Heidrick & struggles reports second quarter 2023 results

13% sequential revenue growth including 10% organic maintains strong balance sheet post-acquisitions of atreus and businessfourzero chicago , july 31, 2023 /prnewswire/ -- today heidrick & struggles international, inc. (nasdaq: hsii) ("heidrick & struggles", "heidrick" or the "company") announced financial results for its second quarter ended june 30, 2023. second quarter highlights: net revenue of $271.2 million increased 13% sequentially, 10% organically operating income of $13.6 million decreased $4.2 million sequentially and operating margin was 5.0% adjusted operating income of $20.8 million increased 17% sequentially and adjusted operating margin was 7.7% adjusted ebitda of $36.4 million increased 33% sequentially and adjusted ebitda margin was 13.4% net income was $9.0 million and diluted earnings per share was $0.44; adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73 "we are very pleased with the second quarter results which included the first full quarter of results from our recent acquisition of atreus group ("atreus") in our on-demand talent segment, as well as the results from businessfourzero ("b4z") in our heidrick consulting segment.
HSII Ratings Summary
HSII Quant Ranking