First Quarter 2025 Financial Highlights:
- Net revenue of $283.6 million increased 6.9% year over year
- Adjusted EBITDA was $29.1 million with adjusted EBITDA margin of 10.3%
- Adjusted net income was $14.2 million with adjusted diluted earnings per share of $0.67
- Q2 2025 revenue outlook between $285 million and $305 million versus $278.6 million in year-ago period
- The Board of Directors declared a $0.15 per share cash dividend
Heidrick & Struggles International, Inc. (Nasdaq: HSII) (“Heidrick & Struggles”, “Heidrick” or the “Company”), a premier provider of global leadership advisory and on-demand talent solutions, today announced financial results for its first quarter ended March 31, 2025.
“Our first quarter results exceeded the high end of our outlook, a testament to our resilient business model, our team’s intense focus, and the deep trust that clients place in Heidrick,” said Tom Monahan, CEO of Heidrick & Struggles. “When navigating economic uncertainty, we remain committed to serving as a highly strategic advisor, helping organizations turn complexity into opportunity. In addition, our new leadership team is focused on sharpening execution and ensuring our professionals have the resources to deliver exceptional results.
While mindful of current macroeconomic conditions, we know that by staying close to our clients and enabling our exceptional professionals with new tools and solutions, we can continue to engineer differentiated, deep and durable client partnerships. We are confident in our ability to create lasting value for our clients, our people and our shareholders.”
2025 First Quarter Results
Consolidated net revenue increased 6.9% to $283.6 million in the 2025 first quarter compared to consolidated net revenue of $265.2 million in the 2024 first quarter (up 8.1%, or $21.6M on a constant currency basis). The revenue increase was driven by year-over-year growth in each of the Company’s lines of business — Executive Search, On-Demand Talent, and Heidrick Consulting.
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Source: https://finance.yahoo.com/news/heidrick-struggles-delivers-7-revenue-200100345.html
