Business
Huron Announces Second Quarter 2022 Financial Results and Updates 2022 Guidance
SECOND QUARTER 2022 HIGHLIGHTS Revenues increased $43.2 million, or 18.8%, to $273.3 million in Q2 2022 from $230.1 million in Q2 2021. Net income increased
About this update from Huron Consulting Group Inc.
[{"type":"text","content":"\nSECOND QUARTER 2022 HIGHLIGHTS\n\n\nRevenues increased $43.2 million, or 18.8%, to $273.3 million in Q2 2022 from $230.1 million in Q2 2021.\n\n\n\nNet income increased $1.1 million, or 8.4%, to $13.9 million in Q2 2022 from $12.8 million in Q2 2021.\n\n\n\nAdjusted EBITDA(7), a non-GAAP measure, increased $7.6 million, or 29.6%, to $33.2 million in Q2 2022 from $25.6 million in Q2 2021.\n\n\n\nDiluted earnings per share increased $0.07, or 11.9%, to $0.66 in Q2 2022 from $0.59 in Q2 2021.\n\n\n\nAdjusted diluted earnings per share(7), a non-GAAP measure, increased $0.14, or 20.3%, to $0.83 in Q2 2022 from $0.69 in Q2 2021.\n\n\n\nHuron repurchased 0.5 million shares of the company’s common stock for $28.3 million in Q2 2022.\n\n\nYEAR-TO-DATE 2022 HIGHLIGHTS AND 2022 GUIDANCE\n\n\nRevenues increased $100.0 million, or 23.1%, to $533.4 million for the first six months of 2022 from $433.3 million for the same prior year period.\n\n\n\nNet income increased $22.5 million to $40.7 million for the first six months of 2022 from $18.2 million for the same prior year period. Results for the first six months of 2022 include an unrealized gain of $19.8 million, net of tax, on the company's investment in a hospital-at-home company recognized in Q1 2022.\n\n\n\nAdjusted EBITDA(7), a non-GAAP measure, increased $13.3 million, or 31.5%, to $55.3 million for the first six months of 2022 from $42.1 million for the same prior year period.\n\n\n\nDiluted earnings per share increased $1.12 to $1.94 for the first six months of 2022 from $0.82 for the same prior year period.\n\n\n\nAdjusted diluted earnings per share(7), a non-GAAP measure, increased $0.29, or 28.2%, to $1.32 for the first six months of 2022 from $1.03 for the same prior year period.\n\n\n\nHuron repurchased 1.0 million shares of the company’s common stock for $52.2 million in the first six months of 2022.\n\n\n\nHuron updates its previous earnings guidance range for full year 2022, including increasing and narrowing revenue expectations to a range of $1.04 billion to $1.08 billion.\n\n\n CHICAGO--(BUSINESS WIRE)--\nGlobal professional services firm Huron (NASDAQ: HURN) today announced financial results for the second quarter ended June 30, 2022.\n\n“Strong demand across all three operating segments enabled us to achieve 19% revenue growth over the prior year quarter. Our Digital ...