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Huron Consulting Group Announces Fourth Quarter And Full Year 2013 Financial Results

Huron Consulting Group Inc. (NASDAQ: HURN):

Fourth Quarter 2013 Highlights:
  • Record quarterly revenues in Q4 2013 were $211.3 million, an increase of 16.9%, compared to $180.8 million in Q4 2012.
  • Operating income for Q4 2013 increased 6.8% to $36.9 million compared to $34.5 million in Q4 2012.
  • Adjusted EBITDA (7), a non-GAAP measure, increased 8.9% to $44.6 million in Q4 2013 compared to $41.0 million in Q4 2012.
  • Diluted earnings per share from continuing operations for Q4 2013 rose 15.7% to $0.96 compared to $0.83 in Q4 2012.
  • Adjusted diluted earnings per share from continuing operations (7), a non-GAAP measure, rose 16.7% to $1.05 in Q4 2013 compared to $0.90 in Q4 2012.

Full Year 2013 Highlights and 2014 Guidance:
  • Revenues for full year 2013 increased 15.1% to $720.5 million compared to $626.0 million for full year 2012.
  • Diluted earnings per share from continuing operations for full year 2013 rose 81.4% to $2.92 compared to $1.61 for full year 2012.
  • Adjusted diluted earnings per share from continuing operations (7), a non-GAAP measure, rose 26.5% to $2.96 in 2013 compared to $2.34 in 2012.
  • The Company provides 2014 full year revenue guidance in a range of $765.0 million to $795.0 million.

Executive Appointment and $50 Million Share Repurchase Program:
  • C. Mark Hussey, currently Chief Financial Officer, will also assume the role of Chief Operating Officer.
  • Board authorizes $50 million share repurchase program.

Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced its financial results for the fourth quarter and full year ended December 31, 2013.

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