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View All NewsBG Staffing revenue down 5% in fourth quarter, but rose 4% on a same-day basis
Revenue at BG Staffing Inc. (NYSE MKT: BGSF) fell 4.9% in the fourth quarter. However, it was up 4% on a same-day basis and gross margin improved at the Plano, Texas-based staffing provider, driven by increases across all business lines.
| (US$ thousands) | Q4 2018 | Q4 2017 | % change |
| Revenue | $72,000 | $75,701 | -4.9% |
| Gross profit | $18,720 | $19,255 | -2.8% |
| Gross margin | 26.0% | 25.4% | |
| Net income/loss | $4,853 | -$875 | nm |
BG Staffing provides staffing in three segments: professional, commercial, and front-office and maintenance personnel to the multi-family housing industry.
Quote
“We continue to see strong demand across all our segments despite discussions about the waning strength of the US economy and the current stage of economic expansion,” said President and CEO Beth Garvey.
Garvey continued, “We anticipate that the tight labor market with low unemployment will continue this year and fuel the need for our services.”
Full-year results
| (US$ thousands) | 2018 | 2017 | % change |
| Revenue | $286,863 | $272,600 | 5.2% |
| Gross profit | $76,595 | $68,402 | 12.0% |
| Gross margin | 26.7% | 25.1% | |
| Net income | $17,550 | $5,848 | 200.1% |
BG Staffing operates 75 branch offices and 19 on-site locations located across 27 states.
Share price and market cap
Shares in BG Staffing were down 5.45% to $25.38 as of 10:53 a.m. Eastern time today; the company had a market cap of $272.64 million, according to FT.com.