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Stock impact report

HireQuest Reports Third Quarter Financial Results

HireQuest, Inc. (HQI) 
Company Research Source: Business Wire
GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national provider of back-office and operational support for franchised operators of on-demand and temporary staffing service providers across the United States, today reported financial results for the third quarter ended September 29, 2019.“Operationally, the third quarter was a milestone period for us, as we completed the merger between Command Center and Hire Quest, converted 100% of our corporate-owned branches to franchises and completed the sale of our California locations,” commented Rick Hermanns, HireQuest’s President and Chief Executive Officer. “As expected, we incurred approximately $4.8 million in expenses related to the merger, restructuring, rebranding, and related efforts. We anticipate more charges in the fourth quarter 2019 and the first quarter 2020 related to the merger and integration efforts, however, the charges will be significantly lower than those experienced in the third quarter. We re Show less Read more
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