Heidrick & Struggles (HSII) Tops Q3 EPS by 26c, Offers Guidance

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Heidrick & Struggles Delivers Third Consecutive Quarter of Record Results

October 25, 2021 4:01 PM EDT

CHICAGO, Oct. 25, 2021 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles" or the "Company"), today announced financial results for its third quarter ended September 30, 2021.

Third Quarter Highlights:

Record net revenue (revenue before reimbursements) of $263.8 million increased 83.8% from the 2020 third quarter. Record operating income was $33.3 million, and operating income margin expanded to 12.6% in the quarter.  Adjusted EBITDA of $36.1 million more than doubled from $15.9 million in the 2020 third quarter, and adjusted EBITDA margin increased 265 basis points to 13.7%. Net income and diluted earnings per share... More