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Huron Consulting Group Inc. (NASDAQ: HURN) is a global professional services firm dedicated to helping organizations drive growth, enhance performance, and sustain leadership in their respective markets. With expertise spanning strategy, technology, operations, advisory services, and analytics, Huron partners with clients to develop strategies and implement solutions that enable transformative change necessary for future success.
Huron operates through three main segments:
- Healthcare: This segment focuses on transforming and innovating healthcare delivery models to prioritize patient wellness. By improving quality outcomes and minimizing care variations, Huron helps healthcare organizations enhance patient and population health.
- Education: Huron's Education segment provides management consulting and technology solutions to educational institutions. The firm's expertise aids in streamlining operations, enhancing student outcomes, and driving institutional success.
- Business Advisory: The Business Advisory segment offers tailored services to large and middle-market organizations, not-for-profit entities, and private equity firms. This segment works on improving operational efficiency, strategic planning, and market competitiveness.
Huron Consulting Group generates a majority of its revenue from the Healthcare segment, reflecting its strong foothold and impact in the healthcare industry. Recent achievements include pioneering solutions to enhance patient care and advancing technology integrations to support evolving educational needs.
With a commitment to delivering high-quality advisory services and fostering long-term client partnerships, Huron Consulting Group continues to play a pivotal role in transforming organizations across various sectors. Stay updated with the latest developments as Huron propels its clients toward a successful and sustainable future.
Huron reported strong financial results for Q4 and full year 2022, with total revenues rising by 26.3% to $313.7 million in Q4 and by 25.0% to $1.132 billion for the full year. Growth in the Digital capability was particularly notable at 37.0% and 41.4%, respectively. Net income for Q4 decreased to $17.1 million, compared to $31.1 million in Q4 2021, affected by a previous one-time gain. Adjusted EBITDA rose 33.1% to $39.0 million in Q4. The company repurchased 0.3 million shares for $23.5 million in Q4 and provided 2023 revenue guidance of $1.22 billion to $1.28 billion. Huron continues to focus on growth and profitability with a solid market position.
Global professional services firm Huron (NASDAQ: HURN) will release its financial results for the fourth quarter and full year ended December 31, 2022, after market close on February 28, 2023. A conference call hosted by CEO C. Mark Hussey and CFO John D. Kelly will follow at 5:00 p.m. ET on the same day, with a webcast available on Huron's website. A replay will be accessible two hours post-call and will remain available for 90 days.
Huron specializes in creating strategies, optimizing operations, and supporting digital transformation for organizations worldwide.
Huron (NASDAQ: HURN) announced the promotion of 33 managing directors and principals to enhance its strategic objectives and growth goals. CEO C. Mark Hussey praised the leaders for their impactful contributions to the company and clients. Key promotions include Ashley Anderson, Don Bieger, and Mike Champa, among others, each bringing extensive experience in healthcare, technology, and operational transformation. These advancements aim to drive performance improvement and innovation across various sectors, aligning with Huron's mission of empowering businesses to optimize operations and embrace digital transformation.
OneSchema has secured $6.3M in funding led by General Catalyst, with contributions from Sequoia Capital and Y Combinator. The company offers a powerful CSV importer designed to streamline data ingestion for developers, significantly reducing the time required for integration. OneSchema's solution is already being utilized by over 50 companies, including notable names like Huron Consulting Group (NASDAQ: HURN). Co-founders Christina Gilbert and Andrew Luo aim to transform the landscape of data integration, enhancing accessibility and usability of previously challenging CSV data.
Huron (NASDAQ: HURN) has announced an amendment and extension of its senior secured credit facility, changing the maturity date from September 27, 2024, to November 15, 2027. The facility maintains $600 million in aggregate revolving commitments and offers favorable pricing and flexibility for capital deployment. Additionally, it includes provisions for pricing adjustments based on ESG performance. CFO John D. Kelly emphasized the facility's role in supporting growth and capital requirements, reflecting lender confidence in Huron's strategy.
Huron (NASDAQ: HURN) announces that Katie Clarke, a principal in their healthcare team, has been recognized as a 2022 Woman Leader in Consulting by Consulting magazine. This honor highlights her significant contributions to the healthcare industry, focusing on patient-centered organizational cultures and innovative care models.
Clarke's leadership fosters digital transformation and improves patient satisfaction. The award was presented on Nov. 3, 2022, showcasing Clarke's commitment to building stronger healthcare communities.
Huron (NASDAQ: HURN) reported a strong financial performance for Q3 2022, with revenues rising by 27.4% to $285.4 million from $224.0 million in Q3 2021. Digital capabilities drove a notable 45.5% increase in revenues. Net income increased 29.2% to $17.7 million, while diluted EPS rose 34.4% to $0.86. For the first nine months, total revenues increased 24.6% to $818.7 million, with adjusted EBITDA growing 34.0%. Huron anticipates its 2022 revenue guidance at $1.09 billion to $1.11 billion.
Global professional services firm Huron (NASDAQ: HURN) is set to announce its third-quarter financial results for the period ending September 30, 2022, after market closure on November 1, 2022. The announcement will be followed by a conference call at 5:00 p.m. Eastern Time, hosted by CEO James H. Roth, CFO John D. Kelly, and President C. Mark Hussey. The call will be accessible via Huron's website, with a replay available shortly after for 90 days.
Huron (NASDAQ: HURN) has appointed Joy Brown to its board of directors. With extensive experience in technology and analytics, Brown previously held executive roles at Verizon Media and Capital One, where she focused on data transformation and enhancing customer engagement. Non-executive chairman John McCartney highlighted her potential to impact Huron's growth objectives significantly. This addition aims to diversify the board's expertise as part of Huron's multi-year refresh process, enhancing its ability to meet strategic and financial goals.
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