Huron Q2 Free Cash Flow Hits $111M, Buybacks Surge to $209M YTD
HURN sits 78% above its 52-week low of $84.875 on elevated volume (2.7× avg).
Summary
Huron generated $111.3M in free cash flow in Q2, with operating cash flow of $120.5M, and repurchased $53.1M in shares during the quarter, bringing year-to-date buybacks to $208.6M. Full-year FCF guidance of $180–220M implies continued strong cash generation. Net debt stands at $802.8M with leverage of 2.8x. The board appointment of Dr. L. Thomas Richards was previously disclosed in an 8-K, but the cash flow and buyback details are new and reinforce the strong financial position following last week's record Q2 revenue and raised guidance.
At the time of this announcement, HURN was trading at $151.03 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $84.88 to $186.78. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.