/C O R R E C T I O N -- Hudson Highland Group, Inc./
October 25 2005 - 7:31PM
PR Newswire (US)
In the news release, Hudson Highland Group (NASDAQ:HHGP) Reports
2005 Third Quarter and Nine Month Results, issued earlier today by
Hudson Highland Group, Inc. over PR Newswire, in the table "HUDSON
HIGHLAND GROUP, INC. SEGMENT ANALYSIS" for the section "For the
Nine Months Ended September 30, 2005" the number in the column
"Total" should read "$1,074,307" rather than "$1,074,3" as
incorrectly transmitted by PR Newswire. The complete, corrected
table follows. HUDSON HIGHLAND GROUP, INC. SEGMENT ANALYSIS (in
thousands) (unaudited) For the Nine Months Ended September 30, 2005
Americas Europe Asia Corporate Total Pac & Other Revenue Hudson
$327,815 $364,341 $334,236 $1,662 $1,028,054 Highland 34,820 8,426
3,007 - 46,253 $362,635 $372,767 $337,243 $1,662 $1,074,307 Gross
Margin Hudson $82,970 $154,522 $122,057 $1,182 $360,731 Highland
32,635 8,233 2,943 - 43,811 $115,605 $162,755 $125,000 $1,182
$404,542 Adjusted EBITDA(1) Hudson $12,957 $12,567 $25,658 $(3,340)
$47,842 Highland 2,978 179 (723) - 2,434 Corporate - - - (27,708)
(27,708) $15,935 $12,746 $24,935 $(31,048) $22,568 EBITDA(1) Hudson
$12,483 $12,646 $25,658 $(3,340) $47,447 Highland 3,272 179 (730) -
2,721 Corporate - - - (27,708) (27,708) $15,755 $12,825 $24,928
$(31,048) $22,460 For the Nine Months Ended September 30, 2004
Americas Europe Asia Corporate Total Pac & Other Revenue Hudson
$235,243 $327,233 $302,805 $1,263 $866,544 Highland 32,948 5,463
7,309 - 45,720 $268,191 $332,696 $310,114 $1,263 $912,264 Gross
Margin Hudson $59,899 $132,382 $104,841 $1,166 $298,288 Highland
31,109 5,177 6,720 - 43,006 $91,008 $137,559 $111,561 $1,166
$341,294 Adjusted EBITDA(1) Hudson $6,054 $(458) $15,967 $(4,453)
$17,110 Highland 2,101 (1,115) 946 - 1,932 Corporate - - - (23,959)
(23,959) $8,155 $(1,573) $16,913 $(28,412) $(4,917) EBITDA(1)
Hudson $5,105 $(408) $16,329 $(4,453) $16,573 Highland (293)
(1,281) 947 - (627) Corporate - - - (23,959) (23,959) $4,812
$(1,689) $17,276 $(28,412) $(8,013) (1) See the Reconciliation of
Adjusted EBITDA to Operating Income (Loss) for a description of
note (1). PRNewswire -- Oct. 25 DATASOURCE: Hudson Highland Group,
Inc.
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