HURN - Huron Consulting Group Inc. (HURN) Q1 2024 Earnings Call Transcript

2024-04-30 23:35:25 ET

Huron Consulting Group Inc. (HURN)

Q1 2024 Earnings Conference Call

April 30, 2024, 05:00 PM ET

Company Participants

Mark Hussey - CEO and President

John Kelly - CFO

Conference Call Participants

Andrew Nicholas - William Blair and Company

Tobey Sommer - Truist Securities

William Sutherland - Benchmark

Kevin Steinke - Barrington Research Associates

Moshe Katri - Wedbush Securities

Presentation

Operator

Good afternoon, and welcome to Huron Consulting Group's Webcast to Discuss Financial Results for the First Quarter 2024. [Operator Instructions] As a reminder, this conference call is being recorded.

Before we begin, I would like to point all of you to the disclosure at the end of the company's news release for information about any forward-looking statements that may be made or discussed on this call. The news release is posted on Huron's website. Please review that information along with the filings with the SEC for a disclosure of factors that may impact subjects discussed in this afternoon's webcast.

The company will be discussing one or more non-GAAP financial measures. Please look at the earnings release and on Huron's website for all of the disclosures required by the SEC, including reconciliations to the most comparable GAAP numbers.

And now I would like to turn the call over to Mark Hussey, Chief Executive Officer and President of Huron Consulting Group. Mr. Hussey, please go ahead.

Mark Hussey

Good afternoon, and welcome to Huron Consulting Groups first quarter 2024 earnings call. With me today are John Kelly, our Chief Financial Officer; and Ronnie Dale, our Chief Operating Officer.

Our first quarter revenue - I'm sorry, our first quarter results reflect our ongoing focus on achieving consistent revenue growth and margin expansion. Revenues grew 12% over the first quarter of 2023, driven by strong growth in our healthcare segment as well as continued growth in our education segment, which furthers the segment's multiyear growth trajectory. Our strong growth in the first quarter of 2023 was achieved on top of strong growth in the year-ago quarter, with Q1 of 2023 growth of 22% over the first quarter of 2022....

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