Huron Consulting Group (HURN) Tops Q3 EPS by 2c, Offers Guidance

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Huron Announces Third Quarter 2022 Financial Results and Updates 2022 Guidance

November 1, 2022 4:05 PM EDT

THIRD QUARTER 2022 HIGHLIGHTS

Revenues increased $61.4 million, or 27.4%, to $285.4 million in Q3 2022 from $224.0 million in Q3 2021.

Revenues within the Digital capability increased 45.5% in Q3 2022 compared to Q3 2021.

Net income increased $4.0 million, or 29.2%, to $17.7 million in Q3 2022 from $13.7 million in Q3 2021.

Adjusted EBITDA(7), a non-GAAP measure, increased $10.1 million, or 38.1%, to $36.5 million in Q3 2022 from $26.4 million in Q3 2021.

Diluted earnings per share increased $0.22, or 34.4%, to $0.86 in Q3 2022 from $0.64 in Q3 2021.

Adjusted diluted earnings per share(7), a non-GAAP measure, increased $0.23, or 29.5%, to $1.01 in Q3 2022... More