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CDI Corp. Reports Third-Quarter Results

CDI Corp. News Release (11/04/15)

CDI Corp. reported revenue of $244.7 million in the third quarter of 2015, down 17.3% from $295.7 million in the third quarter of 2014. The company reported a net loss of $20.2 million, compared with net income of $5.4 million in the year-ago quarter. In the third quarter of 2015, the company recorded $21.5 million of impairment charges related to certain businesses in the global engineering and technology solutions segment and the professional staffing services segment.

Revenue totaled $146.9 million for its professional staffing services segment, down 23.7% from $192.4 million in the 2014 third quarter. Revenue totaled $13.5 million for Management Recruiters International Inc., down 9.5% from $14.9 million.