Huron posts record FY2023 revenue $1.36B, adj. EPS $4.91; guides 2024 rev $1.46-1.54B; secures $275M loan

Huron Consulting Group Inc.

2023-FY EPS reported $3.19 revenue$1,398,755,000

Q4 2023 revenue $339.2M (+8.1% YoY); full-year revenue $1.36B (+20.3% YoY), a record.
GAAP net income Q4 $2.8M (EPS $0.15) vs $17.1M; includes $19.4M non-cash unrealized loss on investment.
Adjusted diluted EPS Q4 $1.29 (+15.2% YoY); full-year adjusted EPS $4.91 (+43.1%).
2024 revenue guidance: $1.46B-$1.54B (implies ~10-13% growth).
Entered $275M term loan to reduce revolver borrowings; increased total borrowing capacity to $1.13B.

item 1.01 item 2.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Huron Consulting Group Inc. reported FY 2024 results: revenue $1.46 billion to $1.54 billion. Guidance initiated.

Period: FY 2024
Revenue: $1.46 billion to $1.54 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

Huron provides full year 2024 guidance, including revenue expectations in a range of $1.46 billion to $1.54 billion.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Huron Consulting Group Inc. amended Second Amendment to Third Amended and Restated Credit Agreement with Lenders party thereto and Bank of America, N.A. as administrative agent valued at $275 million (effective 2024-02-26).

Action: amendment
Agreement: credit facility
Counterparty: Lenders party thereto and Bank of America, N.A. as administrative agent
Value: $275 million
Effective: 2024-02-26

Exact text from the filing

On February 26, 2024, Huron Consulting Group Inc. (the "Company" or "Huron") entered into Amendment No.2 (the "Second Amendment") to the Third Amended and Restated Credit Agreement dated as of November 15, 2022 (as amended, the "Amended Credit Agreement"), by and among the Company, as borrower, the Lenders party thereto, and Bank of America, N.A., as administrative agent and collateral agent. The Second Amendment established a $275 million term loan facility (the "Term Loan") under the Amended Credit Agreement, which was funded in a single advance on the date of the Second Amendment.

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Huron Consulting Group Inc. filing history →

Source: SEC EDGAR

accession 0001289848-24-000034

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