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Dec 31, 2019
Huron Q4 2019 Earnings Report
Huron's revenue and net income increased, driven by growth across all operating segments.
Key Takeaways
Huron announced strong Q4 2019 financial results, with revenues increasing by 13.1% to $232.3 million and net income increasing significantly to $14.4 million. The company's performance was driven by strong growth across all three operating segments.
Revenues increased by 13.1% to $232.3 million compared to Q4 2018.
Net income increased to $14.4 million, up from $3.1 million in Q4 2018.
Adjusted EBITDA increased by 5.4% to $29.4 million.
Diluted earnings per share increased to $0.63, compared to $0.14 in Q4 2018.
Revenue by Segment
Forward Guidance
Huron provided full year 2020 guidance, including revenue expectations in a range of $900.0 million to $940.0 million. The company anticipates adjusted EBITDA as a percentage of revenues in a range of 12.0% to 12.8% and non-GAAP adjusted diluted earnings per share to increase 1% to 12% over 2019.
Positive Outlook
- Revenue expectations in a range of $900.0 million to $940.0 million.
- Adjusted EBITDA as a percentage of revenues in a range of 12.0% to 12.8%.
- Non-GAAP adjusted diluted earnings per share to increase 1% to 12% over 2019.
- Strong growth across all three operating segments
- Unique portfolio of capabilities to help clients accelerate operational, digital and cultural transformation
Challenges Ahead
- Failure to achieve expected utilization rates
- Failure to maintain third-party provider relationships and strategic alliances
- Inability to license technology to and from third parties
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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