Huron Consulting Group (HURN) Tops Q2 EPS by 38c, Offers Guidance

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Go back to Huron Consulting Group (HURN) Tops Q2 EPS by 38c, Offers Guidance

Huron Announces Record Second Quarter 2023 Financial Results and Increases 2023 Guidance

July 27, 2023 4:05 PM EDT

SECOND QUARTER 2023 HIGHLIGHTS

Total revenues increased $73.4 million, or 26.9%, to $346.8 million in Q2 2023 from $273.3 million in Q2 2022. Net income increased $10.8 million, or 78.1%, to $24.7 million in Q2 2023 from $13.9 million in Q2 2022. Adjusted EBITDA(6), a non-GAAP measure, increased $15.3 million, or 46.0%, to $48.5 million in Q2 2023 from $33.2 million in Q2 2022. Diluted earnings per share increased $0.61, or 92.4%, to $1.27 in Q2 2023 from $0.66 in Q2 2022. Adjusted diluted earnings per share(6), a non-GAAP measure, increased $0.55, or 66.3%, to $1.38 in Q2 2023 from $0.83 in Q2 2022. Net cash provided by operating activities was $78.2 million in Q2 2023, compared to $28.9 million in Q2 2022.

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