Huron provides medium-term financial goals at investor day

Huron (HURN) will host an investor day to outline its refreshed growth strategy and financial goals through 2029. Huron provided detail on its capital allocation strategy, which balances growth, flexibility, and return of capital to shareholders. In addition, the company is introducing financial goals through 2029 for the following: low double-digit annual revenues before reimbursable expenses growth, primarily driven by mid-upper single digit organic growth; adjusted EBITDA margin expanded to 15%-17% by 2029; annual conversion of 75% of annual adjusted EBITDA to free cash flow and balanced deployment of capital between strategic, tuck-in M&A and share repurchases and double adjusted diluted EPS by 2029. “Since our last investor day in 2022, the disciplined execution of our growth strategy has resulted in strong financial performance and created significant value for our shareholders. Our success is driven by our exceptionally talented team and the strategic investments we have made, which advance our leading market position as a trusted business partner to many of the world’s leading organizations and institutions,” said Mark Hussey, chief executive officer and president of Huron. “With our market-tested strategy, strong competitive advantage, and collaborative culture, we believe we are well-positioned for sustained growth and margin expansion in the medium term, which further enables additional value creation opportunities for our shareholders.”