firm. 'I think it highlights a bit of the need, the essential role that I'd say finance leaders play in organizations to help them navigate big transitions or restructures,' as well as economic headwinds, Ackerman said in an interview about the rising spotlight on interim CFOs. The demand for interim leadership at all levels has continued to skyrocket over the past few years — growing 310% since 2020, the report found. The jump comes as businesses continue to navigate a challenging macroeconomic environment, while simultaneously looking to prepare for long-term growth. Companies today are also taking a second look at how they engage their employees, whether on-demand — those hired for short-term projects or specific initiatives — or permanent, Ackerman said. The ability for business to 'plug talent in quickly to either, support an executive or support an interim project is something that more organizations are now starting to realize is a real benefit in terms of talent acquisition,' Ackerman said of the jump in interim leadership demand. Ackerman has served in her current role at the Chicago, Illinois-based company since February 2024, according to her LinkedIn profile. Her previous experience includes serving as president and divisional CEO, Americas for life sciences and engineering talent platform SThree, as well as serving as president, Americas for Frank Recruitment Group. Ongoing economic headwinds are also putting financial skills under a spotlight for companies, the report found. Financial controls, accounting and audit topped the list of skills currently in demand, while financial planning, analysis and modeling was the third-most requested skillset. 'I do think [with] the growing economic uncertainty, or just the volatility right now, the demand for executives that can help with things like financial controls and quantity is so big right now,' Ackerman said. The growing focus on financial leadership comes as the finance function has continued to evolve, turning from 'more of that financial gatekeeper to more an important strategic partner in an organization,' she said. 'And they're really instrumental for not only driving finance function, but driving transformation, and strategic decision making in a business.' Requests for strategic leadership have also increased, growing 71% YoY, according to the report. Finance and strategy also tend to work 'hand in hand,' Ackerman said, with executives such as the chief strategy officer often reporting to the CFO. While finance topped the list of on-demand talent asks, companies are also looking for potential hires with artificial intelligence and machine learning skills, the report found. Demand for experts AI and machine learning skills rose by 46% YoY, while 42% of executives pointed to a 'lack of leaders who can bridge AI and business strategy as their biggest barrier to tech progress,' according to the report. The focus surrounding AI comes as businesses are continuing to experiment with the emerging technology, such as AI agents which can perform a number of workplace tasks, CFO Dive previously reported. However, for some, the shine of the new technology has dimmed slightly in the face of cybersecurity, fraud, and costs concerns — a key focus for finance chiefs especially. 'I think anybody in the finance function's looking at that to say, 'that sounds great, but what is that really going to do to the business, to make it more effective, more efficient, faster, better for customers?' Ackerman said of AI. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Heidrick & Struggles Launches Global Government & Defense Tech Practice in Frontier Tech Push
The practice builds on the firm's longstanding history of providing mission-critical talent solutions to clients delivering technology solutions to governments around the world. CHICAGO, April 30, 2025 /CNW/ -- Heidrick & Struggles (Nasdaq: HSII), a leading provider of global leadership and talent solutions, today announced the launch of its Government & Defense Tech Practice. It is estimated that governments account for roughly 10% of total spend on technology and IT services globally—highlighting a growing opportunity for Frontier Tech and government entities alike to realize a more innovative future. With more than 200 completed engagements, this practice reinforces the firm's commitment to the sector, bringing expertise from decades of client work, to ensure the right leaders are leading in the right way for these organizations providing technology solutions to governments at the national, state, and local levels globally. "As technology has become integral to government and society, it is critical that technology solution providers have the talent necessary to help governments address their biggest challenges and opportunities – from resolving technical debt to continuing digital transformation, to incorporating next-generation technologies which better serve and protect citizens around the world," said Jason Schmucker, partner, Heidrick & Struggles and leader of the Government & Defense Tech practice. "Our proven track record of guiding Government & Defense Tech clients through periods of significant growth and transformation -- by placing new leaders, coaching and developing existing leaders, and enabling top teams and organizations to operate more effectively -- uniquely positions Heidrick & Struggles to continue supporting clients in today's fast-changing, ever-evolving, and interconnected world." As governments lean on technology solution providers now more than ever – for capabilities ranging from cloud infrastructure and cybersecurity to AI and robotics – the new practice brings together more than 30 experienced Search and Consulting partners from our technology, IT services, aerospace & defense, energy, private equity, and venture capital practices across North America, Europe, Asia, and Australia markets. "Our ever-evolving geopolitical and technological landscape, coupled with broader workforce shifts, has created a pressing need for next-generation, agile leadership and workforce ecosystems in what's traditionally been an insular industry," said Sam Burman, global managing partner, Frontier Tech at Heidrick & Struggles. "We have a strong foundation to build on and are excited for what we will continue to accomplish alongside our clients. Our global, cross-industry expertise will be crucial in helping clients navigate market dynamics and gain a competitive, tech-driven edge." To learn more about Heidrick & Struggles' Government & Defense Technology Specialty Practice, insights, and capabilities, please visit: About Heidrick & StrugglesHeidrick & Struggles (Nasdaq: HSII) is the world's foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we've delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at Media ContactBianca Wilson Global Director, Public RelationsHeidrick & Strugglesbwilson@ View original content: SOURCE Heidrick & Struggles View original content: Sign in to access your portfolio
