Huron Consulting Group Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Huron Consulting Group Inc. has filed its 2023 10-K report detailing financial performance and operational data.</b>

AI Summary

Huron Consulting Group Inc. (HURN) filed a Annual Report (10-K) with the SEC on February 27, 2024. Huron Consulting Group Inc. filed its 2023 Form 10-K on February 27, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 550 West Van Buren Street, Chicago, IL 60607. Huron Consulting Group Inc. is classified under SIC code 8742 for Management Consulting Services. The filing includes data related to common stock, treasury stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income for fiscal years 2020-2023.

Why It Matters

For investors and stakeholders tracking Huron Consulting Group Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Huron's financial health and operational activities for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The detailed financial data, including equity components and segment information, allows stakeholders to analyze trends, evaluate management's strategies, and make informed investment decisions.

Risk Assessment

Risk Level: medium — Huron Consulting Group Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. While it contains detailed financial information, it does not inherently signal immediate high risk or reward without further analysis of the specific financial metrics and narrative sections.

Analyst Insight

Review the detailed financial statements and management discussion and analysis within the 10-K to identify key performance indicators, growth drivers, and potential risks for Huron Consulting Group Inc.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-02-27 — Filing Date (The date the 10-K was filed.)
• 2023-01-01 — Fiscal Year Start (The start date of the reporting period.)

Key Players & Entities

• Huron Consulting Group Inc. (company) — Filer of the 10-K report.
• 550 West Van Buren Street, Chicago, IL 60607 (company) — Business and mailing address.
• 8742 (company) — Standard Industrial Classification code for Management Consulting Services.

FAQ

Industry Context

Huron Consulting Group Inc. operates within the management consulting services industry, providing a range of advisory and implementation services to clients.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file annual reports on Form 10-K.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and balance sheet health.
2. Examine any disclosed risk factors or legal proceedings for potential impacts on the business.
3. Review executive compensation details to understand management incentives.

Key Dates

• 2024-02-27: 10-K Filing — Official filing of the annual report for fiscal year 2023.

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share HURN NASDAQ Global Select Mar

Filing Documents

• hurn-20231231.htm (10-K) — 2155KB
• hurn20231231exhibit1025.htm (EX-10.25) — 170KB
• hurn20231231exhibit211.htm (EX-21.1) — 12KB
• hurn20231231exhibit231.htm (EX-23.1) — 2KB
• hurn20231231exhibit311.htm (EX-31.1) — 12KB
• hurn20231231exhibit312.htm (EX-31.2) — 13KB
• hurn20231231exhibit321.htm (EX-32.1) — 8KB
• hurn20231231exhibit322.htm (EX-32.2) — 8KB
• hurn20231231exhibit971.htm (EX-97.1) — 32KB
• 0001289848-24-000036.txt (&nbsp;) — 11924KB
• hurn-20231231.xsd (EX-101.SCH) — 71KB
• hurn-20231231_cal.xml (EX-101.CAL) — 82KB
• hurn-20231231_def.xml (EX-101.DEF) — 431KB
• hurn-20231231_lab.xml (EX-101.LAB) — 1018KB
• hurn-20231231_pre.xml (EX-101.PRE) — 737KB
• hurn-20231231_htm.xml (XML) — 1807KB

Risk Factors

Item 1A. Risk Factors 6

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 18

Cybersecurity

Item 1C. Cybersecurity 18

Properties

Item 2. Properties 19

Legal Proceedings

Item 3. Legal Proceedings 19

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 19 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19

[Reserved]

Item 6. [Reserved] 20

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 38

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 39

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 39

Controls and Procedures

Item 9A. Controls and Procedures 39

Other Information

Item 9B. Other Information 40

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 40 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 40

Executive Compensation

Item 11. Executive Compensation 40

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 41

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 41

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 41 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 42

Form 10-K Summary

Item 16. Form 10-K Summary 44

SIGNATURES

SIGNATURES 45 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS In this Annual Report on Form 10-K, unless the context otherwise requires, the terms "Huron," "Company," "we," "us" and "our" refer to Huron Consulting Group Inc. and its subsidiaries.

BUSINESS

ITEM 1. BUSINESS. OVERVIEW Huron is a global professional services firm that partners with clients to develop growth strategies, optimize operations and accelerate digital transformation, including using an enterprise portfolio of technology, data and analytics solutions, to empower clients to own their future. By collaborating with clients, embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. We are headquartered in Chicago, Illinois, with additional locations in the United States and abroad in Canada, India, Singapore and Switzerland. OUR STRATEGY The combination of our deep industry expertise and breadth of our offerings is the foundation of our growth strategy and why our clients choose Huron as their trusted advisor. Key focus areas of our growth strategy include: Accelerating Growth in Healthcare and Education: Huron has leading market positions in healthcare and education, providing comprehensive offerings to the largest health systems, academic medical centers, colleges and universities, and research institutes in the United States. Growing Presence in Commercial Industries: Huron's commercial industry focus has increased the diversification of the Company's portfolio and end markets while expanding the range of capabilities it can deliver to clients, providing new avenues for growth and an important balance to its healthcare and education focus. Rapidly Growing Global Digital Capability: Huron's ability to provide a broad portfolio of digital offerings that support the strategic and operational needs of its clients is at the foundation of the Company's strategy. Huron will continue to advance its integrated digital platform to support its strong growth trajectory. Solid Foundation for Margin Expansion: The Company is well-positioned to achieve consistent margin expansion as well as strong annual adjusted diluted earnings per share growth. We are committ

View Full Filing

View this 10-K filing on SEC EDGAR