Huron Consulting Group Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
HURN$166.47+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Other Comprehensive Income
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS)
(In thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Revenues before reimbursable expenses | $370,049 | $358,178 | $1,097,664 | $1,022,832 |
| Reimbursable expenses | 8,040 | 9,288 | 24,827 | 25,918 |
| Total revenues | 378,089 | 367,466 | 1,122,491 | 1,048,750 |
| Operating expenses: | ||||
| Direct costs (exclusive of depreciation and amortization included below) | 247,849 | 244,774 | 749,757 | 708,355 |
| Reimbursable expenses | 8,135 | 9,497 | 25,146 | 26,242 |
| Selling, general and administrative expenses | 70,375 | 64,361 | 214,485 | 190,857 |
| Other gains, net | (173) | (14) | (14,522) | (202) |
| Restructuring charges | 3,137 | 5,402 | 7,530 | 9,385 |
| Depreciation and amortization | 6,321 | 6,104 | 18,326 | 18,621 |
| Total operating expenses | 335,644 | 330,124 | 1,000,722 | 953,258 |
| Operating income | 42,445 | 37,342 | 121,769 | 95,492 |
| Other income (expense), net: | ||||
| Interest expense, net of interest income | (6,800) | (5,047) | (19,894) | (15,146) |
| Other income (expense), net | 1,936 | (1,000) | 5,361 | 1,781 |
| Total other expense, net | (4,864) | (6,047) | (14,533) | (13,365) |
| Income before taxes | 37,581 | 31,295 | 107,236 | 82,127 |
| Income tax expense | 10,432 | 9,779 | 24,599 | 22,480 |
| Net income | $27,149 | $21,516 | $82,637 | $59,647 |
| Earnings per share: | ||||
| Net income per basic share | $1.53 | $1.15 | $4.61 | $3.15 |
| Net income per diluted share | $1.47 | $1.10 | $4.43 | $3.05 |
| Weighted average shares used in calculating earnings per share: | ||||
| Basic | 17,754 | 18,770 | 17,945 | 18,941 |
| Diluted | 18,471 | 19,475 | 18,672 | 19,578 |
| Comprehensive income (loss): | ||||
| Net income | $27,149 | $21,516 | $82,637 | $59,647 |
| Foreign currency translation adjustments, net of tax | 900 | (662) | (103) | (283) |
| Unrealized gain (loss) on investment, net of tax | (443) | (1,350) | (8,208) | 3,076 |
| Unrealized loss on cash flow hedging instruments, net of tax | (4,716) | (368) | (4,770) | (234) |
| Other comprehensive income (loss) | (4,259) | (2,380) | (13,081) | 2,559 |
| Comprehensive income | $22,890 | $19,136 | $69,556 | $62,206 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.