CDI Corp. Posts Small Revenue Rise; MRI Up Five Percent

August 15, 2012 – CDI Corp./(NYSE:CDI), a provider of IT-focused recruitment solutions, posted second quarter revenues of $274.4 million, an increase of 4.4 percent from revenues of $262.7 million in the prior year quarter. The company reported net earnings of $5 million, or $0.25 per diluted share, versus net income of $12 million, or $0.62 per diluted share, last year. The company's franchised Management Recruiters International segment (MRI) reported a 5.5 percent increase in second quarter revenue versus the prior-year second quarter due to increases in contract staffing revenue. “We are pleased that the Company's second quarter performance includes revenue growth in all three business segments. Operating income, net income and earnings per share also showed significant gains, excluding the previously identified items in the second quarter 2011, and we achieved these increases despite economic headwinds in government-funded defense and infrastructure sectors,” said Paulett Eberhart, CDI's president and CEO.