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View All NewsBG Staffing revenue rises 10% in Q2, gross margin improves
Revenue at BG Staffing Inc. (NYSE MKT: BGSF) rose 9.8% in the second quarter. Gross margin and net income also improved at the Plano, Texas-based staffing provider.
(US$ thousands) | Q2 2017 | Q2 2016 | % change |
Revenue | $68,774 | $62,615 | 9.8% |
Gross profit | $17,227 | $15,185 | 13.4% |
Gross margin | 25.0% | 24.3% | |
Net income | $2,285 | $1,397 | 63.6% |
BG Staffing provides staffing in three segments: professional, commercial and multifamily (front-office and maintenance personnel to the multi-family housing industry). The company in April acquired substantially all of the assets of Zycron Inc., which provides IT temporary staffing to Fortune 500 companies and government entities throughout the southeastern US region and selected markets across the country.
Quote
“Our business model continues to work well,” said President and CEO L. Allen Baker, Jr. “All of our metrics were up for the quarter and six month periods, which resulted in record results. As expected, the recent acquisition of Zycron enhanced our results for quarter and year-to-date.”
Share price and market cap
Shares in BG Staffing fell 1.19% in early afternoon trading today to $16.54. The company had a market cap of $144.6 million, according to Yahoo.