CDI Corp. (CDI, Financial) filed Quarterly Report for the period ended 2012-09-30.
Cdi Corporation has a market cap of $333.2 million; its shares were traded at around $17.09 with a P/E ratio of 21 and P/S ratio of 0.3. The dividend yield of Cdi Corporation stocks is 3%.
The table that follows presents changes in revenue by segment along with selected financial information and key metrics for the three months ended September 30, 2012 and 2011:
The table that follows presents changes in revenue by segment along with selected financial information and key metrics for the nine months ended September 30, 2012 and 2011:
Operating profit for the first nine months of 2011 includes a benefit of $9.7 million related to the successful legal appeal of the United Kingdom's Office of Fair Trading ("OFT") matter. Excluding the impact of the OFT matter, operating profit improved primarily due to the ongoing cost savings from the restructuring plan implemented in the fourth quarter of 2011 and savings from additional cost containment efforts.
Operating profit for the first nine months of 2011 includes a benefit of $9.7 million related to the successful legal appeal of the OFT matter. Without the impact of the OFT matter, operating profit improved primarily due to the ongoing cost savings from the restructuring plan implemented in the fourth quarter of 2011 and savings from additional cost containment efforts.
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Cdi Corporation has a market cap of $333.2 million; its shares were traded at around $17.09 with a P/E ratio of 21 and P/S ratio of 0.3. The dividend yield of Cdi Corporation stocks is 3%.
Highlight of Business Operations:
Revenue during the third quarter ended September 30, 2012 increased by $6.9 million or 2.5% as compared to the third quarter of 2011, primarily due to growth in PSS. Gross profit decreased by $3.0 million and gross margin decreased to 19.6% from 21.2%, primarily reflecting higher growth in the lower margin PSS staffing business and a decrease in higher margin infrastructure engineering projects in GETS. Operating profit was $9.0 million during the third quarter of 2012 as compared to $4.4 million during the third quarter of 2011. The third quarter of 2011 operating profit included a charge of $0.6 million associated with the severance of certain senior-level executives. Operating profit improved primarily due to the ongoing cost savings from the restructuring plan implemented in the fourth quarter of 2011 and savings from additional cost containment efforts. Net income attributable to CDI was $5.3 million during the third quarter of 2012 as compared to $2.8 million in the third quarter of 2011. The third quarter of 2011 net income includes the benefit of a Hiring Incentives to Restore Employment (HIRE) Act Federal income tax credit of $0.3 million.The table that follows presents changes in revenue by segment along with selected financial information and key metrics for the three months ended September 30, 2012 and 2011:
The table that follows presents changes in revenue by segment along with selected financial information and key metrics for the nine months ended September 30, 2012 and 2011:
Operating profit for the first nine months of 2011 includes a benefit of $9.7 million related to the successful legal appeal of the United Kingdom's Office of Fair Trading ("OFT") matter. Excluding the impact of the OFT matter, operating profit improved primarily due to the ongoing cost savings from the restructuring plan implemented in the fourth quarter of 2011 and savings from additional cost containment efforts.
Operating profit for the first nine months of 2011 includes a benefit of $9.7 million related to the successful legal appeal of the OFT matter. Without the impact of the OFT matter, operating profit improved primarily due to the ongoing cost savings from the restructuring plan implemented in the fourth quarter of 2011 and savings from additional cost containment efforts.
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