Heidrick & Struggles International Inc. on Oct. 31 announced financial results for its third quarter ended Sept. 30, 2012. Consolidated net revenue was $117.3 million in the third quarter, down 17.5% from $142.2 million in the 2011 third quarter, or approximately 15% on a constant currency basis. Exchange rate fluctuations negatively impacted net revenue by $3.1 million. Year over year, net revenue declined 5.8% in the Americas.
Net revenue in the Americas for the third quarter of 2012 was $72.4 million, compared with $76.9 million for the same period in 2011. Operating income for the Americas unit was $21.3 million, compared with $17.9 million for the third quarter of 2011.
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