Huron Consulting Group (HURN) Tops Q1 EPS by 21c, Offers Guidance
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Huron Announces First Quarter 2023 Financial Results and Affirms 2023 Guidance
May 2, 2023 4:05 PM EDTFIRST QUARTER 2023 FINANCIAL HIGHLIGHTS
Total revenues increased $57.8 million, or 22.2%, to $317.9 million in Q1 2023 from $260.0 million in Q1 2022. Revenues within the Digital capability increased 28.5% to $140.7 million in Q1 2023, compared to $109.5 million in Q1 2022. Net income was $13.4 million in Q1 2023, compared to $26.9 million in Q1 2022. Results for Q1 2022 included a non-recurring, unrealized gain of $19.8 million, net of tax, related to the company's investment in a hospital-at-home company. Adjusted EBITDA(6), a non-GAAP measure, increased $7.4 million, or 33.4%, to $29.5 million in Q1 2023 from $22.1 million in... More