Workflow
Huron Consulting(HURN)
icon
Search documents
Is Huron Consulting (HURN) a Solid Growth Stock? 3 Reasons to Think "Yes"
Zacks Investment Research· 2024-02-29 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond ...
Huron Consulting(HURN) - 2023 Q4 - Annual Results
2024-02-26 16:00
Exhibit 10.1 [Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.] AMENDMENT NO. 2 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT THIS AMENDMENT NO. 2, dated as of February 26, 2024 (this "Amendment"), of the Credit Agreement (as defined below) is by and among HURON CONSULTING GROUP INC., a Delaware corporation (the "Borrower"), the Lenders party hereto and BANK OF ...
Huron Consulting(HURN) - 2023 Q4 - Annual Report
2024-02-26 16:00
Talent and Workforce Management - The company increased its full-time professionals from 249 in 2002 to approximately 6,480 as of December 31, 2023[61] - The company faces significant competition for talent, which may increase labor costs and negatively affect margins and results of operations[59] - The company may face challenges in hiring and integrating new employees or acquired businesses, which could disrupt operations and increase costs[71] - The company must manage organizational challenges associated with growth to achieve its business objectives[60] Regulatory and Compliance Risks - The company derives a significant portion of its revenue from clients in the healthcare and education industries, which are highly regulated and subject to changing political influences[76] - Regulatory changes in the healthcare and education sectors could reduce demand for the company's services and require unplanned modifications to service offerings[77] - The company is subject to increased regulatory compliance and oversight in its international operations, which could affect business results[65] - The complexity and number of data protection laws are increasing, which may raise operational costs and impact financial results if compliance is not achieved[100] - Professional liability risks are inherent in the company's engagements, and significant legal liabilities could arise from allegations of negligence, potentially harming financial condition and reputation[104] Financial Performance and Profitability - The company's profitability is significantly affected by the utilization and billing rates of its professionals, which are influenced by client engagement size and timing[107] - Many client contracts are short-term, typically 12 months or less, leading to unpredictable operating results and potential revenue declines if new large engagements are not secured[84] - The company's financial results are significantly influenced by its ability to adapt to rapid technological changes and client demands, with a focus on digital and analytic services[82] - The company's financial guidance is based on assumptions that may not always prove accurate, potentially affecting the market value of its common stock if not met[120] - The company’s ability to generate cash flow from operations is critical for meeting obligations under its current and future indebtedness[124] Strategic Initiatives and Growth - The company modified its operating model effective January 1, 2022, to report under three industries, which may take several years for full implementation[75] - The company's growth strategy emphasizes innovation and investment in new technologies to maintain a competitive advantage and expand into new growth areas[83] - The company launched the Huron Managed Services business within the Healthcare industry, providing revenue cycle managed services to hospitals and health systems[105] Market and Competitive Landscape - The consulting services industry is highly competitive, with numerous participants and low barriers to entry, which may adversely affect the company's financial results if it cannot compete effectively[90] - The ability to attract new business is heavily dependent on the company's reputation and the quality of its services, with any damage to reputation potentially leading to a loss of clients and revenue[89] Financial Instruments and Investments - The company has invested $40.9 million in convertible debt in Shorelight Holdings, with a fair value of $68.0 million as of December 31, 2023, reflecting an unrealized gain[129] - The company recognized a non-cash impairment loss of $26.3 million on its preferred stock investment in a hospital-at-home company in Q4 2023, with a carrying value of $7.4 million as of December 31, 2023[130] - The company’s borrowings under its credit facility totaled $324.0 million at a weighted average interest rate of 4.2% as of December 31, 2023, compared to $290.0 million at 3.8% in the previous year[284] - A hypothetical 100 basis point change in interest rates would have a $0.7 million effect on pretax income on an annualized basis as of December 31, 2023[284] - The company uses derivative instruments to hedge against interest rate and foreign currency exchange rate risks, with a notional amount of $250.0 million in interest rate swaps as of December 31, 2023[285] Currency and Foreign Exchange Risks - The company has foreign currency exposure with INR 1,375.7 million ($16.6 million) in foreign exchange forward contracts as of December 31, 2023[286] Operational Challenges - The company may incur costs to support its business, and failure to build an effective support structure could adversely impact growth and profitability[61] - The company may face increased volatility in working capital requirements due to performance-based fee arrangements, which are contingent on achieving specific client goals[118] - The company's billing rates and overall utilization could materially suffer if it fails to adapt to market demands for in-person service delivery[110] - The company relies on third-party vendors for technology and software, and any adverse changes in these relationships could negatively impact service offerings and financial performance[92] - The company faces risks related to information technology, including system failures and security breaches, which could disrupt operations and harm financial results[93] - Incorporating artificial intelligence (AI) into services presents reputational and compliance risks, which could adversely affect the company's business if not managed properly[96] - Changes in U.S. tax laws could materially impact the company's tax expense and profitability, affecting overall financial condition[135]
Huron Announces Fourth Quarter and Full Year 2023 Earnings Release and Webcast
Businesswire· 2024-02-13 14:05
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) will announce its financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 27, 2024. C. Mark Hussey, chief executive officer and president, and John D. Kelly, chief financial officer, will host a conference call to discuss the company’s financial results on Tuesday, February 27, 2024, at 5:00 p.m. Eastern Time (4:00 p.m. Central Time). The conference call is ...
Huron to Acquire Global Philanthropic Management Consulting Firm GG+A
Businesswire· 2024-02-12 16:00
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced it has entered into an agreement to acquire GG+A, a leading philanthropic management consulting firm that helps education institutions and healthcare, arts and other nonprofit organizations build and accelerate the philanthropic programs that support their mission. Successful fundraising programs and campaigns can play a pivotal role in helping organizations achieve their strategic objectives and widen their imp ...
Huron Recognized as a 2024 'Best Place to Work' by Glassdoor
Businesswire· 2024-01-11 15:00
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) has been named a “Best Place to Work” by Glassdoor, one of the world's largest and most influential communities for workplace conversations. Huron secured the 32nd position out of 100 on Glassdoor’s Best Places to Work US Large list, including a 4.5 rating. " We are honored to receive this recognition from Glassdoor and deeply moved by the overwhelmingly positive sentiment shared by our employees. At Huron, we believe that our ...
Huron Announces 27 Managing Director and Principal Promotions
Businesswire· 2024-01-09 16:00
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced 27 managing director and principal promotions to recognize these individuals as the firm expands its leadership team in order to foster future growth. “ I extend my congratulations to our newly promoted managing directors and principals on achieving this well-deserved career milestone,” said Mark Hussey, chief executive officer and president of Huron. “ Their dedication, expertise, and unwavering commitment to ...
Huron Consulting(HURN) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1934 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents (Address of principal executive offices) (Zip Code) (312) 583-8700 (Registrant's telephone number, including area code) Commission file number: 000-50976 HURON CONSULT ...
Huron Consulting(HURN) - 2023 Q2 - Earnings Call Transcript
2023-07-28 01:42
Huron Consulting Group Inc. (NASDAQ:HURN) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Mark Hussey - Chief Executive Officer and President John Kelly - Chief Financial Officer and Treasurer Conference Call Participants Tobey Sommer - Truist Securities Andrew Nicholas - William Blair Bill Sutherland - Benchmark Company Kevin Steinke - Barrington Research Operator Good afternoon. And welcome to Huron Consulting Group's webcast to discuss the financial results for the Second Q ...
Huron Consulting(HURN) - 2023 Q2 - Quarterly Report
2023-07-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-50976 HURON CONSULTING GROUP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...