Heidrick & Struggles International ( (HSII) ) has released its Q4 earnings. Here is a breakdown of the information Heidrick & Struggles International presented to its investors.
Heidrick & Struggles International, Inc. is a global leader in executive leadership advisory and on-demand talent solutions, serving a large and growing market with a focus on superior client performance.
The company recently reported a 9% increase in fourth-quarter revenue, surpassing its expected outlook, with all business segments contributing to this growth. Despite a net loss due to goodwill impairment charges, the company achieved strong adjusted net income and earnings per share growth.
Key financial highlights include a fourth-quarter net revenue of $276.2 million, a 9% increase year-over-year, and a full-year revenue of $1,098.6 million, up 7% from the previous year. The adjusted EBITDA for the fourth quarter was $26.1 million, with a margin of 9.5%, while the full-year adjusted EBITDA was $111.2 million. The Board declared a $0.15 per share cash dividend, reflecting confidence in future performance.
Looking forward, Heidrick & Struggles anticipates first-quarter 2025 revenue between $263 million and $273 million, with potential impacts from external factors like foreign exchange and macroeconomic conditions. The company remains focused on achieving long-term financial targets and creating value for clients and shareholders.
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