BG Staffing, Inc (BGSF) has reported a 52.99 percent jump in profit for the quarter ended Dec. 25, 2016. The company has earned $2.30 million, or $0.26 a share in the quarter, compared with $1.51 million, or $0.20 a share for the same period last year.
Revenue during the quarter dropped 3.63 percent to $64.28 million from $66.70 million in the previous year period. Gross margin for the quarter expanded 125 basis points over the previous year period to 23.51 percent. Total expenses were 76.49 percent of quarterly revenues, down from 77.74 percent for the same period last year. This has led to an improvement of 125 basis points in operating margin to 23.51 percent.
However, the adjusted EBITDA for the quarter stood at $6.04 million compared with $5.50 million in the prior year period. At the same time, adjusted EBITDA margin improved 114 basis points in the quarter to 9.39 percent from 8.25 percent in the last year period.
L. Allen Baker, Jr., president and chief executive officer, stated, "While revenues declined in Q4 '16 versus Q4 '15, all other measures for the quarter are up. For the year, all numbers are up nicely in spite of the tight labor market."
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