Latest news with #Huron
Business Wire
5 hours ago
- Business
- Business Wire
Huron Amends and Extends Senior Secured Credit Facility
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced the successful refinancing and expansion of its senior secured credit facility. Among other items, the amended and restated credit facility: Extends the maturity date from November 2027 to July 2030 Increases borrowing capacity to $1.1 billion, consisting of a $700 million Revolving Credit Facility and $400 million Term Loan A Improves pricing and flexibility to enable Huron's balanced approach to capital deployment in support of its refreshed strategy and financial goals 'With our commitment to delivering shareholder value, we are focused on investing organically and executing our balanced capital deployment strategy to achieve our medium-term financial goals,' said John D. Kelly, chief financial officer of Huron. 'This amended and restated credit facility further strengthens our balance sheet and provides the flexibility to execute on our capital deployment priorities: returning capital to shareholders while maintaining our target leverage ratio and completing programmatic tuck-in acquisitions.' 'We're pleased with the successful extension, expansion, and repricing of our senior secured credit facility and the strong backing from our lenders, which resulted in oversubscribed demand. The support from Bank of America, JPMorgan Chase Bank, N.A. and PNC Bank, National Association, as well as our full syndicate of lenders, reflects their continued confidence in Huron, our financial strength, and our strategic direction,' added Kelly. Additional details regarding the amended credit facility will be included in Huron's forthcoming Current Report on Form 8-K to be filed with the Securities and Exchange Commission. The Form 8-K will be available on Huron's website at when filed. ABOUT HURON Huron is a global professional services firm that collaborates with clients to put possible into practice by creating sound strategies, optimizing operations, accelerating digital transformation, and empowering businesses and their people to own their future. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. Learn more at Statements in this press release that are not historical in nature, including those concerning the company's current expectations about its future results, are "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as "may," "should," "expects," "provides," "anticipates," "assumes," "can," "will," "meets," "could," "likely," "intends," "might," "predicts," "seeks," "would," "believes," "estimates," "plans," "continues," "goals," "guidance," or "outlook," or similar expressions. These forward-looking statements reflect the company's current expectations about future requirements and needs, results, levels of activity, performance, or achievements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: failure to achieve expected utilization rates, billing rates, and the necessary number of revenue-generating professionals; inability to expand or adjust our service offerings in response to market demands; our dependence on renewal of client-based services; dependence on new business and retention of current clients and qualified personnel; failure to maintain third-party provider relationships and strategic alliances; inability to license technology to and from third parties; the impairment of goodwill; various factors related to income and other taxes; difficulties in successfully integrating the businesses we acquire and achieving expected benefits from such acquisitions; risks relating to privacy, information security, and related laws and standards; and a general downturn or volatility in market conditions. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including, among others, those described under "Item 1A. Risk Factors" in Huron's Annual Report on Form 10-K for the year ended December 31, 2024 that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. The company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
Business Wire
5 hours ago
- Business
- Business Wire
Huron Acquires Global Financial Services Consulting Firm Treliant
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced it has acquired Treliant, LLC, a leading advisory and managed services partner to the financial services industry. This acquisition expands Huron's Commercial segment offerings and enhances the firm's ability to help financial institutions navigate today's increasingly complex macroeconomic and regulatory environment. 'We are excited to welcome Treliant to the Huron team as we advance our strategy to grow Huron's financial services capabilities and deliver even greater value to our clients,' said Mark Hussey, chief executive officer and president of Huron. 'Combining Treliant's deep industry expertise and capabilities with Huron's digital solutions creates a powerful platform to help financial institutions manage risk, comply with regulations, and modernize operations in an increasingly complex environment.' Treliant brings decades of specialized expertise in areas such as risk management, compliance, operations, financial crimes, fraud, capital markets, and data and analytics. In addition, their global footprint strengthens Huron's ability to serve clients across key European markets and to provide managed services globally. 'Over the last twenty years, we've built a firm that is trusted in the financial services industry to deliver deep expertise, balanced approaches, and measurable results,' said David Samuels, chief executive officer of Treliant. 