Loading...
•
Mar 31, 2020
Heidrick & Struggles Q1 2020 Earnings Report
First quarter results were announced, with net revenue in-line with the prior year and operating income increasing.
Key Takeaways
Heidrick & Struggles reported first quarter results with net revenue of $171.5 million, consistent with the prior year. Operating income increased by 10.7% to $18.2 million, and adjusted EBITDA grew by 14.6% to $23.6 million. The company ended the quarter with $322 million in liquidity.
Net revenue of $171.5 million was in-line with record year-ago results of $171.6 million.
Operating income grew 10.7% to $18.2 million compared to $16.4 million in 2019.
Adjusted EBITDA grew 14.6% over prior year period to $23.6 million.
Operating margin expanded 100 basis points to 10.6% compared to 9.6% in last year’s first quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Given the continued uncertainty due to the COVID-19 pandemic, the Company believes it is prudent to refrain from providing financial guidance for the 2020 second quarter at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...