Huron Consulting Group Inc.
169.61+17.13 (+11.2%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · HURN · USD
Key Stats
Market Cap
2.92BP/E (TTM)
28.41Basic EPS (TTM)
5.97Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Huron Consulting's Q2 revenues before reimbursable expenses climbed 8.3% y/y to $402.5M, fueled by digital strength in commercial and education segments plus consulting gains in healthcare and education, though offset by softer commercial consulting demand. Operating income dipped 23.1% y/y to $45.7M amid a $11.1M non-cash impairment on a convertible debt investment, yet margins held steady at 15.1% adjusted EBITDA. Diluted EPS fell to $1.09 from $2.03, but adjusted EPS rose 12.5% to $1.89 on share repurchases. Acquisitions like Eclipse Insights added $53.8M goodwill and $26.9M intangibles (10-year life), bolstering healthcare revenue cycle offerings. Cash swelled to $61.0M with $199.6M revolver availability, while debt stood at $656.9M under the amended $1.1B facility maturing 2030. Free cash flow not disclosed in the 10-Q. Regulatory hurdles in education partnerships pose ongoing risks.
8-K
Huron boosts Q2 revenue, guidance
Huron Consulting reported Q2 2025 revenues before reimbursable expenses up 8.3% to $402.5 million, fueled by organic growth across segments and $13.1 million from the AXIA acquisition, though a $11.1 million pre-tax impairment on a third-party convertible debt investment dragged net income to $19.4 million. Adjusted EBITDA rose 8.8% to $60.6 million, utilization hit 77.0% for consulting, and Managed Services professionals surged 54.2%. The company hiked full-year guidance to $1.64-$1.68 billion in revenues and $7.30-$7.70 adjusted diluted EPS. Strong demand persists amid client disruptions.
8-K
Huron Consulting Group Inc. has successfully refinanced and expanded its senior secured credit facility to $1.1 billion, extending maturities to July 2030 and increasing capacity by $225 million from the previous arrangement. The facility includes a $700 million revolving credit line and a $400 million term loan, supporting the company's balanced capital deployment strategy focused on organic investments and shareholder value.
Huron Consulting Group Inc. has entered into a Fourth Amended and Restated Credit Agreement, effective July 30, 2025, amending and restating the Third Amended and Restated Credit Agreement dated November 15, 2022. This agreement establishes a $1.1 billion senior secured credit facility, comprising a $700 million revolving credit facility maturing July 30, 2030, and a $400 million term loan facility also maturing July 30, 2030. The facility replaces the previous $875 million arrangement, increasing total borrowing capacity by $225 million. The revolving facility includes $50 million sublimits for letters of credit and swing line loans. The term loan features quarterly amortization payments of $5 million starting September 30, 2025, with the final payment on maturity. Interest rates are based on Term SOFR plus an applicable margin ranging from 1.250% to 1.875% for Term SOFR loans and 0.250% to 0.875% for Base Rate loans, with a commitment fee of 0.150% to 0.275% on unused portions. The agreement maintains financial covenants, including a minimum Consolidated Interest Coverage Ratio of 3.00:1.0 and a maximum Consolidated Leverage Ratio of 3.75:1.0, adjustable to 4.25:1.0 for up to two four-quarter periods following a Qualified Acquisition exceeding $50 million. The facility is secured by substantially all personal property assets of the Loan Parties, with guarantees from domestic subsidiaries. This refinancing enhances Huron's capital structure, providing greater flexibility for strategic initiatives and shareholder returns while maintaining financial discipline.
8-K
Stockholders approve incentive plan amendment
Huron Consulting Group stockholders approved an amendment to the 2012 Omnibus Incentive Plan at the May 9, 2025 annual meeting, adding 900,000 shares for issuance to boost executive incentives. The vote passed narrowly with 9 million for and 5.5 million against, while directors were elected overwhelmingly and executive pay won advisory approval. This expands talent retention tools amid strong auditor ratification.
8-K
Q1 revenues surge 11.2%
Huron Consulting Group reported first-quarter 2025 revenues before reimbursable expenses up 11.2% to $395.7 million, fueled by strong demand in Healthcare and Education segments plus $11.9 million from the December 2024 AXIA acquisition, though Commercial consulting dipped. Net income rose 36.3% to $24.5 million, with adjusted EBITDA climbing 22.7% to $41.5 million and margins expanding to 10.5%. The firm repurchased 0.5 million shares for $72.9 million. Huron reaffirms full-year guidance of $1.58 billion to $1.66 billion in revenues before reimbursable expenses. Growth persists amid market disruption.
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