Heidrick & struggles reports third quarter 2023 results

Quarterly revenue of $263m, 3% year over year growth 13th consecutive quarter of double-digit adjusted ebitda margin chicago , oct. 25, 2023 /prnewswire/ -- today heidrick & struggles international, inc. (nasdaq: hsii) ("heidrick & struggles", "heidrick" or the "company") announced financial results for its third quarter ended september 30, 2023. third quarter highlights: net revenue of $263.2 million increased 3% year over year operating income of $22.1 million increased $8.6 million sequentially and operating margin was 8.4% adjusted operating income of $22.1 million increased $1.3 million sequentially and adjusted operating margin was 8.4% adjusted ebitda of $32.3 million decreased $4.1 million sequentially and adjusted ebitda margin was 12.3% net income was $15.0 million and diluted earnings per share was $0.73 "we are very pleased with our third quarter results, posting year over year revenue growth and another double-digit adjusted ebitda margin quarter despite ongoing macro uncertainty," stated heidrick & struggles' president and chief executive officer, krishnan rajagopalan.
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