Huron Consulting Group Inc. (NASDAQ:HURN) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET
Company Participants
Mark Hussey - CEO and President
John Kelly - CFO
Conference Call Participants
Andrew Nicholas - William Blair and Company
Tobey Sommer - Truist Securities
Bill Sutherland - The Benchmark Company
Kevin Steinke - Barrington Research Associates
Operator
Good afternoon and welcome to Huron Consulting Group's Webcast to Discuss Financial Results for the Second Quarter 2024. At this time, all conference lines are on a listen-only mode. Later, we will conduct a question-and-answer session for our conference call participants and instructions will follow at that. 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 any 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 and on Huron's website for all of the disclosures required by the SEC, including reconciliations to the most comparable GAAP numbers.
And now I would like to turn the call over to Mark Hussey, Chief Executive Officer and President of Huron Consulting Group. Mr. Hussey, please go ahead.
Mark Hussey
Good afternoon and welcome to Huron Consulting Group's second quarter 2024 earnings call. With me today are John Kelly, our Chief Financial Officer; and Ronnie Dale, our Chief Operating Officer.
In the second quarter, we achieved record revenues, led by solid growth in our Healthcare and Education segments, and we expanded our adjusted EBITDA margin to 15%.
Our adjusted earnings per share also expanded to a record level, 20% higher than the previous high watermark established in the third quarter of last year. We generated record cash flow in the second quarter, enabling us to meaningfully reduce our debt, while returning capital to shareholders through ongoing share repurchases.
Our record second quarter results capped a strong first half performance for 2024. In the first half of 2024, revenues grew 9.5%, adjusted EBITDA margins increased 60 basis points, and adjusted diluted earnings per share increased 28% over the same period a year ago.