Huron Consulting Group Inc

Latest Results (13.06.2024):

Revenue Growth

In the first quarter of 2024, Huron Consulting Group Inc. reported a significant increase in revenue, amounting to $356.0 million, which represents a 12.0% rise from $317.9 million in the first quarter of 2023. This growth was primarily driven by robust demand in the Healthcare and Education segments, highlighting the company's successful expansion in these key areas.

Net Income and Earnings Per Share

Huron Consulting Group Inc. experienced a notable increase in net income, which rose by 34.2% to $18.0 million in Q1 2024 from $13.4 million in Q1 2023. Correspondingly, diluted earnings per share increased by 39.7%, reaching $0.95 in Q1 2024 compared to $0.68 in the same quarter the previous year, reflecting stronger profitability and operational efficiency.

Adjusted EBITDA

The company's adjusted EBITDA, a key non-GAAP financial measure, saw an increase of 14.6%, totaling $33.8 million in Q1 2024, up from $29.5 million in Q1 2023. This improvement, representing 9.5% of revenues, underscores Huron Consulting Group Inc.'s enhanced operational effectiveness and commitment to maintaining a healthy margin.

Shareholder Returns

During the first quarter of 2024, Huron Consulting Group Inc. demonstrated its commitment to returning value to shareholders by repurchasing 624,698 shares of its common stock. This buyback, valued at $62.3 million, represented 3.4% of the company's outstanding common stock as of December 31, 2023, signaling strong confidence in the company's future prospects.

2024 Financial Outlook

Huron Consulting Group Inc. has updated its financial guidance for 2024, projecting full-year revenues in the range of $1.46 billion to $1.54 billion. The company also raised its forecast for adjusted diluted earnings per share to between $5.60 and $6.10, reflecting an optimistic outlook based on current business momentum and market conditions.