Heidrick & Struggles reports Q1 EPS 76c, consensus 64c

Reports Q1 revenue $239.3M, consensus $245.14M. "As we anticipated, we saw a slowdown in first quarter revenue from a year ago and adjusted our costs accordingly, as demonstrated by our Adjusted EBITDA margin of nearly 12%. While we expect to see some continued volatility in our markets, which is reflected in our guidance, we will continue to navigate through these complexities prudently," stated Heidrick & Struggles’ President and Chief Executive Officer, Krishnan Rajagopalan. "Importantly, we continued to advance our diversification strategy with the acquisition of businessfourzero to augment our Heidrick Consulting offering, as well as the ongoing integration of Atreus into our On-Demand Talent platform."