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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 has finalized the divestiture of its life sciences commercial and R&D strategy business to Oliver Wyman, part of Marsh McLennan (NYSE: MMC). This strategic move allows Huron to focus more on enhancing its industry expertise in healthcare and education, alongside advancing its technology capabilities across all segments. The transaction is expected to streamline operations, directing resources towards core business areas, thereby aiming for improved client service and operational efficiency.
Huron (NASDAQ: HURN) is set to release its third-quarter financial results for the period ending September 30, 2021, after market hours on November 2, 2021. A conference call led by CEO James H. Roth and CFO John D. Kelly will occur the same day at 5:00 p.m. Eastern Time to discuss the results. The call will also be webcast on Huron's official website, with a replay available for 90 days post-event. Huron focuses on strategic growth and digital transformation for its clients.
Huron (NASDAQ: HURN) has signed an agreement to divest its Life Sciences Business to Oliver Wyman, a unit of Marsh McLennan (NYSE: MMC). This strategic move is aimed at enhancing Huron's focus on organic revenue growth and margin expansion. The Life Sciences Business contributed approximately 2% of Huron's total revenue for the nine months ended September 30, 2021. The transaction is anticipated to close in November 2021 and is projected to have minimal impact on Huron's full-year 2021 financial guidance. The company plans to use the proceeds to reduce debt and pursue strategic acquisitions.
Global professional services firm Huron (NASDAQ: HURN) announced that CEO James H. Roth and CFO John D. Kelly will present at the Sidoti Fall Virtual Investor Conference on Sept. 22-23, 2021. Huron's presentation is scheduled for Wednesday, Sept. 22, at 10:00 a.m. Eastern Time. A live webcast can be accessed here.
Huron (NASDAQ: HURN) reported a 6% year-over-year revenue growth for Q2 2021, totaling $230.1 million, with net income from continuing operations at $12.8 million. Diluted EPS was $0.59, down from $0.61 a year ago. The company expects strong revenue growth in the latter half of 2021, driven by recovery in the Healthcare and Education segments. Adjusted EBITDA was $25.6 million, or 11.1% of revenues. Huron anticipates full-year revenues between $875 million and $905 million and adjusted diluted EPS of $2.40 to $2.70.
Huron (NASDAQ: HURN) will reveal its financial results for the second quarter ending June 30, 2021, on July 29, 2021, after market close. CEO James H. Roth and CFO John D. Kelly will lead a conference call at 5:00 p.m. Eastern Time to discuss these results. Investors can access the conference call through Huron’s website, with a replay available for 90 days post-event. Huron is dedicated to fostering strategic growth and transformation for clients, emphasizing diverse perspectives and innovative solutions.
Huron has been recognized in the 2021 Gartner Magic Quadrant for Oracle Cloud Application Services, highlighting its extensive expertise and innovative solutions for clients transitioning to cloud services. The report indicates significant growth in Oracle Cloud Applications, projecting that by 2024, 75% of Oracle application services revenue will be cloud-related. Huron is committed to supporting clients through their digital transformation journeys, leveraging its strong industry and technical competencies.
Huron (NASDAQ: HURN) reported Q1 2021 revenues of $203.2 million, down from $222.6 million in Q1 2020. Net income improved to $5.4 million from a net loss of $42.3 million a year prior, with diluted EPS at $0.24 compared to a loss of $1.94. Despite a strong recovery in healthcare and education sectors, the ongoing impact of COVID-19 remains a concern. The company raised its full-year revenue guidance to $850-$900 million and plans for adjusted EBITDA of 10.8%-11.8%. Huron hired 300 professionals in healthcare to bolster services.
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