CTPartners (AMEX: CTP), a leading global retained executive search firm, announced today its Q1 2012 revenue and earnings per share guidance. The company expects revenue between $29 million and $31 million in Q1, the midpoint of which would be flat year over year and up 11% sequentially. Earnings per share are expected to be between a loss of $.12 and a profit of $.02.
Brian Sullivan, Chairman and CEO, said, “While January was a strong month for new project initiations, February was moderate. The Financial Services Practice, specifically Capital Markets and Investment Banking, continues to show weakness. However, we have felt a positive impact due to our Latin American acquisition and the continued ramping up of our consultants who joined us in 2011.”
CTPartners is finalizing its Q4 and full year 2011 financial results and expects to report a loss for both periods due to slower Q4 revenue, operating losses and some non-cash adjustments. The company will reiterate its 2012 full year forecast of revenue between $125 million - $140 million and an operating margin between 4-6%. Earnings are scheduled to be released March 21 st.
About CTPartnersCTPartners is a leading performance-driven executive search firm serving clients across the globe. Committed to a philosophy of partnering with its clients, CTPartners offers a proven record in C-Suite, senior executive, and board searches, as well as expertise serving private equity and venture capital firms. With origins dating back to 1980, CTPartners serves clients with a global organization of more than 400 professionals and employees, offering expertise in board advisory services and executive recruiting services in the financial services, life sciences, industrial, professional services, retail and consumer, and technology, media and telecom industries. Headquartered in New York, CTPartners has 23 offices in 15 countries. www.ctnet.com Safe Harbor Statement The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: