The following is a summary of the Huron Consulting Group Inc. (HURN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 2024 Revenue Before Reimbursable Expenses (RBR) was $370 million, up 3.3% from $358.2 million in the same quarter of 2023.

• Adjusted EBITDA for Q3 2024 was $54.9 million or 14.8% of RBR, improving from $48 million or 13.4% of RBR in Q3 2023.

• Net income for Q3 2024 was $27.1 million or $1.47 per diluted share, compared to $21.5 million or $1.10 per diluted share in Q3 2023.

• Adjusted diluted earnings per share increased by 21% to $1.68 from $1.39 in the prior year quarter.

Business Progress:

• Huron experienced strong sales conversion across all three operating segments in Q3, achieving the highest quarterly bookings company-wide in its history.

• The company's Healthcare and Education segments continued their consistent growth, driven by demand in managed services, digital offerings, and an expanded portfolio.

• Commercial segment RBR declined 3% year-over-year, but showed a 12% sequential growth, indicating recovery in digital offerings.

Opportunities:

• Given the consistent demand across the Healthcare and Education segments, along with anticipated stability in the Commercial Digital area, there is potential for greater growth in 2025.

Risks:

• The company faces challenges related to project delays and competitive pressures in achieving its enrollment and revenue targets, especially in the Education segment.

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