Heidrick & Struggles Q3 revenue up 15.9%

Reuters
11/03
Heidrick & Struggles Q3 revenue up 15.9%

Overview

  • Heidrick & Struggles Q3 net revenue grows 15.9% yr/yr, driven by all business lines

  • Adjusted EBITDA for Q3 beats analyst expectations, indicating strong operational performance

  • Company announces take-private transaction with Advent International and Corvex Private Equity

Outlook

  • Company did not provide specific future financial guidance

Result Drivers

  • EXECUTIVE SEARCH GROWTH - Revenue from Executive Search increased 17% yr/yr, driven by strong performance in the Americas and Europe

  • ON-DEMAND TALENT - On-Demand Talent revenue grew 10.1% yr/yr, contributing to overall revenue growth

  • HEIDRICK CONSULTING - Heidrick Consulting revenue rose 17.6% yr/yr, supporting consolidated revenue increase

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Revenue

$322.80 mln

Q3 EPS

$0.83

Q3 Net Income

$17.60 mln

Q3 Adjusted EBITDA

Beat

$34.20 mln

$31.40 mln (3 Analysts)

Press Release: ID:nPn2QXylqa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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