Business
Huron Announces First Quarter 2024 Financial Results and Updates 2024 Guidance
FIRST QUARTER 2024 FINANCIAL HIGHLIGHTS Total revenues increased $38.1 million, or 12.0%, to $356.0 million in Q1 2024 from $317.9 million in Q1 2023. Net
About this update from Huron Consulting Group Inc.
[{"type":"text","content":"\nFIRST QUARTER 2024 FINANCIAL HIGHLIGHTS\n\n\n\nTotal revenues increased $38.1 million, or 12.0%, to $356.0 million in Q1 2024 from $317.9 million in Q1 2023.\n\n\n\n\nNet income increased $4.6 million, or 34.2%, to $18.0 million in Q1 2024, compared to $13.4 million in Q1 2023.\n\n\n\n\nAdjusted EBITDA(8), a non-GAAP measure, increased $4.3 million, or 14.6%, to $33.8 million in Q1 2024 from $29.5 million in Q1 2023.\n\n\n\n\nDiluted earnings per share increased $0.27, or 39.7%, to $0.95 in Q1 2024, compared to $0.68 in Q1 2023.\n\n\n\n\nAdjusted diluted earnings per share(8), a non-GAAP measure, increased $0.36, or 41.4%, to $1.23 in Q1 2024 from $0.87 in Q1 2023.\n\n\n\n\nHuron returned $62.3 million to shareholders by repurchasing 0.6 million shares of the company's common stock in Q1 2024, representing 3.4% of the company's common stock outstanding as of December 31, 2023.\n\n\n\n\nHuron affirms its previous revenue and adjusted EBITDA as a percentage of revenues(8) expectations for full year 2024, and increases its adjusted diluted earnings per share(8) expectation to a range of $5.60 to $6.10.\n\n\n\nOTHER HIGHLIGHTS\n\n\n\nOn March 1, 2024, Huron closed its acquisition of GG+A, strengthening its ability to advise on the building and acceleration of philanthropic programs to support clients' missions.\n\n\n\n\nHuron posted its 2024 Investor Presentation, which provides insight into the company and its commitments to achieving its strategic and financial objectives. \n\n\n\n CHICAGO--(BUSINESS WIRE)--\nGlobal professional services firm Huron (NASDAQ: HURN) today announced financial results for the quarter ended March 31, 2024.\n\n\n“Our first quarter results reflect our ongoing focus on achieving accelerated revenue growth and consistent margin expansion. Revenues grew 12% over the first quarter of 2023 driven by strong growth in our Healthcare segment as well as continued growth in our Education segment, which furthers the segment's multi-year growth trajectory,” said Mark Hussey, chief executive officer and president of Huron.\n\n\n“Our unique and talented team has established Huron as one of the leading trusted advisors to our clients by delivering with the highest quality and driving innovation to meet our clients' evolving needs. Our culture of collaboration and deep dedication to our clients coupled with our aligned...