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
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(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.)