BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 55.3% year over year in the fourth quarter to $66.7 million. Gross margin also improved. 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.

The Plano, Texas-based company provides staffing in light industrial, IT and multifamily (front office and maintenance personnel to the multi-family housing industry).

Quote

“As our numbers clearly demonstrate, we continue to generate strong and improving financial results,” said President and CEO L. Allen Baker, Jr. “Our dual path business strategy is delivering both higher revenues and margins.”

Baker continued, “While there may be uncertainty in the general market and overall economy, our business outlook is good. In the fourth quarter we strengthened our back office staff to support continued growth. I look forward to a year of increasing revenues, improving profitability while looking to build on our track record of accretive acquisitions.”

Full-year results

Share price and market cap

Shares of BG Staffing fell 0.62% to $13.10 in early afternoon trading today, and the company has a market cap of $96.67 million, according to Yahoo!