Business
The Caldwell Partners International Issues Fiscal 2012 Third Quarter Financial Results
Firm posts third quarter revenues 30% higher than second quarter. Third quarter operat...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\n\n\n\nFirm posts third quarter revenues 30% higher than second quarter.\n\n\nThird quarter operating income is $710k.\n\n\nBoard declares 1.5 cents per share quarterly dividend\n\n\nTORONTO, July 12, 2012 /CNW/ - Retained executive search firm The\n Caldwell Partners International Inc. (TSX: CWL) today issued its\n financial results for the fiscal 2012 third quarter ended May 31, 2012.\n All references to quarters or years are for the fiscal periods unless\n otherwise noted and all currency amounts are in Canadian dollars.\n\n\nFinancial Highlights (in $000s)\n\n\n \n\n\nThree Months Ended May 31\n\n\nNine Months Ended May 31  \n\n\n \n\n\n2012\n\n\n2011\n\n\n2012\n\n\n2011\n\n\nOperating revenue\n\n\n$9,356\n\n\n$ 9,562\n\n\n$23,847\n\n\n$24,861\n\n\nExpenses\n\n\n8,646\n\n\n9,048\n\n\n23,784\n\n\n25,223\n\n\nOperating profit (loss)\n\n\n710\n\n\n514\n\n\n$63\n\n\n(362)\n\n\nInvestment income\n\n\n1\n\n\n20\n\n\n10\n\n\n51\n\n\nNet earnings (loss) before tax\n\n\n711\n\n\n534\n\n\n$73\n\n\n($311)\n\n\nNet earnings (loss) after tax\n\n\n711\n\n\n$ 534\n\n\n25\n\n\n($311)\n\n\nNet earnings (loss) per share\n\n\n$ 0.042\n\n\n$ 0.031\n\n\n$0.001\n\n\n($0.018)\n\n\n\n\n\n\"This quarter's results were more in line with our overall expectations\n for the performance of the business,\" said John Wallace, chief\n executive officer. \"As it relates to profitability, we achieved better\n results, with strong growth on both a year-over-year and sequential\n quarter basis.\n\n\nWe are as focused as ever on improving our overall market presence and\n competitiveness, making targeted, strategic additions to the team when\n and where it makes sense. Our growth strategy has been fuelled by our\n determination to continually improve our service to clients and to\n create value for shareholders, and we believe our recent distinction as\n fastest-growing executive search firm in North America is a testament\n to this.\"\n\n\nThe Board of Directors today also declared the payment of a quarterly\n dividend of 1.5 cents per Common Share payable September 14, 2012 to\n shareholders of record on July 23, 2012.\n\n\n\n\n\nFinancial Highlights (all numbers expressed in $000s)\n\n\nOperating revenue:\n\n\nSequentially, 2012 third quarter revenues were 30% higher than those of\n the second quarter, but decreased by 2% over the comparab...