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Jun 30, 2023
Huron Q2 2023 Earnings Report
Huron announced record second quarter 2023 financial results and increased 2023 guidance.
Key Takeaways
Huron reported a strong second quarter in 2023, with revenues increasing by 26.9% to $346.8 million and net income increasing by 78.1% to $24.7 million. The company's performance was driven by growth in its Consulting and Managed Services and Digital capabilities. Huron also increased its full year 2023 revenue and earnings guidance.
Total revenues increased 26.9% to $346.8 million in Q2 2023.
Net income increased 78.1% to $24.7 million in Q2 2023.
Adjusted EBITDA increased 46.0% to $48.5 million in Q2 2023.
Diluted earnings per share increased 92.4% to $1.27 in Q2 2023.
Revenue by Segment
Forward Guidance
Huron increased guidance for full year 2023 revenues before reimbursable expenses to a range of $1.30 billion to $1.34 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 $4.35 to $4.65.
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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