Huron Consulting Group Inc. - HURN STOCK NEWS

Huron (NASDAQ: HURN) reported Q4 2020 revenues of $198.3 million, a decline from $232.3 million in Q4 2019, with a net loss of $6.1 million compared to a net income of $14.4 million the previous year. For 2020, revenues totaled $844.1 million, down from $876.8 million in 2019. The company faced challenges due to COVID-19, affecting its Healthcare and Education segments. However, the Business Advisory segment achieved record revenues. Huron anticipates 2021 revenues between $830 million and $890 million, with adjusted EBITDA expected at 10.8% to 11.8% of revenues.

Global professional services firm Huron (NASDAQ: HURN) will release its financial results for the fourth quarter and full year ended December 31, 2020, on February 23, 2021, after market close. The earnings announcement will be followed by a conference call led by CEO James H. Roth and CFO John D. Kelly at 5:00 PM ET. Investors can access the conference call on Huron's website, with a replay available for 90 days post-event. Huron focuses on helping clients achieve operational, digital, and cultural transformation.

Huron (NASDAQ: HURN) has finalized its acquisition of Unico Solution, enhancing its data management and governance capabilities. This acquisition aims to assist clients in optimizing operations and promoting cloud adoption. CEO James H. Roth expressed enthusiasm about integrating Unico's team and leveraging their expertise to accelerate business transformation and improve decision-making. Unico will be categorized under Huron’s Business Advisory segment, indicating a strategic move to align technology with organizational goals and empower clients to make informed, data-driven decisions.

Huron (NASDAQ: HURN) has announced the promotion of 12 managing directors and corporate vice presidents as part of its strategy to accelerate growth. CEO James H. Roth commended the leadership skills of these individuals, who have significantly impacted Huron's culture and client service. Key promotions include Nicole Bengtson, Cati Cederoth, and Elizabeth Entinghe, among others, bringing extensive experience in healthcare, technology consulting, and corporate development.

Huron (NASDAQ: HURN) has announced its acquisition of Unico Solution, a data strategy and technology consulting firm. This strategic move aims to enhance Huron's capabilities in data management and governance, critical for client digital transformation and cloud adoption. Over 30 Unico employees, including managing partner Vikas Punna, will join Huron. The acquisition is expected to close in February, and while the financial terms are undisclosed, it marks a significant step in bolstering Huron's service offerings in the data management sector.

Huron reported third-quarter 2020 revenues of $205.3 million, down from $219.3 million YoY, with a net income of $11.1 million. The ongoing pandemic has disrupted operations, particularly in Healthcare and Education, while boosting demand for technology advisory services. Restructuring efforts include workforce reductions impacting 145 employees and projected annual savings of $23 million to $27 million. Huron expects fourth-quarter financial results to be negatively impacted by COVID-19 and has updated its full-year revenue guidance to $835 million to $855 million.

Huron (NASDAQ: HURN) has successfully acquired ForceIQ, a partner of Salesforce Industries, strengthening its digital transformation capabilities. This acquisition aims to enhance Huron's ability to deliver exceptional customer experiences across various sectors, including financial services, energy, and the public sector. The integration of ForceIQ into Huron's Business Advisory segment is anticipated to bolster growth and market expansion opportunities.