Welcome to our dedicated page for Huron Consul news (Ticker: HURN), a resource for investors and traders seeking the latest updates and insights on Huron Consul stock.
Huron Consulting Group Inc. (NASDAQ: HURN) is a global professional services firm that regularly issues news and updates about its strategy, operations, acquisitions, and financial performance. This news page aggregates press releases and other coverage related to Huron, giving investors and observers a single place to review the company’s publicly reported developments.
Huron’s news flow often centers on quarterly and year-to-date financial results, where the company reports revenues before reimbursable expenses, net income, diluted earnings per share, and non‑GAAP measures such as EBITDA, adjusted EBITDA, adjusted net income, and adjusted diluted earnings per share. These releases also discuss demand trends across the Healthcare, Education, and Commercial segments, utilization rates for Consulting and Digital capabilities, and updates to annual guidance.
Another key category of HURN news involves acquisitions and strategic transactions. Recent announcements include agreements to acquire Eclipse Insights, a revenue cycle consulting firm serving healthcare providers; the acquisition of the payor consulting services division of AXIOM Systems, which expands Huron’s capabilities in the healthcare payor ecosystem; the acquisition of Wilson Perumal & Company, a strategy and operations consulting firm focused on managing complexity; and the acquisition of Treliant, LLC, an advisory and managed services partner to the financial services industry. These stories describe how Huron is broadening its healthcare, commercial, and financial services offerings.
Huron also issues news about capital structure and investor relations events, such as the amendment and extension of its senior secured credit facility and announcements of upcoming earnings releases and webcasts. In addition, the company highlights external recognitions, including rankings by Forbes, Consulting Magazine, and Time magazine.
By reviewing the HURN news feed on a recurring basis, readers can follow how Huron communicates its financial performance, expansion of consulting and managed services capabilities, and key corporate milestones across its Healthcare, Education, and Commercial segments.
Huron reported a 9.1% increase in revenues for Q3 2021, reaching $224.0 million compared to Q3 2020's $205.3 million. Net income rose 23.8% to $13.7 million, with diluted EPS from continuing operations up 28.0% to $0.64. Year-to-date revenues saw a 1.8% rise to $657.3 million. The company narrowed its 2021 revenue guidance to between $885.0 million and $905.0 million. Huron’s technology-related services contributed 40% to total revenue, indicating a strong focus on digital solutions.
Huron has finalized the divestiture of its life sciences commercial and R&D strategy business to Oliver Wyman, part of Marsh McLennan (NYSE: MMC). This strategic move allows Huron to focus more on enhancing its industry expertise in healthcare and education, alongside advancing its technology capabilities across all segments. The transaction is expected to streamline operations, directing resources towards core business areas, thereby aiming for improved client service and operational efficiency.
Huron (NASDAQ: HURN) is set to release its third-quarter financial results for the period ending September 30, 2021, after market hours on November 2, 2021. A conference call led by CEO James H. Roth and CFO John D. Kelly will occur the same day at 5:00 p.m. Eastern Time to discuss the results. The call will also be webcast on Huron's official website, with a replay available for 90 days post-event. Huron focuses on strategic growth and digital transformation for its clients.
Huron (NASDAQ: HURN) has signed an agreement to divest its Life Sciences Business to Oliver Wyman, a unit of Marsh McLennan (NYSE: MMC). This strategic move is aimed at enhancing Huron's focus on organic revenue growth and margin expansion. The Life Sciences Business contributed approximately 2% of Huron's total revenue for the nine months ended September 30, 2021. The transaction is anticipated to close in November 2021 and is projected to have minimal impact on Huron's full-year 2021 financial guidance. The company plans to use the proceeds to reduce debt and pursue strategic acquisitions.
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Global professional services firm Huron (NASDAQ: HURN) announced that CEO James H. Roth and CFO John D. Kelly will present at the Sidoti Fall Virtual Investor Conference on Sept. 22-23, 2021. Huron's presentation is scheduled for Wednesday, Sept. 22, at 10:00 a.m. Eastern Time. A live webcast can be accessed here.
Huron (NASDAQ: HURN) reported a 6% year-over-year revenue growth for Q2 2021, totaling $230.1 million, with net income from continuing operations at $12.8 million. Diluted EPS was $0.59, down from $0.61 a year ago. The company expects strong revenue growth in the latter half of 2021, driven by recovery in the Healthcare and Education segments. Adjusted EBITDA was $25.6 million, or 11.1% of revenues. Huron anticipates full-year revenues between $875 million and $905 million and adjusted diluted EPS of $2.40 to $2.70.
Huron (NASDAQ: HURN) will reveal its financial results for the second quarter ending June 30, 2021, on July 29, 2021, after market close. CEO James H. Roth and CFO John D. Kelly will lead a conference call at 5:00 p.m. Eastern Time to discuss these results. Investors can access the conference call through Huron’s website, with a replay available for 90 days post-event. Huron is dedicated to fostering strategic growth and transformation for clients, emphasizing diverse perspectives and innovative solutions.
Huron has been recognized in the 2021 Gartner Magic Quadrant for Oracle Cloud Application Services, highlighting its extensive expertise and innovative solutions for clients transitioning to cloud services. The report indicates significant growth in Oracle Cloud Applications, projecting that by 2024, 75% of Oracle application services revenue will be cloud-related. Huron is committed to supporting clients through their digital transformation journeys, leveraging its strong industry and technical competencies.
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