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Heidrick & Struggles Reports Fourth Quarter and 2011 Financial Results

Heidrick & Struggles International Inc. News Release (02/28/12)

Heidrick & Struggles International Inc. today announced financial results for its fourth quarter and year ended Dec. 31, 2011. The company reported 2011 net revenue of $527.8 million, a 7.0% increase over the previous year, with the Americas region up 12.1%. Consolidated net revenue was $127.2 million in the fourth quarter, the same as in the 2010 fourth quarter. Year over year, net revenue increased 4.3% in the Americas for the quarter.

The net loss was $4.1 million for the quarter, compared with net income of $5.2 million reported for the fourth quarter in 2010. The reported net loss for 2011 was $33.7 million, compared with net income of $7.5 million reported for 2010.