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Mar 31, 2020
Huron Q1 2020 Earnings Report
Huron's financial results for Q1 2020 were announced, showing revenue growth but a net loss due to goodwill impairment charges, and full-year guidance was withdrawn due to COVID-19 uncertainties.
Key Takeaways
Huron's Q1 2020 revenues increased by 8.9% to $222.6 million, driven by organic growth across all operating segments. However, the company reported a net loss of $42.3 million due to non-cash goodwill impairment charges of $59.8 million. Adjusted EBITDA increased by 5.6% to $19.0 million. Due to COVID-19 uncertainties, Huron withdrew its full-year 2020 guidance.
Revenues increased by 8.9% to $222.6 million compared to Q1 2019.
Net loss from continuing operations was $42.3 million, including $59.8 million in goodwill impairment charges.
Adjusted EBITDA increased by 5.6% to $19.0 million.
Huron withdrew its full-year 2020 guidance due to COVID-19 uncertainties.
Revenue by Segment
Forward Guidance
Due to uncertainties regarding the duration and impact of the COVID-19 pandemic, Huron is withdrawing its previously announced full year 2020 guidance.
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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