CEB Reports First Quarter Results and Updates 2015 Guidance

ARLINGTON, Va.--(BUSINESS WIRE)--The Corporate Executive Board Company (“CEB” or the “Company”) (NYSE: CEB) today announced financial results for the first quarter ended March 31, 2015. Revenue increased 5.8% to $221.6 million in the first quarter of 2015 from $209.4 million in the first quarter of 2014. Net income in the first quarter of 2015 was $19.1 million, or $0.56 per diluted share, compared to $7.7 million, or $0.22 per diluted share, in the same period of 2014. Included in net income for the first quarter of 2015 was $6.2 million of pretax net non-operating foreign currency gains. Included in net income for the first quarter of 2014 was $0.9 million of pretax net non-operating foreign currency losses. Adjusted net income was $24.6 million and Non-GAAP diluted earnings per share were $0.73 in the first quarter of 2015 compared to $19.1 million and $0.56 in the same period of 2014, respectively.