BG Staffing (BGSF) has reported 6 percent rise in profit for the quarter ended Sep. 25, 2016. The company has earned $2.35 million, or $0.26 a share in the quarter, compared with $2.22 million, or $0.29 a share for the same period last year. On an adjusted basis, earnings per share were at $0.40 for the quarter compared with $0.43 in the same period last year.
Revenue during the quarter grew 12.03 percent to $67.41 million from $60.17 million in the previous year period. Gross margin for the quarter expanded 135 basis points over the previous year period to 24.38 percent. Total expenses were 93.37 percent of quarterly revenues, up from 91.92 percent for the same period last year. That has resulted in a contraction of 145 basis points in operating margin to 6.63 percent.
Operating income for the quarter was $4.47 million, compared with $4.86 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $6.25 million compared with $6.20 million in the prior year period. At the same time, adjusted EBITDA margin contracted 103 basis points in the quarter to 9.28 percent from 10.31 percent in the last year period.
L. Allen Baker, Jr., president and chief executive officer, stated, "Our business philosophy of the past seven years remains constant. We continue to foster organic growth while seeking accretive, disciplined acquisitions."
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