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View All NewsBG Staffing revenue falls 4% in Q4
BG Staffing Inc. (NYSE MKT: BGSF) reported revenue fell 3.6% in the fourth quarter to $64.3 million. However, gross margin improved at the Plano, Texas-based staffing provider.
| (US$ thousands) | Q4 2016 | Q4 2015 | % change |
| Revenue | $64,279 | $66,697 | -3.6% |
| Gross profit | $15,110 | $14,844 | 1.8% |
| Gross margin | 23.5% | 22.3% | |
| Net income | $2,304 | $1,506 | 52.9% |
BG Staffing provides staffing in three segments: professional, commercial and multifamily (front-office and maintenance personnel to the multi-family housing industry). The company acquired the Donovan & Watkins (D&W) division of the Willis Group in the first quarter of 2015 and substantially all of the assets of the Vision Technology Services family of companies in the fourth quarter of 2015.
Quote
“While revenues declined in Q4 ’16 versus Q4 ’15, all other measures for the quarter are up,” said President and CEO L. Allen Baker Jr. “For the year, all numbers are up nicely in spite of the tight labor market.”
Full-year results
| (US$ thousands) | 2016 | 2015 | % change |
| Revenue | $253,852 | $217,534 | 16.7% |
| Gross profit | $60,073 | $47,907 | 25.4% |
| Gross margin | 23.7% | 22.0% | |
| Net income | $6,882 | $5,347 | 28.7% |
Share price and market cap
Shares in BG Staffing fell 0.07% in early afternoon trading today to $13.96. The company had a market cap of $121.01 million, according to Yahoo.