The Caldwell partners’ income up 5.6%, CEO notes ‘financial uncertainty’ in US and UK

January 11 2019

The Caldwell partners international Inc. (TSX: CWL), a Toronto-based mostly govt search company, said salary rose 5.6% in its fiscal first quarter ended Nov. 30. youngsters, the company noted constructing headwinds.

(C$ 000s) Q1 2019 Q1 2018 % growth   Q1 2019 (USD $000s) salary $15,892 $15,049 5.6%   $11,968 internet income after tax $211 $410 -48.5%   $159

revenue rose in Canada and Europe however fell within the US.

salary by means of geography (C$ 000s) Q1 2019 Q1 2018 % boom   Q1 2019 (USD $000s) Canada $4,427 $3,725 18.8%   $3,334 United Sates $eleven,234 $eleven,545 -2.7%   $8,460 Europe $477 $44 nm   $359 Quote

“even though we delivered a rise in income over last yr, we did event constructing headwinds in opposition t recent boom tendencies,” CEO John Wallace stated. “There become a softening to our normal search market in the latter a part of the primary quarter and early into the 2d quarter, as financial uncertainty in the U.S. and united kingdom gave pause to many of our shoppers. while a number of our clients have expressed optimism that search roles will subsequently be stuffed, we're uncertain at this juncture as to timing.”

Share expense and market cap

The Caldwell partners’ shares had been down 12.24% to $1.29 at 1:02 p.m. eastern time; the company had a market cap of $29.99 million, in accordance with ft.com.