8-K
filed July 27, 2023, 7:59 PM ET
ticker HURN
CIK 0001289848
earnings
confidence high
sentiment positive
materiality 0.80
Huron Q2 revenue up 27% to $346.8M, net income +78%, raises FY guidance
Huron Consulting Group Inc.
2023-Q2 EPS reported
$1.95
revenue$681,284,000
- Record Q2 revenues $346.8M (+26.9% YoY); net income $24.7M (+78.1%).
- Diluted EPS $1.27 (up 92.4%); adjusted diluted EPS $1.38 (up 66.3%).
- Adjusted EBITDA $48.5M (+46%); YTD margin improved 130 bps to 11.7%.
- Digital capability revenues +23.5% to $290.2M in first six months.
- FY 2023 revenue guidance raised to $1.30-1.34B; returned $59.6M via buybacks YTD.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Huron Consulting Group Inc. reported Six months ended June 30, 2023 results: revenue $664.7 million, net income $38.1 million, EPS $1.95.
- Period
- Six months ended June 30, 2023
- Revenue
- $664.7 million
- Net income
- $38.1 million
- EPS
- $1.95
- Result
- reported results
Exact text from the filing
• Total revenues increased $131.3 million, or 24.6%, to $664.7 million for the first six months of 2023 from $533.4 million for the same prior year period. • Revenues within the Digital capability increased 23.5% to $290.2 million for the first six months of 2023, compared to $234.9 million for the same prior year period. • Net income was $38.1 million for the first six months of 2023, compared to $40.7 million for the same prior year period. Results for the first six months of 2022 included a non-recurring, unrealized gain of $19.8 million, net of tax, related to the company's investment in a hospital-at-home company. • Adjusted EBITDA (6) , a non-GAAP measure, increased $22.7 million, or 40.9%, to $78.0 million for the first six months of 2023 from $55.3 million for the same prior year period. • Adjusted EBITDA as a percentage of revenues (6) , a non-GAAP measure, increased 130 basis points to 11.7% for the first six months of 2023 from 10.4% for the same prior year period. • Diluted
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Huron Consulting Group Inc. reported Three months ended June 30, 2023 results: revenue $346.8 million, net income $24.7 million, EPS $1.27.
- Period
- Three months ended June 30, 2023
- Revenue
- $346.8 million
- Net income
- $24.7 million
- EPS
- $1.27
- Result
- reported results
Exact text from the filing
Revenues increased $73.4 million, or 26.9%, to $346.8 million for the second quarter of 2023, compared to $273.3 million for the second quarter of 2022. This revenue growth was highlighted by 33.4% growth in the Consulting and Managed Services capability and 19.2% growth in the Digital capability in the aggregate across all industries during the second quarter of 2023, compared to the same prior year period; and reflects the company's focus on accelerating growth in the healthcare and education industries and growing its presence in commercial industries. Net income increased $10.8 million, or 78.1%, to $24.7 million for the second quarter of 2023, compared to $13.9 million for the same quarter last year. Diluted earnings per share increased $0.61, or 92.4%, to $1.27 for the second quarter of 2023, compared to $0.66 for the second quarter of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Huron Consulting Group Inc. reported Full year 2023 results: revenue $1.30 billion to $1.34 billion. Guidance raised.
- Period
- Full year 2023
- Revenue
- $1.30 billion to $1.34 billion
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
2023 GUIDANCE • Huron increases its previous full year 2023 revenue and earnings guidance ranges, including revenue expectations in a range of $1.30 billion to $1.34 billion.
View on SEC.gov
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