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Mar 31, 2024
Heidrick & Struggles Q1 2024 Earnings Report
Achieved double-digit top line growth and maintained solid margin performance.
Key Takeaways
Heidrick & Struggles reported Q1 2024 results with a revenue of $265.2 million, an 11% year-over-year increase. The company's diluted EPS was $0.67. Adjusted EBITDA was $25.9 million with a margin of 9.8%.
Net revenue increased 11% year over year to $265.2 million.
Adjusted EBITDA reached $25.9 million.
Adjusted EBITDA margin was 9.8%.
Net income was $14.0 million, with diluted earnings per share at $0.67.
Heidrick & Struggles
Heidrick & Struggles
Heidrick & Struggles Revenue by Segment
Heidrick & Struggles Revenue by Geographic Location
Forward Guidance
The Company expects 2024 second quarter consolidated net revenue of between $255 million and $275 million.
Challenges Ahead
- Continued fluidity in external factors, such as the foreign exchange and interest rate environments, may impact quarterly results.
- Foreign conflicts may impact quarterly results.
- Inflation may impact quarterly results.
- Macroeconomic constraints on pricing actions may impact quarterly results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income