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Mar 31, 2023
Huron Q1 2023 Earnings Report
Huron's Q1 2023 results reflected progress toward achieving medium-term financial objectives, with revenue growth driven by strong performance across all segments and the Digital capability.
Key Takeaways
Huron announced its Q1 2023 financial results, reporting a 22.2% increase in total revenues to $317.9 million compared to Q1 2022. Net income was $13.4 million, and diluted earnings per share was $0.68. The company reaffirms its full-year 2023 revenue guidance of $1.22 billion to $1.28 billion.
Total revenues increased by 22.2% to $317.9 million compared to the prior year.
Digital capability revenues increased by 28.5% to $140.7 million compared to the prior year.
Net income was $13.4 million, compared to $26.9 million in the same quarter last year, which included a non-recurring gain.
Adjusted EBITDA increased by 33.4% to $29.5 million compared to the prior year.
Revenue by Segment
Forward Guidance
Huron affirms its previous earnings guidance range for full year 2023, including revenue expectations in a range of $1.22 billion to $1.28 billion. The company also anticipates adjusted EBITDA as a percentage of revenues in a range of 12.0% to 12.5% and non-GAAP adjusted diluted earnings per share in a range of $3.75 to $4.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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