Heidrick & struggles reports fourth quarter and full year 2023 results

2023 annual net revenue exceeds $1 billion for third consecutive year record annual net revenue for on-demand talent and heidrick consulting chicago , feb. 26, 2024 /prnewswire/ -- today heidrick & struggles international, inc. (nasdaq: hsii) ("heidrick & struggles", "heidrick" or the "company") announced financial results for its fourth quarter and year ended december 31, 2023. fourth quarter highlights: net revenue of $253.2 million increased 7% year over year adjusted ebitda of $35.8 million increased 38% year over year adjusted ebitda margin was 14.1%, 310 bps improvement year over year net income was $14.9 million and diluted earnings per share was $0.72 fy 2023 highlights: net revenue of $1,026.9 million decreased 4% year over year adjusted ebitda of $125.6 million increased 4% year over year adjusted ebitda margin was 12.2%, 90 bps improvement year over year adjusted net income was $60.5 million and adjusted diluted earnings per share was $2.91 "we are very pleased with how we finished the year and what is reflected by our fourth quarter results, having delivered solid year over year growth in both revenue and adjusted ebitda," stated heidrick & struggles' president and chief executive officer, krishnan rajagopalan.
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