Heidrick & Struggles (HSII) Reports In-Line Q4 EPS, Offers Outlook
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Heidrick & Struggles Reports Fourth Quarter and 2019 Financial Results
February 24, 2020 4:05 PM ESTCHICAGO, Feb. 24, 2020 /PRNewswire/ --Â Heidrick & Struggles International, Inc. (Nasdaq: HSII), today announced financial results for its fourth quarter and fiscal year ended December 31, 2019.
Highlights:
Operating margin in 2019 was 9.0% and adjusted operating margin of 9.6%, in-line with 2018 General and administrative expense as a percent of net revenue in 2019 was 19.4%, the lowest in 12 years and down from 19.7% in 2018 2019 average revenue per executive search of $132,000, a record high, up 4% from prior year Fourth quarter net revenue of $180.0 million, at the high end of guidance Heidrick... More