Heidrick & Struggles International Inc. News Release (05/09/13)
Heidrick & Struggles International Inc. reported net revenue of $103 million in the first quarter of 2013, marking a decline of 3.3% from $106.5 million in the year-ago period. The company reported a net loss of $1.2 million, compared with net income of $0.7 million in the first quarter of 2012. Net revenue in the Americas totaled $64.2 million, up 9% from $58.9 million a year ago.
The company attributed $5.6 million in revenue for the quarter to its acquisition of Senn Delaney, $92.8 million to its executive search segment, and $4.6 million to its leadership consulting business. Revenues declined in its consumer markets, industrial, global technology and services search, and leadership consulting practices, offsetting gains in its financial services, life sciences, and education and social enterprise practices.