InnerWorkings Inc. Announces Third Quarter 2014 Results

InnerWorkings Inc., Chicago, recently reported results for the three months ended Sept. 30, 2014.

Highlights include:

• Revenue of $251.7 million, an increase of 8 percent compared to $232.6 million in the third quarter of 2013.

• Non-GAAP Adjusted EBITDA of $12.3 million, an increase of 41 percent compared to Non-GAAP Adjusted EBITDA of $8.7 million in the third quarter of 2013.

• Non-GAAP diluted earnings per share of $0.07, an increase of 40 percent compared to Non-GAAP diluted earnings per share of $0.05 in the third quarter of 2013.

• Non-GAAP Adjusted Operating Cash Flow of $11.3 million, compared to Non-GAAP Adjusted Operating Cash Flow of $1.6 million in the third quarter of 2013.

"Our consistent growth and solid momentum continued in the third quarter as we landed major new client contracts, underscoring our opportunity within a large and underpenetrated market," said Eric D. Belcher, chief executive officer of InnerWorkings. "We also continued to grow both globally and through new service offerings with our existing clients. We had success in cross-selling our new retail displays and product packaging solutions and we look forward to rolling them out with additional clients."