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View All NewsBG Staffing revenue up 12%
BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 12.0% in the third quarter to $67.4 million. Gross margin improved at the Plano, Texas-based staffing provider.
| (US$ thousands) | Q3 2016 | Q3 2015 | % change |
| Revenue | $67,407 | $60,171 | 12.0% |
| Gross profit | $16,432 | $13,856 | 18.6% |
| Gross margin | 24.4% | 23.0% | |
| Net income | $2,348 | $2,215 | 6.0% |
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 substantially all of the assets of the Vision Technology Services family of companies in the fourth quarter of 2015.
Quote
“Our business philosophy of the past seven years remains constant,” said President and CEO L. Allen Baker, Jr. “We continue to foster organic growth while seeking accretive, disciplined acquisitions.”
Share price and market cap
Shares in BG Staffing fell 10.94% in early afternoon trading today to $12.70. The company had a market cap of $113.56 million, according to Yahoo.