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Jun 30, 2024
Heidrick & Struggles Q2 2024 Earnings Report
Delivered strong revenue performance with robust profitability. Restructuring for accelerated growth implemented in the quarter.
Key Takeaways
Heidrick & Struggles reported a strong second quarter with net revenue growing to $278.6 million, driven by all businesses. Adjusted EBITDA was $28.8 million with a margin of 10.3%. The company also implemented restructuring for accelerated growth during the quarter.
Net revenue grew to $278.6 million driven by all businesses
Adjusted EBITDA was $28.8 million
Adjusted EBITDA margin was 10.3%
Declared $0.15 Per Share Cash Dividend
Heidrick & Struggles
Heidrick & Struggles
Heidrick & Struggles Revenue by Segment
Heidrick & Struggles Revenue by Geographic Location
Revenue by Segment
Executive Search Revenue
CapyFin.comOn-Demand Talent Revenue
CapyFin.comHeidrick Consulting Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The Company expects 2024 third quarter consolidated net revenue of between $260 million and $280 million, while acknowledging that continued fluidity in external factors may impact quarterly results.
Positive Outlook
- Based on the average currency rates in June 2024
- Reflects management's assumptions for the anticipated volume of new Executive Search confirmations
- Reflects management's assumptions for the anticipated volume of new On-Demand Talent projects
- Reflects management's assumptions for the anticipated volume of Heidrick Consulting assignments
- Reflects management's assumptions for consultant productivity and retention
Challenges Ahead
- Continued fluidity in external factors
- Foreign exchange and interest rate environments
- Foreign conflicts
- Inflation
- Macroeconomic constraints on pricing actions
Revenue & Expenses
Visualization of income flow from segment revenue to net income