HURN - Huron Consulting -4% on weak margins for Q4

Huron Consulting ([[HURN]] -4.1%) reports Q4 revenue misses estimates by $1.44M to $198.4M; decrease of 14.6% Y/Y.Segment revenue: Healthcare $85.1M (-17.9% Y/Y); Business Advisory $65.9M (-4.3% Y/Y) & Education $47.3M (-20.8% Y/Y).Operating margin: Total declined 580 bps to 20.4%; Healthcare declined 230 bps to 28.3%; Business Advisory declined 790 bps to 16.3% & Education declined 880 bps to 12.1%.Adj. EBITDA declined 404 bps to 8.62%.Average number of full-time billable consultants: Total 2,626 (+1.7% Y/Y); Healthcare 834 (-6.2% Y/Y); Business Advisory 1,028 (+9.2% Y/Y) & Education 764 (+1.6% Y/Y).Number of full-time billable consultants: Total 2,608 (+1.2% Y/Y); Healthcare 820 (-7.9% Y/Y); Business Advisory 1,051 (+13% Y/Y) & Education 737 (-2.5% Y/Y).Full-time billable consultant utilization rate: Total 68%; Healthcare 65.1%; Business Advisory 71.6% & Education 66.1%.Cash flows from operating activities were $58.7M, which were primarily used to repay $48M of outstanding borrowings on the company's revolving credit facility.2021 Guidance: Revenue in a range of $830-$890M; adj. EBITDA of 10.8%-11.8% and adj. EPS of $2.25 to $2.75.Previously:

For further details see:

Huron Consulting -4% on weak margins for Q4