Heidrick & struggles posts record quarterly results

Record net revenue of $299 million climbs 15% over prior year period diluted and adjusted diluted eps of $1.19; adjusted diluted eps highest in company history highest second quarter cash balance of $337 million chicago , july 25, 2022 /prnewswire/ --today heidrick & struggles international, inc. (nasdaq: hsii) ("heidrick & struggles" or the "company") announced financial results for its second quarter ended june 30, 2022. second quarter highlights: net revenue reached a record $298.7 million, an increase of 14.9% versus the prior year period operating income increased to $33.9 million, 18.0% higher than the prior year period net income and adjusted net income were $24.1 million; diluted and adjusted diluted earnings per share were $1.19; year-to-date diluted earnings per share reached a record $2.08 adjusted ebitda was $36.8 million and adjusted ebitda margin was 12.3% cash and cash equivalents was $336.6 million, 41.5% higher than at june 30, 2021 "our firm generated all-time high quarterly revenue and delivered another very strong margin performance," stated heidrick & struggles' president and chief executive officer, krishnan rajagopalan.
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