•
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
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