Business
Huron Announces First Quarter 2022 Financial Results and Updates 2022 Guidance
FIRST QUARTER 2022 HIGHLIGHTS AND GUIDANCE Revenues increased $56.8 million, or 28.0%, to $260.0 million in Q1 2022 from $203.2 million in Q1 2021. Net
About this update from Huron Consulting Group Inc.
[{"type":"text","content":"\nFIRST QUARTER 2022 HIGHLIGHTS AND GUIDANCE\n\n\nRevenues increased $56.8 million, or 28.0%, to $260.0 million in Q1 2022 from $203.2 million in Q1 2021.\n\n\n\nNet income increased $21.4 million to $26.9 million in Q1 2022 from $5.4 million in Q1 2021. Results for Q1 2022 include an unrealized gain of $19.8 million, net of tax, on the company's investment in a hospital-at-home company.\n\n\n\nAdjusted EBITDA(7), a non-GAAP measure, increased $5.7 million, or 34.4%, to $22.1 million in Q1 2022 from $16.5 million in Q1 2021.\n\n\n\nDiluted earnings per share increased $1.03 to $1.27 in Q1 2022 from $0.24 in Q1 2021.\n\n\n\nAdjusted diluted earnings per share(7), a non-GAAP measure that excludes the unrealized gain on the company's investment in a hospital-at-home company, increased $0.14, or 40.0%, to $0.49 in Q1 2022 from $0.35 in Q1 2021.\n\n\n\nHuron updates its previous earnings guidance range for full year 2022, including revenue expectations in a range of $1.00 billion to $1.05 billion.\n\n\n CHICAGO--(BUSINESS WIRE)--\nGlobal professional services firm Huron (NASDAQ: HURN) today announced financial results for the first quarter ended March 31, 2022.\n\n“Our strong first quarter results reflect the continued momentum that started in early 2021 and resulted in growth in all three of our operating segments,” said James H. Roth, chief executive officer of Huron. “Revenues grew 28% over the prior year quarter, reflective of the significant growth opportunities in each of our core industries.”\n\n“Demand for our healthcare and education industry offerings and our digital, strategy and financial advisory capabilities remains strong, enabling us to increase our annual revenue and earnings guidance. Market conditions remain favorable for our core offerings, and we believe that we will continue to achieve strong results consistent with the outlook we described in our recent Investor Day presentation,” added Roth.\n\nFIRST QUARTER 2022 RESULTS\n\nRevenues increased $56.8 million, or 28.0%, to $260.0 million for the first quarter of 2022, compared to $203.2 million for the first quarter of 2021.\n\nNet income increased $21.4 million to $26.9 million for the first quarter of 2022, compared to $5.4 million for the same quarter last year. Diluted earnings per share increased $1.03 to $1.27 for the first quarter of 2022, compared to $0.2...