Heidrick & Struggles International, Inc. Q2 2010 Earnings Call Transcript

Heidrick & Struggles International, Inc. (HSII)

Q2 2010 Earnings Conference Call

July 27, 2010 10:00 AM ET

Executives

Julie Creed – VP, IR

Kevin Kelly – CEO

Scott Krenz – CFO

Analysts

Tim McHugh – William Blair & Company

Kelly Flynn – Credit Suisse

Mark Marcon – Robert W. Baird & Co.

Tobey Summer – SunTrust Robinson

Presentation

Operator

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Previous Statements by HSII
» Heidrick & Struggles Q1 2010 Earnings Call Transcript
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» Heidrick & Struggles International, Inc. Q4 2008 Earnings Call Transcript

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Heidrick & Struggles’ Second Quarter 2010 Conference Call. (Operator Instructions) I would now like to turn the conference over to Julie Creed. Ma’am you may begin.

Julie Creed

Good morning, everyone, and thank you for participating in our second quarter 2010 conference call. Participating with me on the call today are Kevin Kelly, our Chief Executive Officer; and, Scott Krenz, our Chief Financial Officer. As a reminder, we’ll be referring to supporting slides that are available on our website at www.heidrick.com, and we encourage you to follow along or print them.

As always we advise you that this call may not be reproduced or retransmitted without our consent. Also, we will be making forward-looking statements on today’s call and ask that you please refer to the Safe Harbor language contained in our news release and on Slide 1 of our presentation.

And now I’ll turn it over to you, Kevin.

Kevin Kelly

Thanks, Julie. Good morning and thank you for joining today’s call. We’re pleased to report very strong results for our second quarter with net revenue and operating income both exceeding in our forecast. Net revenue in the quarter of 126.1 million was up 35.4%, compared to last year’s second quarter and up 10.9% sequentially.