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Mar 31, 2024
Huron Q1 2024 Earnings Report
Huron's Q1 2024 performance reflected accelerated revenue growth and consistent margin expansion.
Key Takeaways
Huron announced strong Q1 2024 results with a 12% increase in total revenues to $356.0 million, driven by growth in the Healthcare and Education segments. Net income increased by 34.2% to $18.0 million, and adjusted diluted earnings per share increased by 41.4% to $1.23. The company also returned $62.3 million to shareholders through share repurchases.
Total revenues increased by 12.0% to $356.0 million compared to Q1 2023.
Net income rose by 34.2% to $18.0 million year-over-year.
Adjusted EBITDA increased by 14.6% to $33.8 million compared to the same quarter last year.
Diluted earnings per share increased by 39.7% to $0.95.
Revenue by Segment
Forward Guidance
Huron is affirming its full year 2024 revenue guidance of $1.46 billion to $1.54 billion and adjusted EBITDA as a percentage of revenues in the range of 12.8% to 13.3%. The company is increasing its guidance for full year 2024 adjusted diluted earnings per share to a range of $5.60 to $6.10.
Positive Outlook
- Revenue guidance affirmed at $1.46B to $1.54B.
- Adjusted EBITDA as a percentage of revenues affirmed at 12.8% to 13.3%.
- Adjusted diluted earnings per share guidance increased to $5.60 to $6.10.
- Revenue growth driven by Healthcare and Education segments.
- Focus on margin expansion.
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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