Company Profile
Huron is a global professional services firm that collaborates with clients to put possible into practice by creating sound strategies, optimizing operations and accelerating digital transformation, including using an enterprise portfolio of technology, data and analytics solutions, to empower clients to own their future.
Our focus is on serving organizations facing disruptive and regulatory change, including in our core industries of healthcare, education, financial services, energy and utilities, and the public sector. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, our 6,500 professionals use their deep industry, functional and technical expertise to drive sustainable results for the organizations we serve.
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Key Facts
(1) In the discussion of the Company’s 2023 performance, the Company discusses certain of Huron’s results of operations using non-GAAP financial measures, which are discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Annual Report on Form 10-K”), Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations under the subheading “Non-GAAP Measures.” These non-GAAP financial measures include adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted diluted earnings per share. EBITDA is defined as net income before interest, income tax expense and depreciation and amortization. Adjusted EBITDA represents EBITDA as adjusted by adding back restructuring charges, other gains and losses, transaction-related expenses, unrealized gains and losses on preferred stock investments, and foreign currency transaction gains and losses. Adjusted EBITDA margin is adjusted EBITDA expressed as a percentage of revenues before reimbursable expenses. Adjusted diluted EPS is defined as diluted earnings (loss) per share adjusted by adding back the same items as adjusted EBITDA, excluding foreign currency transaction gains and losses and including amortization of intangible assets, all on a tax effected basis.
(2) Free cash flow for the year ended December 31, 2023 is defined as operating cash flows of $135.3 million and $85.4 million, respectively, less capital expenditures of $35.2 million and $24.3 million, respectively.