'Joining Huron enables us to scale and significantly expand our global advisory, managed services, and staffing solutions. The combination of these solutions with Huron's digital transformation capabilities will allow our combined teams to drive even greater impact at our financial services clients. Huron is the perfect home for Treliant, sharing the same values and a commitment to our people, in support of delivering innovative solutions that produce transformative results for clients.' Treliant will be included in Huron's Commercial operating segment within its consulting and managed services capabilities. Terms of the acquisition were not disclosed. ABOUT HURON Huron is a global professional services firm that collaborates with clients to put possible into practice by creating sound strategies, optimizing operations, accelerating digital transformation, and empowering businesses and their people to own their future. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. Learn more at Statements in this press release that are not historical in nature, including those concerning the company's current expectations about its future results, are "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as "may," "should," "expects," "provides," "anticipates," "assumes," "can," "will," "meets," "could," "likely," "intends," "might," "predicts," "seeks," "would," "believes," "estimates," "plans," "continues," "goals," "guidance," or "outlook," or similar expressions. These forward-looking statements reflect the company's current expectations about future requirements and needs, results, levels of activity, performance, or achievements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: failure to achieve expected utilization rates, billing rates, and the necessary number of revenue-generating professionals; inability to expand or adjust our service offerings in response to market demands; our dependence on renewal of client-based services; dependence on new business and retention of current clients and qualified personnel; failure to maintain third-party provider relationships and strategic alliances; inability to license technology to and from third parties; the impairment of goodwill; various factors related to income and other taxes; difficulties in successfully integrating the businesses we acquire and achieving expected benefits from such acquisitions; risks relating to privacy, information security, and related laws and standards; and a general downturn or volatility in market conditions. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including, among others, those described under "Item 1A. Risk Factors" in Huron's Annual Report on Form 10-K for the year ended December 31, 2024 that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. The company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
Yahoo
2 days ago
- Business
- Yahoo
Earnings To Watch: Huron (HURN) Reports Q2 Results Tomorrow
Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting results this Thursday after the bell. Here's what to look for. Huron beat analysts' revenue expectations by 0.8% last quarter, reporting revenues of $404.1 million, up 11.2% year on year. It was a strong quarter for the company, with a solid beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is Huron a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Huron's revenue to grow 8.7% year on year to $414.2 million, improving from the 7.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.79 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Huron has missed Wall Street's revenue estimates three times over the last two years. Looking at Huron's peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FTI Consulting posted flat year-on-year revenue, beating analysts' expectations by 3.4%, and Concentrix reported revenues up 1.5%, topping estimates by 1.2%. FTI Consulting traded up 3.9% following the results while Concentrix was down 6.3%. Read our full analysis of FTI Consulting's results here and Concentrix's results here. Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Huron is down 2.2% during the same time and is heading into earnings with an average analyst price target of $170.75 (compared to the current share price of $134.54). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
2 days ago
- Business
- Yahoo
Earnings To Watch: Huron (HURN) Reports Q2 Results Tomorrow
Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting results this Thursday after the bell. Here's what to look for. Huron beat analysts' revenue expectations by 0.8% last quarter, reporting revenues of $404.1 million, up 11.2% year on year. It was a strong quarter for the company, with a solid beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is Huron a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Huron's revenue to grow 8.7% year on year to $414.2 million, improving from the 7.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.79 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Huron has missed Wall Street's revenue estimates three times over the last two years. Looking at Huron's peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FTI Consulting posted flat year-on-year revenue, beating analysts' expectations by 3.4%, and Concentrix reported revenues up 1.5%, topping estimates by 1.2%. FTI Consulting traded up 3.9% following the results while Concentrix was down 6.3%. Read our full analysis of FTI Consulting's results here and Concentrix's results here. Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Huron is down 2.2% during the same time and is heading into earnings with an average analyst price target of $170.75 (compared to the current share price of $134.54). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
4 days ago
- Automotive
- CTV News
Crash closes Highway 4 near Hensall
Huron OPP have closed Highway 4 from Hurondale Road to Walper Road in Hensall due to a collision. OPP say two vehicles were involved in the crash. Drivers are asked to avoid the area at this time. No further details, including what injuries were sustained, are available at this time. This is an ongoing story.
