Caldwell Partners Posts 20 Percent Q3 Revenue Increase
July 13, 2015 – Caldwell Partners has posted third quarter revenues of $11.9 million, an increase of 20 percent from revenues during the same period a year ago. U.S. revenues increased 15 percent in the quarter to $8.4 million. Canadian revenues were up 29 percent to $3.4 million Revenues from European operations were just under $160,000. Third quarter net earnings were 36 cents per share in fiscal 2015, as compared to 30 cents per share in the comparable period a year earlier.
“These results represent the ninth consecutive quarter of year-over-year growth for Caldwell Partners, and we believe it is a result of our single-minded focus on improving both the level of service we provide our clients, and the long-term value we deliver to our shareholders,” said John N. Wallace, chief executive officer. “We have built an incredible team of partners and support staff – each renowned in their space for the depth of their knowledge, the breadth of their experience and the level of care with which they treat our clients. We will continue to expand our partner teams and our physical footprint where it allows us to strengthen the services we are able to provide to our clients on a global basis.”
Caldwell Partners’ board of directors also declared the payment of a quarterly dividend of 2.0 cents per common share payable September 14, 2015 to shareholders of record on July 20, 2015.
In recent weeks, Chicago-based DHR International has been in communication with Caldwell’s management regarding a possible acquisition of the company. To date, no agreement has been reached.
Caldwell Partners, founded in 1970, provides human capital services to its clients through offices and partners in Vancouver, San Francisco, Los Angeles, Dallas, Calgary, Chicago, Atlanta, Toronto, Stamford, New York City, and London.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media
