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Sep 30, 2024
Huron Q3 2024 Earnings Report
Huron's financial performance improved, driven by revenue growth and margin enhancement initiatives.
Key Takeaways
Huron announced its Q3 2024 financial results, with revenues before reimbursable expenses increasing by 3.3% to $370.0 million. Net income rose by 26.2% to $27.1 million, and diluted earnings per share increased by 33.6% to $1.47. The company also increased its 2024 earnings guidance.
Revenues before reimbursable expenses increased by 3.3% to $370.0 million compared to Q3 2023.
Net income increased by 26.2% to $27.1 million compared to Q3 2023.
Adjusted EBITDA increased by 14.3% to $54.9 million compared to Q3 2023.
Diluted earnings per share increased by 33.6% to $1.47 compared to Q3 2023.
Revenue by Segment
Forward Guidance
Huron narrowed its full year 2024 revenues before reimbursable expenses guidance to a range of $1.47 billion to $1.49 billion and increased adjusted diluted earnings per share guidance to a range of $6.00 to $6.20.
Positive Outlook
- Revenue before reimbursable expenses expected between $1.47 billion and $1.49 billion.
- Adjusted EBITDA as a percentage of revenues before reimbursable expenses expected in a range of 13.0% to 13.5%.
- Adjusted diluted earnings per share expected in a range of $6.00 to $6.20.
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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