March 22, 2013 – CTPartners Executive Search Inc./(NYSE:CTP) posted fourth quarter 2012 revenues of $30.2 million, an increase of 11 percent from $27.2 million a year ago. Latin America contributed $3.5 million of net revenue, offset by decreases in North America and Asia Pacific. On a GAAP basis, the net loss for the quarter was $1.5 million, or $0.21 per share. For the year, CTPartners firm posted net revenues of $128.4 million, an increase of six percent, compared to $113.7 million in 2011. “We successfully executed our strategic growth plan in 2012 and added more clients and experienced executive search consultants to our team, while expanding our geographic footprint. Excluding the non-recurring post-combination compensation charge and the reorganization charge taken in the third quarter, we generated an adjusted $0.16 in earnings per share, a significant improvement over the prior year," said Brian Sullivan, CEO. CTPartners is a global executive search firm offering expertise in technology, media and telecom, financial services, life sciences, professional services, retail, industrial and board advisory services.
Share This Article