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Caldwell Partners revenue up 20%

January 09, 2015

The Caldwell Partners (TSX: CWL.TO), a Toronto-based executive search firm with operations in Canada and the US, reported revenue rose 20.3 percent year over year to C$12.4 million (US$10.9 million) in its fiscal first quarter ended Nov. 30.

Caldwell in October acquired Hawksmoor Search, a London-based executive search firm targeting the insurance industry.

Quote

“Our partner and support teams continue to operate at extremely high productivity levels, and we remain focused on making targeted, strategic additions to our team,” CEO John Wallace said. “Our October 1, 2014 acquisition of London-based Hawksmoor Search Limited established our footprint into the European market and has created what we believe to be the premier insurance practice in the executive search industry.”

Revenue

  Q1 2015 (C$ 000s) Q1 2014 (C$ 000s) % growth   Q1 2015 (USD $000s)
Revenue $12,436 $10,338 20.3% $10,889

Revenue by geography

  Q1 2015 (C$ 000s) Q1 2014 (C$ 000s) % growth   Q1 2015 (USD $000s)
U.S. $8,145 $6,543 24.5% $7,132
Canada $4,256 $3,795 12.1% $3,726
Europe $36 NA   $32

Net earnings

  Q1 2015 (C$ 000s) Q1 2014 (C$ 000s) % growth   Q1 2015 (USD $000s)
Net earnings for the period $277 $393 -29.6% $243

Share price and market cap

Shares in Caldwell Partners fell 2.11 percent in early afternoon trading to C$1.39; it has a market cap of $29.19 million, according to Yahoo!