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CDI Corp. Reports Second-Quarter 2014 Results

CDI Corp. News Release (08/06/14)

CDI Corp. reported revenue of $284.3 million for the second quarter of 2014, up 7.9% from $263.4 million in the second quarter of 2013. Net income totaled $4.4 million, up 29.0% from $3.5 million in the year-ago quarter. Revenue for the company’s professional staffing services segment totaled $184.7 million, up 9.5% from $168.8 million in the 2013 second quarter.

Revenue increased 64.0% in oil, gas, and chemicals. Management Recruiters International Inc.’s second quarter revenue increased 4.2% to $15.3 million, driven by an increase in contract staffing. MRI’s second quarter operating profit was $1.8 million, compared with $2.1 million in the year-ago quarter.