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Heidrick & Struggles Announces First Quarter 2020 Results

Heidrick & Struggles International, Inc. (HSII) 
Last heidrick & struggles international, inc. earnings: 4/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: heidrick.com
Company Research Source: PR Newswire
CHICAGO, April 27, 2020 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII), today announced financial results for its first quarter ended March 31, 2020. First Quarter Highlights:Net revenue of $171.5 million was in-line with record year-ago results of $171.6 million Operating income grew 10.7% to $18.2 million compared to $16.4 million in 2019 Adjusted EBITDA grew 14.6% over prior year period to $23.6 million Operating margin expanded 100 basis points to 10.6% compared to 9.6% in last year's first quarter Adjusted EBITDA margin expanded 180 basis points to 13.8% over prior year period General and administrative expense, as a percent of net revenue, improved 120 basis points to 18.8% from 20.0% in the prior year period "We generated revenue in the upper half of our guidance range and effectively managed expenses, driving strong operating income growth of 11%. Our team continued to deliver solid results, despite the onset of the COVID-19 pandemic and typical season Show less Read more
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