Overview

* Heidrick & Struggles ( HSII ) Q3 net revenue grows 15.9% yr/yr, driven by all business lines

* Adjusted EBITDA for Q3 beats analyst expectations, indicating strong operational performance

* Company announces take-private transaction with Advent International and Corvex Private Equity

Outlook

* Company did not provide specific future financial guidance

Result Drivers

* EXECUTIVE SEARCH GROWTH - Revenue from Executive Search increased 17% yr/yr, driven by strong performance in the Americas and Europe

* ON-DEMAND TALENT - On-Demand Talent revenue grew 10.1% yr/yr, contributing to overall revenue growth

* HEIDRICK CONSULTING - Heidrick Consulting revenue rose 17.6% yr/yr, supporting consolidated revenue increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $322.80

Revenue mln

Q3 EPS $0.83

Q3 Net $17.60

Income mln

Q3 Beat $34.20 $31.40

Adjusted mln mln (3

EBITDA Analysts

)

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)