Daily News
View All NewsBG Staffing revenue up 26%, rises 7% on pro forma basis
BG Staffing Inc. (NYSE MKT: BGSF) reported revenue rose 25.8% in the second quarter to $62.6 million. On a pro forma basis, revenue rose 7.3%. Pro forma includes second-quarter 2015 results of Vision Technology Services, which BG Staffing acquired in the third quarter of last year.
Plano, Texas-based BG Staffing provides staffing in three segments: professional, commercial and multifamily. Gross profit rose 52.7% in the professional segment, rose 8.8% in the commercial segment and rose 48.4% in the multifamily segment.
| (US$ thousands) | Q2 2016 | Q2 2015 | % change |
| Revenue | $62,615 | $49,781 | 25.8% |
| Gross profit | $15,185 | $10,866 | 39.7% |
| Gross margin | 24.3% | 21.8% | |
| Net income | $1,397 | $1,462 | -4.4% |
Quote
“As evidence by the continued strong growth in each of our three business segments,” President and CEO L. Allen Baker Jr. said, “we continue to build upon our foundation combining organic growth and disciplined, accretive acquisitions.”
Share price and market cap
Shares in BG Staffing fell 5.33% in early afternoon trading today to $19.89. The company had a market cap of $170.86 million, according to Yahoo!