Heidrick and Struggles

Q1 2023 results

Quarterly results

Heidrick & Struggles International (Nasdaq: HSII) released first quarter financial results ending March 31, 2023.

Looking at everything reveals net income of $15.6 million and diluted earnings per share of $0.76

"We continued to advance our diversification strategy with the acquisition of businessfourzero to augment our Heidrick Consulting offering, as well as the ongoing integration of Atreus into our On-Demand Talent platform," declared Heidrick & Struggles' President and Chief Executive Officer, Krishnan Rajagopalan.

The Company had 432 Executive Search consultants at March 31, 2023, compared to 394 at March 31, 2022. Productivity, as measured by annualized Executive Search net revenue per consultant, was $1.8 million compared to $2.5 million in the 2022 first quarter, reflecting a higher number of consultants combined with lower revenue. Average revenue per executive search was approximately $124,000, flat with the prior year period. The number of search confirmations decreased 21.8% compared to the year-ago period.

SOURCE Heidrick & Struggles International, Inc.