Heidrick & Struggles Delivers 16% Revenue Growth in Q3, Driving Strong Profitability

Core Insights - Heidrick & Struggles reported strong financial results for Q3 2025, exceeding the high end of their outlook, with all lines of business contributing to revenue growth [2][3][7] Financial Performance - Consolidated net revenue for Q3 2025 was $322.8 million, a 15.9% increase year-over-year from $278.6 million in Q3 2024 [5][7][20] - Adjusted EBITDA rose to $34.2 million, reflecting a 12.6% increase from $30.4 million in the previous year, with an adjusted EBITDA margin of 10.6% [5][8][22] - Net income for Q3 2025 was $17.6 million, up from $14.8 million in Q3 2024, resulting in diluted earnings per share of $0.83 compared to $0.71 [5][8][20] Business Segments - Executive Search segment net revenue increased by 17.0% to $239.1 million, driven by growth in the Americas (20.8%) and Europe (18.0%), while Asia Pacific saw a decline of 3.9% [9][22] - On-Demand Talent segment net revenue grew by 10.1% to $50.9 million [10][22] - Heidrick Consulting segment net revenue increased by 17.6% to $32.8 million [11][22] Dividend Declaration - The Board of Directors declared a cash dividend of $0.15 per share for Q3 2025, payable on November 26, 2025 [4][5] Take Private Transaction - Heidrick & Struggles announced a definitive agreement to become a private company at $59.00 per share, led by Advent International and Corvex Private Equity [3][4]