Heidrick & Struggles Posts Record 2021 First Quarter Results
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Heidrick & Struggles (HSII) Tops Q1 EPS by 21c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus
April 26, 2021 4:05 PM EDTHeidrick & Struggles (NASDAQ: HSII) reported Q1 EPS of $0.74, $0.21 better than the analyst estimate of $0.53. Revenue for the quarter came in at $194.7 million versus the consensus estimate of $163.47 million.
Highlights:
Record net revenue (revenue before reimbursements) of $193.7 million increased $22.2 million, or 12.9%, from $171.5 million in the 2020 first quarter and increased $32.7 million, or 20.3%, from $161.0 in the 2020 fourth quarter.Operating income, before adjustments, of $19.6 million and operating margin of 10.1% include a restructuring charge of $3.9 million, as anticipated. In the 2020 first quarter, operating income was $18.2 million and operating margin was 10.6%.Adjusted operating income, before restructuring, of... More