Business
Huron Announces Third Quarter 2021 Financial Results and Updates 2021 Guidance
THIRD QUARTER 2021 HIGHLIGHTS Revenues increased $18.7 million, or 9.1%, to $224.0 million in Q3 2021 from $205.3 million in Q3 2020. Net income from
About this update from Huron Consulting Group Inc.
[{"type":"text","content":"\nTHIRD QUARTER 2021 HIGHLIGHTS\n\n\nRevenues increased $18.7 million, or 9.1%, to $224.0 million in Q3 2021 from $205.3 million in Q3 2020.\n\n\nNet income from continuing operations increased $2.6 million, or 23.8%, to $13.7 million in Q3 2021 from $11.1 million in Q3 2020.\n\n\nAdjusted EBITDA(8), a non-GAAP measure, increased $2.8 million, or 12.0% to $26.4 million in Q3 2021 from $23.6 million in Q3 2020.\n\n\nDiluted earnings per share from continuing operations increased $0.14, or 28.0%, to $0.64 in Q3 2021 from $0.50 in Q3 2020.\n\n\nAdjusted diluted earnings per share from continuing operations(8), a non-GAAP measure, increased $0.19, or 32.2%, to $0.78 in Q3 2021 from $0.59 in Q3 2020.\n\n\nYEAR-TO-DATE 2021 HIGHLIGHTS AND 2021 GUIDANCE\n\n\nRevenues increased $11.6 million, or 1.8%, to $657.3 million for the first nine months of 2021 compared to $645.8 million for the same prior year period.\n\n\nNet income from continuing operations was $31.9 million for the first nine months of 2021 compared to a net loss from continuing operations of $17.6 million for the same prior year period, which includes non-cash pretax goodwill impairment charges of $59.8 million incurred in Q1 2020 related to the company's Strategy and Innovation and Life Sciences reporting units within the Business Advisory segment.\n\n\nAdjusted EBITDA(8), a non-GAAP measure, was $68.5 million for the first nine months of 2021 compared to $70.1 million for the same prior year period.\n\n\nDiluted earnings per share from continuing operations was $1.46 for the first nine months of 2021 compared to diluted loss per share from continuing operations of $0.81 for the same prior year period.\n\n\nAdjusted diluted earnings per share from continuing operations(8), a non-GAAP measure, increased $0.11, or 6.5%, to $1.81 for the first nine months of 2021 from $1.70 for the same prior year period.\n\n\nHuron updates full year 2021 guidance, including narrowing revenue expectations to a range of $885.0 million to $905.0 million.\n\n\n CHICAGO--(BUSINESS WIRE)--\nGlobal professional services firm Huron (NASDAQ: HURN) today announced financial results from continuing operations for the third quarter ended September 30, 2021.\n\n“I am pleased to report third quarter revenues grew 9% over last year, driven by growth across all three of our operating segments,” said James ...