Huron Q1 revenue up 22% to $317.9M; adjusted EPS rises 78% to $0.87

Huron Consulting Group Inc.

2023-Q1 EPS reported $0.68 revenue$326,385,000

Total revenues increased 22.2% to $317.9M from $260.0M in Q1 2022, led by 28.5% Digital capability growth.
Net income of $13.4M ($0.68 diluted EPS) vs $26.9M ($1.27) in Q1 2022 which included a $19.8M non-recurring unrealized gain.
Adjusted EBITDA rose 33.4% to $29.5M; adjusted diluted EPS grew 77.6% to $0.87 from $0.49.
Repurchased 0.6M shares for $44.3M in Q1 2023; full-year 2023 revenue guidance affirmed at $1.22B-$1.28B.
Introduced ESG report and amended credit facility to include ESG-related measures.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Huron Consulting Group Inc. reported the three months ended March 31, 2023 results: revenue $317.9 million, net income $13.4 million, EPS $0.68. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $317.9 million
Net income: $13.4 million
EPS: $0.68
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Huron Announces First Quarter 2023 Financial Results and Affirms 2023 Guidance FIRST QUARTER 2023 FINANCIAL HIGHLIGHTS • Total revenues increased $57.8 million, or 22.2%, to $317.9 million in Q1 2023 from $260.0 million in Q1 2022. • Revenues within the Digital capability increased 28.5% to $140.7 million in Q1 2023, compared to $109.5 million in Q1 2022. • Net

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Source: SEC EDGAR

accession 0001289848-23-000048

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