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Industrial staffing firm Command Center reports revenue down 2% in Q4

March 04, 2015

Command Center Inc. (OTC: CCNI) reported revenue fell 2.5% in the fourth quarter to $24.0 million. The company attributed the decline to its transition and focus on higher margin, higher quality customer engagements. Fourth-quarter gross margin improved at the Coeur d’Alene, Idaho-based industrial staffing provider.

(US$ thousands) Q4 2014 Q4 2013 % growth
Revenue $24,021 $24,639 -2.5%
Gross profit $7,125 $6,461 10.3%
Gross margin percentage 29.7% 26.2%  
Net income $1,118 $1,228 -9.0%

Quote

“The sharp decline in oil prices in the second half of 2014 has led to a slowing of new drilling activity in North Dakota and Texas where we have a significant presence,” said President and CEO Bubba Sandford. “However, we continue to see strong demand for temporary labor in both of these markets, as well as across the many industries and customers we service there.”

Full-year results

(US$ thousands) 2014 2013 % growth
Revenue $91,840 $93,748 -2.0%
Gross profit $25,520 $24,247 5.3%
Gross margin percentage 27.8% 25.9%  
Net income $9,126 $2,941 210.3%

Share price and market cap

Command Center shares rose 2.73% in early afternoon trading to 64 cents.