Caldwell Partners Intl Inc - CWLPF STOCK NEWS

The Caldwell Partners International Inc. (TSX:CWL)(OTCQX:CWLPF) reported its fiscal 2023 fourth-quarter and full-year financial results. The company experienced a challenging year due to a significant pullback in hiring at its clients, impacting both of its businesses. Revenue for the fourth quarter was $26.1 million, representing a sequential quarterly increase of 2.3% for Caldwell's executive search segment. However, IQTalent, the on-demand talent acquisition support segment, experienced sequential and year-over-year decreases in revenue. The company incurred significant restructuring expenses, including a lease impairment charge of $8.1 million for its IQTalent Nashville office. Despite the challenges, the company remains confident in its financial flexibility, balance sheet, and future growth plans.

Talent acquisition firm Caldwell Partners announces David Windley stepping down as President of IQTalent and resigning from Caldwell Board of Directors.

Caldwell promotes Lindsay Lane to principal role in New York and Boston offices

Caldwell promotes Katherine Baker to partner in New York office

Terry Grayson-Caprio has been appointed to the board of directors of The Caldwell Partners International Inc., replacing Paul Daoust. Grayson-Caprio is a trusted business strategist and financial expert with experience leading global teams and companies through transformational change and large-scale growth. She brings valuable experience from her roles in various organizations and her 35-year tenure at KPMG. Grayson-Caprio holds a Bachelor of Science in Business Administration from Winthrop University.

The Caldwell Partners International reported its fiscal Q2 2023 results, showing significant declines in professional fees and net earnings. For the quarter ended February 28, 2023, consolidated professional fees dropped to $21,450 from $39,808 a year ago. Revenues decreased to $21,583, leading to a gross profit of $3,184, down from $9,537 in Q2 2022. The firm incurred a net loss of $2,320, with a basic EPS of $(0.090). The CEO noted a stabilization in hiring demand but at lower levels than last year, citing economic uncertainties. Additionally, IQTalent reduced staffing to balance costs with declining revenue and is set to spin off its software business to further cut expenses. The company aims for profitability this fiscal year while focusing on its service offerings.