CDI Corp. Posts Flat Q3 Revenues

November 1, 2013 – CDI Corp./(NYSE:CDI), a Philadelphia-based provider of IT-focused recruitment solutions, posted third quarter revenues of $277.9 million, a decrease of less than one percent from a year ago. The company reported net income of $4.5 million, or $0.23 per diluted share, versus net income of $5.3 million, or $0.27 per diluted share, in the prior-year quarter. Management Recruiters International (MRI) third quarter revenue decreased 17.5 percent to $14.4 million, compared to the prior-year quarter. “This quarter we achieved sequential improvement in quarterly revenue and operating profit margin. Although we are not converting wins into revenue at the pace we expected, we continue to see opportunities in our strategic engineering verticals,” said CDI president and CEO Paulett Eberhart. “In addition, challenges remain in hi-tech staffing, MRI and our government business.”