UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_____________________
FORM
8–K
CURRENT
REPORT
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PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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March 27,
2008
Date of
Report (Date of earliest event reported)
_____________________
Huron
Consulting Group Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-50976
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01-0666114
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation or organization)
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File
Number)
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Identification
Number)
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550
West Van Buren Street
Chicago,
Illinois
60607
(Address
of principal executive offices)
(Zip
Code)
(312)
583-8700
(Registrant’s
telephone number, including area code)
_____________________
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written communications pursuant
to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01. Other
Events.
On March 27, 2008, Huron
Consulting Group Inc. issued a press release announcing estimated preliminary
financial results for the first quarter which will end March 31,
2008. A copy of the press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K and is incorporated in this report as if fully
set forth herein.
Item
9.01. Financial
Statements and Exhibits.
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(d)
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Exhibits
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99.1 Press
release, dated March 27, 2008
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- 1
- -
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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Huron
Consulting Group Inc.
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(Registrant)
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Date:
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March
28, 2008
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/s/
Gary L. Burge
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Gary
L. Burge
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Vice
President,
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Chief
Financial Officer and Treasurer
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- 2
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EXHIBIT
INDEX
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Exhibit
Number
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Description
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99.1
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Press
release, dated March 27,
2008
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EXHIBIT
99.1
[Huron
Consulting Group Logo]
News
FOR
IMMEDIATE RELEASE
March
27, 2008
Huron
Consulting Group Announces
Preliminary
First Quarter 2008 Financial Results
Company
to Release Final First Quarter Results and
Host
Conference Call on May 6
CHICAGO –
March 27, 2008 - Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider
of financial and operational consulting services, today announced estimated
preliminary financial results for the first quarter which will end March 31,
2008.
Based on
preliminary financial data for the quarter to date and subject to the final
closing of the Company’s books and review of first quarter results by the
Company’s independent auditors, Huron expects first quarter 2008 revenues before
reimbursable expenses to be in a range of $138 million to $140 million, which is
lower than previously provided guidance of $142 million to $147 million. The
Company anticipates diluted earnings per share in a range of $0.50 to $0.57,
which is lower than previously provided guidance of $0.66 to $0.70. The
shortfalls in revenues and EPS are primarily attributable to continuing weakness
in the Company’s Financial Consulting segment.
“While we
are disappointed in the results of our Financial Consulting segment in the first
quarter, we remain optimistic that this segment will regain momentum. The
continuing turmoil in the financial markets should translate into an increasing
level of investigations and litigation over the next 12 to 18 months,” said Gary
E. Holdren, chairman and chief executive officer, Huron Consulting Group.
Huron’s Financial Consulting segment represented 31% of the Company’s revenues
in 2007.
“All of
Huron’s businesses, including Financial Consulting, remain fundamentally strong
and are positioned to meet our future growth expectations. We think it is
important to keep in mind that first quarter results will show an approximate
20% revenue growth rate year over year,” added Holdren.
“We will
continue our successful track record of helping clients meet their business
challenges and will continue to pursue growth by hiring talented professionals
and making strategic acquisitions that broaden our portfolio of services and add
to the depth of our consulting talent pool,” said Holdren. “Our outlook for the
year still includes double digit organic revenue growth rates and we will
provide further information on our first quarter results and our outlook for the
remainder of the year during our first quarter conference call.”
First
Quarter 2008 Webcast
The
Company expects to report financial results on Tuesday, May 6, 2008 and to host
a webcast to discuss its complete financial results at 11:00 a.m. Eastern Time
(10:00 a.m. Central Time). The conference call will be webcast by Thomson and
can be accessed at Huron Consulting Group’s website at www.huronconsultinggroup.com/webcasts.aspx.
A replay will be available approximately two hours after the end of the webcast
and for 90 days thereafter.
About
Huron Consulting Group
Huron
Consulting Group helps clients effectively address complex challenges that arise
in litigation, disputes, investigations, regulatory compliance, procurement,
financial distress, and other sources of significant conflict or change. The
Company also helps clients deliver superior customer and capital market
performance through integrated strategic, operational, and organizational
change. Huron provides services to a wide variety of both financially sound and
distressed organizations, including Fortune 500 companies, medium-sized
businesses, leading academic institutions, healthcare organizations, and the law
firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.
Statements
in this press release that are not historical in nature and concern Huron
Consulting Group's current expectations about the Company's future results in
2008 are "forward-looking" statements as defined in Section 21E of the
Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are identified by words such as “may,”
“should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” or
“continues.” These forward-looking statements reflect our current expectation
about our future results, levels of activity, performance or achievements,
including without limitation, that our business continues to grow at the current
expectations with respect to, among other factors, utilization rates, billing
rates, and number of revenue-generating professionals; that we are able to
expand our service offerings; that we successfully integrate the businesses we
acquire; and that existing market conditions do not change from current
expectations. These statements involve known and unknown risks, uncertainties
and other factors that may cause actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Therefore, you should not place undue reliance on
these forward-looking statements. Please see “Risk Factors” in our 2007 annual
report on Form 10-K and in other documents we file with the Securities and
Exchange Commission for a complete description of the material risks we
face.
Media
Contact:
Jennifer
Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
Investor
Contact:
Gary L.
Burge, Chief Financial Officer
312-583-8722
investor@huronconsultinggroup.com
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