Heidrick & Struggles(US:HSII) Prnewswireยท2025-05-05 20:01Core Insights - Heidrick & Struggles International, Inc. reported Q1 2025 financial results that exceeded the high end of their outlook, showcasing a resilient business model and strong client trust [2][6][8] - The company aims to navigate economic uncertainty by enhancing client partnerships and providing strategic advisory services [2][3] Financial Performance - Consolidated net revenue for Q1 2025 was $283.6 million, a 6.9% increase from $265.2 million in Q1 2024, with an 8.1% increase on a constant currency basis [6][10] - Adjusted EBITDA rose to $29.1 million, with an adjusted EBITDA margin of 10.3%, up from 9.8% in the previous year [9][12] - Adjusted net income was $14.2 million, with adjusted diluted earnings per share remaining stable at $0.67 compared to Q1 2024 [8][9] Segment Performance - Executive Search segment net revenue increased by 5.9% to $213.4 million, driven by growth across all regions: 5.7% in the Americas, 9.4% in Europe, and 1.2% in Asia Pacific [10][28] - On-Demand Talent segment net revenue grew by 12.4% to $42.6 million, reflecting strong demand [11][12] - Heidrick Consulting segment net revenue increased by 6.8% to $27.6 million, indicating solid performance in consulting services [12][28] Outlook and Dividends - The company anticipates Q2 2025 consolidated net revenue between $285 million and $305 million, compared to $278.6 million in the same period last year [6][15] - A cash dividend of $0.15 per share was declared, payable on May 29, 2025, to shareholders of record on May 15, 2025 [14][15]