CEB Reports Fourth Quarter Results and Provides 2015 Guidance

ARLINGTON, Va.--(BUSINESS WIRE)--The Corporate Executive Board Company (“CEB” or the “Company”) (NYSE: CEB) today announced financial results for the fourth quarter and the year ended December 31, 2014. Revenue increased 7.5% to $240.1 million in the fourth quarter of 2014 from $223.4 million in the fourth quarter of 2013. Net income in the fourth quarter of 2014 was $28.6 million, or $0.84 per diluted share, compared to $12.6 million, or $0.37 per diluted share, in the same period of 2013. Included in net income for the fourth quarter of 2014 was $5.5 million of pretax net non-operating foreign currency gains. Included in net income for the fourth quarter of 2013 was $0.7 million of pretax net non-operating foreign currency losses. Adjusted net income was $43.0 million and Non-GAAP diluted earnings per share were $1.27 in the fourth quarter of 2014 compared to $28.8 million and $0.84 in the same period of 2013, respectively.