HURN · Huron Consulting Group Inc.

Huron Consulting Group reported a record second quarter for 2026, with revenues before reimbursable expenses (RBR) reaching $465.6 million, a 15.7% increase year-over-year. Organic growth, excluding $19.5 million from acquisitions, was 10.8%, demonstrating strong underlying demand. All three operating segments posted robust growth: Healthcare RBR rose 17.4% to $232.3 million, Education increased 7.8% to $139.4 million, and Commercial surged 24.6% to $94.0 million. Net income jumped 60.8% to $31.2 million, partly aided by the absence of a prior-year impairment charge, while diluted EPS grew 75.2% to $1.91. Adjusted EBITDA increased 19.9% to $72.6 million, with margin expanding to 15.6% of RBR from 15.1%, reflecting operational leverage. Management highlighted strong utilization rates: Consulting reached 81.3% (up from 77.0%) and Digital reached 81.8% (up from 77.8%). Cash flow from operations soared 50.5% to $120.5 million in Q2, providing ample liquidity. The company returned $53.1 million to shareholders via share repurchases. Looking ahead, Huron raised its full-year 2026 RBR guidance to a range of $1.85 billion to $1.89 billion, with adjusted EBITDA margin expected between 14.5% and 15.0% and adjusted diluted EPS of $9.00 to $9.40. CEO Mark Hussey attributed the performance to strong organic growth and a robust pipeline, reinforcing confidence in the upward revision.