CDI Corp. News Release (05/05/15)
CDI Corp. reported revenue of $257.5 million in the first quarter of 2015, down 6.8% from $276.3 million in the first quarter of 2014. Net income totaled $470,000, down 76.5% from $2 million in the year-ago quarter. The company’s staffing services segment posted revenue of $161.4 million, down 10.4% from $180.1 million on a year-to-year basis.
“We are implementing with a sense of urgency multiple business improvement initiatives to deliver profitable growth and transform CDI,” said Scott J. Freidheim, the company’s chief executive officer and president.