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View All NewsCaldwell Partners revenue edges up 2%
The Caldwell Partners (TSX: CWL.TO), a Toronto-based executive search firm with operations in Canada, the US and Europe, reported revenue rose 2.4% year over year to C$15.8 million (US$12.1 million) in its fiscal fourth quarter ended Aug. 31.
| (C$ 000s) | Q4 2016 | Q4 2015 | % growth | Q4 2016 (USD $000s) | |
| Revenue | $15,776 | $15,404 | 2.4% | — | $12,092 |
| Net earnings | -$57 | $650 | nm | — | -$44 |
Quote
“We are pleased with the manner in which we weathered several challenges this fiscal year, including investments in our UK operation and a 25% decline in year-over-year professional fees in Canada due to weakness in the Canadian financial services and oil and gas industries,” said CEO John Wallace. “The staffing alignment, real estate relocation and cost reduction initiatives we implemented, coupled with revenue strengthening seen in Q4, have us well-positioned for a strong 2017.”
Full fiscal-year results
| FY 2016 (C$000s) | FY 2015 (C$000s) | % growth | FY 2016 (USD $000s) | ||
| Revenue | $58,748 | $54,527 | 7.7% | — | $45,031 |
| Net earnings | $881 | $1,976 | -55.4% | — | $675 |
Share price and market cap
Shares in Caldwell Partners fell 1.11% to C$0.89 in early afternoon trading today and the company has a market cap of C$17.92 million, according to Yahoo.