CEB Reports Third Quarter Results and Updates 2015 Guidance

ARLINGTON, Va.--(BUSINESS WIRE)--CEB Inc. (“CEB” or the “Company”) (NYSE: CEB) today announced financial results for the third quarter ended September 30, 2015. Revenue increased 1.3% to $231.9 million in the third quarter of 2015 from $229.0 million in the third quarter of 2014. Net income in the third quarter of 2015 was $32.0 million, or $0.95 per diluted share, compared to net income of $21.4 million, or $0.63 per diluted share, in the same period of 2014. Included in net income for the third quarter of 2015 was a $5.1 million pre-tax net non-operating foreign currency gain. Included in net income for the third quarter of 2014 was a $6.0 million pre-tax net non-operating foreign currency gain. Adjusted net income was $33.5 million and Non-GAAP diluted earnings per share were $1.00 in the third quarter of 2015 compared to $28.6 million and $0.84 in the same period of 2014, respectively.