Huron Consulting Group (HURN) Tops Q2 EPS by 50c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
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Huron Announces Second Quarter 2020 Financial Results and Provides 2020 Guidance
July 30, 2020 4:05 PM EDTSECOND QUARTER 2020 HIGHLIGHTS
Revenues were $217.9 million in Q2 2020 compared to $220.8 million in Q2 2019. Net income from continuing operations increased $3.0 million, or 28.4%, to $13.6 million in Q2 2020 from $10.6 million in Q2 2019. Adjusted EBITDA(7), a non-GAAP measure, was $27.5 million in Q2 2020 compared to $29.2 million in Q2 2019. Diluted earnings per share from continuing operations increased $0.14, or 29.8%, to $0.61 in Q2 2020 from $0.47 in Q2 2019. Adjusted diluted earnings per share from continuing operations(7), a non-GAAP measure, was $0.68 in Q2 2020 compared to $0.76 in Q2 2019. Huron repaid $120.0 million of outstanding borrowings on the company's revolving credit facility during Q2 2020,... More