Loading...
•
Mar 31, 2023
Heidrick & Struggles Q1 2023 Earnings Report
Reported first quarter results, completed acquisitions of Atreus and businessfourzero, and maintained strong profitability despite macroeconomic headwinds.
Key Takeaways
Heidrick & Struggles reported a decrease in first quarter revenue compared to the previous year, but maintained strong profitability with an Adjusted EBITDA margin of nearly 12%. The company continued to advance its diversification strategy with the acquisition of businessfourzero and the ongoing integration of Atreus.
Net revenue of $239.3 million; on a constant currency basis net revenue was $244.8 million
Operating income of $17.8 million and operating margin of 7.4%
Adjusted EBITDA of $27.5 million with Adjusted EBITDA margin of 11.5%
Net income of $15.6 million and diluted earnings per share of $0.76
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects 2023 second quarter consolidated net revenue of between $260 million and $280 million, while acknowledging that continued fluidity in external factors, such as the foreign exchange and interest rate environments, foreign conflicts, inflation and macroeconomic constraints on pricing actions, may impact quarterly results.
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...