Consistent Profitability
HireQuest reported net income of $2.3 million or $0.16 per share, maintaining profitability despite market uncertainties. The company's franchise model has enabled it to remain profitable across all economic cycles.
Strong Sequential Growth
Sequentially, system-wide sales increased by about 6.1% over Q2, compared to only a 1.7% increase last year, showing favorable sequential growth.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA margin rose to 55% from 52% last year, indicating efficient expense management.
Dividend Consistency
HireQuest paid a regular quarterly dividend of $0.06 per common share, maintaining a consistent dividend payout since the third quarter of 2020.