cdi corp (CDI) Snapshot

CDI Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue of $269,466,000 against $280,627,000 a year ago. Operating profit was $4,913,000 against $7,389,000 a year ago. Income before income taxes was $4,862,000 against $7,351,000 a year ago. Net income was $2,553,000 against $3,914,000 a year ago. Net income attributable to company was $2,491,000 against $3,823,000 a year ago. Diluted earnings per common share were $0.13 against $0.20 a year ago. Net cash used in operating activities was $21,620,000 against $14,837,000 a year ago. Capital expenditures were $1,093,000 against $1,259,000 a year ago. Pre-tax return on net assets was 11.6% against 10.0% a year ago. The company anticipated revenue for the second quarter of 2013 in the range of $260 million to $270 million, compared to $274 million in the year-ago second quarter, with gross profit margin at a level similar to that of the first quarter 2013.

Global Engineering and Technology Solutions announced unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company reported total revenue of $78,037,000 against $81,275,000 a year ago. Operating profit was $5,275,000 against $5,938,000 a year ago. Operating profit declined driven primarily by the revenue decrease offset somewhat by additional cost savings.

CDI Corp. announced that its Board of Directors has authorized a second quarter 2013 dividend of $0.13 per share. The dividend is payable on May 28, 2013, to holders of record as of the close of business on May 14, 2013.