CDI Corp. Posts Four Percent Revenue Dip

May 6, 2013 – CDI Corp./(NYSE:CDI), a Philadelphia-based provider of IT-focused recruitment solutions, posted first quarter revenues of $269 million, a decrease of four percent from revenues of $280.6 million a year ago. The company reported a net gain of $2.5 million, or $0.20 per diluted share, compared to earnings of $3.8 million, or $0.20 per diluted share, last year. Management Recruiters International (MRI) first quarter revenue decreased 18.7 percent to $14.3 million, compared to the prior-year quarter. “During the first quarter, gross profit margin was below last year as revenue in the higher-margin government business within GETS declined versus the year-ago quarter,” said CDI president and CEO Paulett Eberhart. “We were pleased to sustain our competitive cost structure during the first quarter, as reflected by lower operating and administrative expenses as a percentage of revenue.”