Q2 2025 Huron Consulting Group Inc Earnings Call Transcript
Key Points
- Huron Consulting Group Inc (HURN) reported an 8% increase in revenues before reimbursable expenses (RBR) over the second quarter of 2024, achieving a record high for the business.
- The Healthcare segment saw a 6% growth in RBR, excluding the divested Studer Education, driven by strong demand for performance improvement, financial advisory, and strategy and innovation offerings.
- The Education segment achieved record RBR with a 5% increase, fueled by strong demand for strategy and operations offerings and research software products.
- The Commercial segment experienced a 28% growth in RBR, largely due to the acquisition of AXIA and strong demand for digital offerings.
- Huron Consulting Group Inc (HURN) increased its RBR guidance for 2025 to a range of $1.64 billion to $1.68 billion, reflecting a 12% increase at the midpoint compared to 2024.
- Net income for the second quarter of 2025 decreased to $19.4 million from $37.5 million in the same quarter of 2024, partly due to an $8.2 million non-cash impairment charge.
- The Healthcare segment faced slower sales conversions in digital transformation engagements, attributed to clients prioritizing immediate financial concerns.
- The passage of the One Big Beautiful Bill Act is expected to reduce Federal healthcare spending by over $1 trillion, increasing the uninsured population and financial strain on hospitals.
- The Education segment faces challenges from potential declines in enrollment and reduced Federal support for research grants and financial aid.
- Corporate expenses increased, driven by higher salaries, legal expenses, and third-party professional fees related to M&A activity.
Good afternoon. Welcome to Huron Consulting Group's webcast to discuss the results for the second quarter of 2025.
(Operator Instructions) As a reminder, this conference call is being recorded.
Before we begin, I would like to point all of you to the disclosure at the end of the company's news release for information about forward-looking statements that may be made or discussed on this call. The news release is posted on Huron's website. Please review that information, along with the filings with the SEC, for a disclosure of factors that may impact subjects discussed in this afternoon's webcast.
The company will be discussing one or more non-GAAP financial measures. Please look at the earnings release on Huron's website for all of the disclosures required by the SEC, including reconciliation to the most comparable GAAP numbers.
Now, I'd like to turn the call over to Mark Hussey, Chief Executive Officer and President of Huron Consulting Group. Mr. Hussey, please proceed.
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