The Corporate Executive Board Reports Third Quarter EPS of $.43

The Corporate Executive Board Company EXBD today announces financial results for the third quarter and nine months ended September 30, 2010. Revenues increased 5.0% to $112.1 million for the third quarter of 2010 from $106.8 million for the third quarter of 2009. Net income for the third quarter of 2010 was $7.0 million, or $0.20 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the same period of 2009. Adjusted net income was $14.8 million and non-GAAP diluted earnings per share was $0.43 for the third quarter of 2010, excluding the after tax effect of the non-cash impairment loss relating primarily to a write-down of goodwill associated with our 2007 acquisition of Toolbox.com. Excluding the after tax effect of restructuring costs, adjusted net income was $15.6 million and non-GAAP diluted earnings per share was $0.45 for the third quarter of 2009.