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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
Revenue by Segment
Revenue by Geographic Location
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
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
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