Huron Consulting Group ( (HURN) ) has realeased its Q3 earnings. Here is a breakdown of the information Huron Consulting Group presented to its investors.
Huron Consulting Group is a global professional services firm that specializes in creating strategies, optimizing operations, and accelerating digital transformation for healthcare, education, and commercial sectors.
In its third-quarter 2024 financial report, Huron Consulting Group reported increases in revenue and net income, along with a boost in earnings per share. The company also revised its earnings guidance for the year, reflecting strong performance across its operating segments.
Key financial highlights include a 3.3% increase in revenues to $370 million and a 26.2% rise in net income to $27.1 million compared to the previous year. The firm also saw a notable increase in adjusted EBITDA by 14.3% to $54.9 million. Year-to-date results indicate a 7.3% increase in revenues to $1.1 billion, driven by strong demand in healthcare and education sectors. Additionally, Huron returned $104 million to shareholders through stock repurchases.
Looking ahead, Huron maintains a positive outlook with revised revenue expectations between $1.47 billion and $1.49 billion for 2024 and increased adjusted diluted earnings per share guidance to a range of $6.00 to $6.20. The firm remains focused on its margin enhancement initiatives to support continued growth.
