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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...

US adds 182,000 jobs in October, ADP reports

November 4, 2015

US private sector employment rose by 182,000 jobs in October from September, according to the ADP national employment report produced by Automatic Data Processing Inc. (NASD: ADP) in collaboration with Moody’s Analytics. October’s jobs gain is a decrease from September’s 190,000 additions — a...

Health Carousel acquires Ohio-based healthcare staffing firm

November 4, 2015

Healthcare staffing provider Health Carousel acquired Dayton, Ohio-based Next Medical Staffing.

The transaction closed Nov. 1. Terms were not disclosed but the transaction was majority cash at close plus an earn-out based on future company performance.

Next’s team will maintain its Dayton office and...

SterlingBackcheck acquires EmployeeScreenIQ

November 4, 2015

SterlingBackcheck, a background screening company, acquired Cleveland, Ohio-based EmployeeScreenIQ, a provider of employment background checks and substance abuse screening services.

Terms of the transaction were not disclosed.

The company now operates as EmployeeScreenIQ, a SterlingBackcheck Company.