BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 45.7% year over year in the first quarter to $59.5 million. Gross margin also improved.

Revenue rose 14.3% on a pro forma basis, which takes into account the company’s acquisition of the Donovan & Watkins 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 acquired in the fourth quarter of 2015.

Gross profit increased year over year in each of the Plano, Texas-based company’s three business segments: Multifamily, up 45.7%; professional, up 106.1%; and commercial, up 19.0%.

Quote

“The execution of our acquisition and organic growth strategy business plan, which was initiated in 2009, laid the foundation for a record first quarter of 2016,” said President and CEO L. Allen Baker Jr. “Results were bolstered by our 2015 acquisitions and the strong growth in each of our three segments.”

Baker continued, “We look forward to continuing our momentum in the second quarter and throughout 2016 to build a diversified staffing solution company, expanding geographically and expanding the industries we service. We anticipate finishing 2016 as our strongest year on record.”

Share price and market cap

Shares of BG Staffing rose 2.74% to $15.00 in early afternoon trading today, and the company has a market cap of $110.82 million, according to Yahoo!