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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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