Huron Consul - HURN STOCK NEWS

Huron (NASDAQ: HURN) has announced the promotion of J. Ronald Dail to chief operating officer, effective July 1, 2022. He will succeed C. Mark Hussey, who will transition to CEO on January 1, 2023. Dail, previously head of Huron's largest business unit, will focus on operational excellence and revenue growth. His leadership has resulted in significant benefits for clients, delivering hundreds of millions in annual recurring revenue. Huron aims to optimize operations and expand globally under Dail's guidance.

Huron reported a strong Q1 2022 with revenues increasing by $56.8 million, or 28.0%, to $260.0 million compared to Q1 2021. Net income rose to $26.9 million, marking a significant gain of $21.4 million. The results include an unrealized gain of $19.8 million on a hospital-at-home investment. Adjusted EBITDA grew 34.4% to $22.1 million. Diluted EPS increased to $1.27 from $0.24. Huron revised its 2022 revenue guidance to between $1.00 billion and $1.05 billion, anticipating adjusted EBITDA margins of 11.25% to 12.25%.

Huron (NASDAQ: HURN) is set to release its financial results for the first quarter ending March 31, 2022, after market close on May 3, 2022. CEO James H. Roth, CFO John D. Kelly, and COO C. Mark Hussey will discuss the results in a conference call at 5:00 p.m. ET on the same day. The call will be webcast on Huron’s official website, with a replay available for 90 days. Huron specializes in professional services, helping clients implement strategies, enhance operations, and drive digital transformation.

Huron (NASDAQ: HURN) held a virtual Investor Day to present its growth strategy and financial goals through 2025.

The strategy focuses on enhancing revenue and profitability with key initiatives in:

• Healthcare and Education growth
• Expansion in Commercial Industries
• Strengthening Digital Capabilities
• Margin Expansion and improved EPS growth

The company targets low double-digit revenue growth, mid-teen adjusted EBITDA margins, and high-teen adjusted EPS growth by 2025.

Huron (NASDAQ: HURN) announced CEO James H. Roth will step down on December 31, 2022, after 13 years in that role, becoming vice chairman of the Board. C. Mark Hussey, current president and COO, will take over as CEO on January 1, 2023. Under Roth’s leadership, Huron nearly doubled its revenue to over $900 million in 2021 and expanded its workforce from 2,000 to over 4,500 globally. An Investor Day is set for March 29, 2022, to discuss the company's strategy and transition.

Huron (NASDAQ: HURN) announced the election of Peter Markell to its board of directors, increasing board membership to seven. Markell brings extensive financial expertise, having managed $14 billion in operations while serving as CFO at Mass General Brigham. His experience in healthcare and higher education aligns with Huron’s strategic goals. The board aims to enhance its capabilities further with new members to reflect diverse perspectives and better serve clients.

Huron's Q4 2021 revenues surged by 25.2% to $248.3 million, up from $198.3 million in Q4 2020. The company reported a net income of $31.1 million, reversing a net loss of $6.1 million the previous year, aided by a $23.7 million gain from the sale of its Life Sciences business. Adjusted EBITDA grew 71.7% to $29.3 million, while diluted EPS improved to $1.45 from a loss of $0.28. For 2021, total revenues reached $905.6 million, up 7.3%, with guidance for 2022 set between $970 million to $1.03 billion.

Global professional services firm Huron (NASDAQ: HURN) will announce its financial results for the fourth quarter and full year ended Dec. 31, 2021, after market close on Thursday, Feb. 24, 2022. A conference call will follow at 5:00 p.m. Eastern Time featuring CEO James H. Roth and CFO John D. Kelly. Additionally, Huron is hosting a virtual Investor Day on Tuesday, Mar. 29, 2022, at 9:00 a.m. Eastern Time, to discuss company strategy with its leadership team. Details for both events will be available on Huron's website.