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Sep 30, 2021
Heidrick & Struggles Q3 2021 Earnings Report
Delivered third consecutive quarter of record results.
Key Takeaways
Heidrick & Struggles' Q3 2021 net revenue reached a record $264 million, climbing 84% year-over-year, with net income growing to $24 million and diluted EPS reaching $1.21. The company's outlook guides to record Q4 levels.
Record net revenue (revenue before reimbursements) of $263.8 million increased 83.8% from the 2020 third quarter.
Record operating income was $33.3 million, and operating income margin expanded to 12.6% in the quarter.
Adjusted EBITDA of $36.1 million more than doubled from $15.9 million in the 2020 third quarter, and adjusted EBITDA margin increased 265 basis points to 13.7%.
Net income and diluted earnings per share grew to $24.5 million and $1.21, respectively.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects 2021 fourth quarter consolidated net revenue of between $255 million and $265 million, while acknowledging that the continued fluidity of the COVID-19 pandemic 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
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