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Dec 31, 2024
Heidrick & Struggles Q4 2024 Earnings Report
Heidrick & Struggles reported strong Q4 2024 financial results with 9% revenue growth.
Key Takeaways
Heidrick & Struggles delivered a solid fourth quarter, reporting net revenue of $276.2 million, reflecting a 9% year-over-year growth. Adjusted net income increased by 54% to $22.9 million, with adjusted diluted EPS of $1.08. The company saw growth across all business segments, with Executive Search leading at a 10.1% increase. Adjusted EBITDA was $26.1 million, with a margin of 9.5%.
Q4 revenue increased by 9% year-over-year to $276.2 million.
Adjusted net income grew 54% to $22.9 million, with adjusted EPS of $1.08.
Executive Search revenue rose 10.1% to $202.5 million.
Adjusted EBITDA margin was 9.5%, reflecting solid profitability.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Heidrick & Struggles expects Q1 2025 revenue to range between $263 million and $273 million, with continued growth in Executive Search and Consulting services.
Positive Outlook
- Projected Q1 2025 revenue between $263 million and $273 million.
- Continued demand for leadership advisory and talent solutions.
- Focus on consultant retention and productivity improvements.
- Enhancing AI-driven consulting capabilities for long-term growth.
- Expected strong cash flow generation and dividend continuity.
Challenges Ahead
- Macroeconomic volatility may impact client hiring decisions.
- Geopolitical risks could influence demand in international markets.
- Competitive pressures in the talent consulting industry remain high.
- Potential currency fluctuations may impact revenue performance.
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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