Heidrick & Struggles International (HSII) 8-K Heidrick & Struggles Reports Third Quarter 2014 Financial Results

Exhibit 99.2

Heidrick & Struggles International, Inc.

Segment Information

(in thousands)

(Unaudited)

	2014												2013
	Q1			Q2			Q3			YTD			Q1			Q2			Q3			Q4			YEAR
Net revenue:
Executive Search and Leadership Consulting
Americas	$	57,586		$	70,466		$	64,982		$	193,034		$	59,208		$	68,176		$	65,522		$	63,800		$	256,706
Europe		26,224			31,201			27,207			84,632			18,392			23,284			23,366			25,039			90,081
Asia Pacific		20,795			25,062			23,305			69,162			19,803			25,133			23,528			21,954			90,418
Total Executive Search and LC		104,605			126,729			115,494			346,828			97,403			116,593			112,416			110,793			437,205
Culture Shaping		6,516			9,351			10,335			26,202			5,575			5,440			6,565			7,210			24,790
Total net revenue	$	111,121		$	136,080		$	125,829		$	373,030		$	102,978		$	122,033		$	118,981		$	118,003		$	461,995
Operating income (loss):
	2014												2013
	Q1			Q2			Q3			YTD			Q1			Q2			Q3			Q4			YEAR
Executive Search and Leadership Consulting
Americas	$	11,869		$	17,140		$	14,257		$	43,266		$	12,995		$	16,429		$	17,604		$	13,143		$	60,171
Europe		640			1,787			1,946			4,373			(3,007	)		(2,075	)		342			(1,773	)		(6,513	)
Asia Pacific		175			2,387			2,228			4,790			411			2,649			1,737			(1,119	)		3,678
Total Executive Search and LC		12,684			21,314			18,431			52,429			10,399			17,003			19,683			10,251			57,336
Culture Shaping		(530	)		1,307			2,866			3,643			(1,797	)		(1,186	)		(708	)		(524	)		(4,215	)
Total segments		12,154			22,621			21,297			56,072			8,602			15,817			18,975			9,727			53,121
Global Operations Support		(11,374	)		(10,109	)		(11,740	)		(33,223	)		(8,213	)		(10,075	)		(10,622	)		(8,646	)		(37,556	)
Operating income	$	780		$	12,512		$	9,557		$	22,849		$	389		$	5,742		$	8,353		$	1,081		$	15,565
Operating margin:
	2014												2013
	Q1			Q2			Q3			YTD			Q1			Q2			Q3			Q4			YEAR
Executive Search and Leadership Consulting
Americas		20.6	%		24.3	%		21.9	%		22.4	%		21.9	%		24.1	%		26.9	%		20.6	%		23.4	%
Europe		2.4	%		5.7	%		7.2	%		5.2	%		-16.3	%		-8.9	%		1.5	%		-7.1	%		-7.2	%
Asia Pacific		0.8	%		9.5	%		9.6	%		6.9	%		2.1	%		10.5	%		7.4	%		-5.1	%		4.1	%
Total Executive Search and LC		12.1	%		16.8	%		16.0	%		15.1	%		10.7	%		14.6	%		17.5	%		9.3	%		13.1	%
Culture Shaping		-8.1	%		14.0	%		27.7	%		13.9	%		-32.2	%		-21.8	%		-10.8	%		-7.3	%		-17.0	%
Total segments		10.9	%		16.6	%		16.9	%		15.0	%		8.4	%		13.0	%		15.9	%		8.2	%		11.5	%
Global Operations Support		-10.2	%		-7.4	%		-9.3	%		-8.9	%		-8.0	%		-8.3	%		-8.9	%		-7.3	%		-8.1	%
Operating income		0.7	%		9.2	%		7.6	%		6.1	%		0.4	%		4.7	%		7.0	%		0.9	%		3.4	%

While investors are being provided financial data reflecting the change in the Company’s segment allocations described above, the Company has not in any way revised or restated its historical financial statements for any period.