Loading...
•
Dec 31, 2023
Heidrick & Struggles Q4 2023 Earnings Report
Reported solid growth in revenue and adjusted EBITDA, driven by diversified solutions.
Key Takeaways
Heidrick & Struggles reported a 7% increase in net revenue to $253.2 million and a 38% increase in adjusted EBITDA to $35.8 million for the fourth quarter of 2023. The adjusted EBITDA margin improved to 14.1%.
Net revenue increased by 7% year over year, reaching $253.2 million.
Adjusted EBITDA increased by 38% year over year, amounting to $35.8 million.
Adjusted EBITDA margin improved by 310 bps year over year, reaching 14.1%.
Diversified Solutions grew 44% during 2023 and represented 27% of fourth quarter revenue.
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 first quarter consolidated net revenue of between $245 million and $265 million.
Challenges Ahead
- 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