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Jun 30, 2020
Huron Q2 2020 Earnings Report
Huron's Q2 2020 financial results were announced with revenues declining slightly but net income increasing.
Key Takeaways
Huron announced its Q2 2020 financial results, reporting a slight decrease in revenues compared to the previous year, but an increase in net income. The company's Healthcare business experienced weakness, while the Business Advisory and Education segments showed solid growth. Huron provided full-year 2020 revenue guidance between $820 million to $860 million.
Revenues were $217.9 million in Q2 2020, a slight decrease from $220.8 million in Q2 2019.
Net income from continuing operations increased to $13.6 million in Q2 2020, up from $10.6 million in Q2 2019.
Adjusted EBITDA was $27.5 million in Q2 2020, compared to $29.2 million in Q2 2019.
Diluted earnings per share from continuing operations increased to $0.61 in Q2 2020 from $0.47 in Q2 2019.
Revenue by Segment
Forward Guidance
Huron provided full year 2020 revenue guidance between $820 million to $860 million. The company anticipates adjusted EBITDA as a percentage of revenues in a range of 9% to 10% and non-GAAP adjusted diluted earnings per share in a range of $1.50 to $1.80.
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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