BG Staffing (BGSF) Tops Q3 EPS by 8c, Revenues Beat

BG Staffing (NYSE: BGSF) reported Q3 EPS of $0.49, $0.08 better than the analyst estimate of $0.41. Revenue for the quarter came in at $77.06 million versus the consensus estimate of $76.39 million.

Beth A. Garvey, President and CEO, stated, "We are pleased with the Company's performance through the third quarter of the year as we continue to increase our gross profit and adjusted EBITDA percentage. Our third quarter growth was fueled by tremendous quarter-over-quarter increases in the Real Estate and Light Industrial segment revenues. Favorable economic trends, a robust job market, and positive business sentiment among our client base contributed to the strong quarter."

Garvey added, "The demand for our services continues to be strong and the Company is well positioned to capitalize on these favorable economic conditions with its menu of services, expanded geographic footprint and talented full time and contract employees."

For earnings history and earnings-related data on BG Staffing (BGSF) click here.

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