CTPartners Executive Search Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Revenue Guidance for the First Quarter of 2015
For the year, the company reported total revenue of $176.823 million against $134.28 million a year ago. Operating income was $5.742 million against operating loss of $2.706 million a year ago. Income before income taxes was $5.476 million against loss before income taxes of $2.885 million a year ago. Net income attributable to company was $3.307 million or $0.46 basic and diluted per share against net profit attributable to company of $1.632 million or $0.23 basic and diluted per share a year ago. Adjusted net income was $5.223 million or $0.70 adjusted per share against adjusted net income of $1.818 million or $0.24 adjusted per share a year ago. Adjusted EBITDA was $11.052 million compared to $5.144 million a year ago. Net cash used in operating activities was $0.191 million against net cash provided by operating activities of $2.918 million a year ago. Purchase of leasehold improvements and equipment was $2.696 million against $1.665 million a year ago.
The company expects to report approximately $35 million in revenue during the first quarter 2015. The company stated that it has withdrawn its full year 2015 revenue guidance that was previously reported.