CDI Corp (CDI) Tops Q3 EPS by 32c
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CDI Corp. Reports Third Quarter 2015 Results
November 4, 2015 7:22 PM ESTPHILADELPHIA, Nov. 4, 2015 /PRNewswire/ --Â CDI Corp. (NYSE: CDI) (the "Company") today reported results for the third quarter ended September 30, 2015.
"We are continuing to make progress on key elements of our transformation and operational turnaround. While consistent with previously articulated expectations, our third quarter 2015 results reflect the continuing macroeconomic and discrete challenges associated with our concentrated client base," said Scott J. Freidheim, Chief Executive Officer and President. "As we move into 2016, our business should benefit from improving new business development and client retention, the strengthening of our operational leadership team, strategic... More
CDI Corp. Closes New $150 Million Credit Facility
November 4, 2015 5:59 PM ESTPHILADELPHIA, Nov. 4, 2015 /PRNewswire/ -- CDI Corp. (NYSE: CDI) announced today that the Company entered into a new secured credit agreement providing for up to $150 million in revolving loans.
"This new credit facility reflects the strength of CDI's balance sheet and provides a significant increase in CDI's financial flexibility to support business growth and strategic investment," said Michael S. Castleman, Executive Vice President and Chief Financial Officer.
The new five-year credit agreement, maturing in October 2020, may be used for working capital and general corporate purposes, as well as permitted acquisitions... More
