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Heidrick & Struggles Q1 2025 Earnings Report
Heidrick & Struggles reported a 6.9% increase in net revenue and strong profitability for the first quarter of 2025, exceeding their outlook.
Key Takeaways
Heidrick & Struggles delivered strong first quarter results, with net revenue increasing by 6.9% year-over-year to $283.6 million and adjusted EBITDA reaching $29.1 million, demonstrating resilient business performance and effective client engagement.
Net revenue increased by 6.9% year-over-year to $283.6 million, surpassing the high end of the company's outlook.
Adjusted EBITDA grew to $29.1 million, with the adjusted EBITDA margin expanding to 10.3%.
All business segments, including Executive Search, On-Demand Talent, and Heidrick Consulting, contributed to the consolidated revenue growth.
The Board of Directors declared a cash dividend of $0.15 per share, reflecting confidence in the company's financial health.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the second quarter of 2025, Heidrick & Struggles expects consolidated net revenue to be between $285 million and $305 million.
Positive Outlook
- Anticipated volume of new Executive Search confirmations.
- Expected On-Demand Talent projects.
- Heidrick Consulting assignments.
- Consultant productivity.
- Consultant retention.
Challenges Ahead
- Potential impact from foreign exchange rate environments.
- Potential impact from interest rate environments.
- Potential impact from foreign conflicts.
- Potential impact from inflation.
- Potential impact from macroeconomic constraints on pricing actions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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