Heidrick & Struggles (HSII) Tops Q2 EPS by 12c

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Go back to Heidrick & Struggles (HSII) Tops Q2 EPS by 12c

Heidrick & Struggles Announces Second Quarter 2020 Results

July 27, 2020 4:01 PM EDT

CHICAGO, July 27, 2020 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII), today announced financial results for its second quarter ended June 30, 2020.

Highlights:

Net revenue of $145.6 million Operating loss of $24.0 million and operating margin of (16.5%) reflect a non-cash impairment charge of $33.0 million Adjusted operating income of $9.0 million and adjusted operating margin of 6.2% Adjusted EBITDA of $12.4 million and adjusted EBITDA margin of 8.5% Liquidity of $360.3 million at quarter-end Implementing restructuring plan in 2020 third quarter to optimize future growth and... More