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Sep 30, 2024
Heidrick & Struggles Q3 2024 Earnings Report
Heidrick & Struggles reported solid Q3 2024 results with revenue up 6% year-over-year, driven by growth across all business segments and strong profitability.
Key Takeaways
Heidrick & Struggles reported a 5.9% increase in net revenue to $278.6 million in Q3 2024, with growth in On-Demand Talent, Heidrick Consulting, and Executive Search. Adjusted EBITDA was $30.4 million with a margin of 10.9%. Diluted EPS was $0.71.
Net revenue increased by 5.9% year-over-year to $278.6 million.
Adjusted EBITDA reached $30.4 million with a margin of 10.9%.
Executive Search revenue increased by 2.8%, with growth in the Americas and Asia Pacific.
The company declared a cash dividend of $0.15 per share.
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 fourth 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
- Foreign conflicts
- Inflation
- Macroeconomic constraints on pricing actions
- Seasonality of the business
Revenue & Expenses
Visualization of income flow from segment revenue to net income