CDI Corp. News Release (07/26/12)
CDI Corp. today reported revenue of $274.4 million for the second quarter ended June 30, up 4.4% compared with the prior-year second quarter. The gross profit margin of 20.2% for the quarter compared with 21.7% in the same period last year. Operating profit of $7.9 million in the second quarter of 2012 compared with $13.7 million in second-quarter 2011. The company reported net income of $5.0 million in the second quarter, compared with $12.0 million in the prior-year second quarter.
“We are pleased that the company’s second quarter performance includes revenue growth in all three business segments,” says CDI president and chief executive officer, Paulett Eberhart. “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 the government-funded defense and infrastructure sectors.”
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.