Financial Performance - Heidrick & Struggles reported quarterly net revenue of $283.6 million, which on a constant currency basis, was $286.8 million for the first quarter[26] - The company's adjusted EBITDA was $29.1 million with an adjusted EBITDA margin of 10.3% for the first quarter[26] - Net income for the first quarter was $13.3 million, with an adjusted net income of $14.2 million[26] - Diluted earnings per share were $0.62 for the first quarter, and adjusted diluted earnings per share were $0.67[26] Segment Performance - Executive Search experienced a 5.9% year-over-year revenue growth, or 7.0% on a constant currency basis, with an adjusted EBITDA margin of 24.5%[30] - On-Demand Talent saw a 12.4% year-over-year revenue growth, or 14.3% on a constant currency basis, with an adjusted EBITDA margin of 0.9%[30] - Heidrick Consulting's revenue grew by 6.8% year-over-year, or 7.8% on a constant currency basis, with an adjusted EBITDA margin loss of 7.6%[30] Operational Highlights - Executive Search saw a 1% year-over-year increase in consultant headcount and a 5% year-over-year increase in confirmation volume[54] - Available cash and marketable securities for the quarter ending March 31, 2025, were $232.2 million[59] Strategic Focus - The company is targeting 'through cycle' consolidated organic revenue growth of 4-6% and organic adjusted EBITDA growth of 5-8% per year[23]