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Adecco revenue up 4% on organic basis; takes €740 million impairment charge

November 5, 2015

Third-quarter revenue at Adecco, the world’s largest staffing firm, rose 4% on an organic basis and gross margin improved.

However, the company reported a noncash goodwill impairment of €740 million (US$832.0 million) in the third quarter. Adecco took an interim impairment test based on proposed regulatory...

EEOC files suit against Randstad in methadone case

November 5, 2015

The US Equal Employment Opportunity Commission on Tuesday announced it filed a lawsuit against Randstad that claims the staffing firm refused to hire a recovering drug addict enrolled in a methadone treatment program.

April Cox applied in January 2015 with Randstad in Timonium, Md., for a vacant production...

AMN revenue jumps 45%, reports demand at historic levels

November 5, 2015

AMN Healthcare Services Inc. (NYSE: AHS), the largest US healthcare staffing firm, reported demand is at historically high levels. Third-quarter revenue rose 45%, driven by organic growth of 29%.

Third-quarter gross margin improved to 32.9% from 30.4%. The increase came through an increased revenue mix...

CDI reports Q3 revenue falls 17%

November 5, 2015

Engineering and IT staffing provider CDI Corp. (NYSE: CDI) reported third-quarter revenue fell 17.3%. Third-quarter revenue was down in all segments. However, gross margin improved.

CDI also reported a third-quarter net loss of $20.2 million compared to net income of $5.4 million in the year-ago quarter....

Cross Country revenue up 4%, nurse and allied revenue up 6%

November 5, 2015

Revenue at Cross Country Healthcare Inc. (NASD: CCRN), the third-largest US healthcare staffing firm, rose 4% in the third quarter, and gross margin improved.

The Boca Raton, Fla.-based firm reported nurse and allied staffing revenue rose 6% while physician staffing revenue fell 3%.

Cross Country sold...

Staffing 360 acquires IT staffing provider The JM Group

November 5, 2015

Staffing 360 Solutions Inc. (NASD: STAF) acquired The JM Group, a London-based IT staffing firm.

The transaction closed Nov. 4. The JM Group reports a run-rate of approximately $25 million in annualized revenue.

The brand will remain; executives will stay with the firm and retain their current titles.


Online job ads rise in October, transportation ads lead increase

November 5, 2015

US online job ads rose by 172,300 in October to approximately 5.45 million, according to The Conference Board’s report on online job ads. October’s increase offsets a loss of 138,500 in September.

“Labor demand for 2015 continues to follow the 2014 pattern of high monthly demand levels with modest...

Kelly Q3 revenue up 3% in constant currency

November 4, 2015

Third-quarter revenue at Kelly Services Inc. (NASD: KELYA), the fifth-largest US staffing firm, rose 3.0% on a constant currency basis with Asia-Pacific operations rising 9.5% in constant currency and Europe up 3.5% in constant currency. Third-quarter Americas revenue rose 2.1% in constant currency;...

Kforce Q3 revenue rises 9%

November 4, 2015

Professional staffing firm Kforce Inc. (NASD: KFRC) reported third-quarter revenue rose 8.8%. The company’s revenue was lower than guidance given at the end of the second quarter, but gross margin and earnings per share were above guidance.

The firm, which ranks as the 13th-largest US staffing firm,...

Team Health Q3 net revenue rises 26%

November 4, 2015

Team Health Holdings Inc. (NYSE: TMH), a clinical outsourcing provider in healthcare, reported third-quarter net revenue rose 26.2% to $899.2 million. Team Health operates healthcare staffing firm D&Y among its other business operations.

“Third quarter consolidated revenue growth was driven by positive...