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Volt Information Sciences, Inc. Reports Fourth Quarter and Fiscal 2019 Financial Results
January 15, 2020 4:05 PM ESTAchieved full-year positive Adjusted EBITDA
Expect continued improvement in profitability for 2020
NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced financial results for the fourth quarter and year ended November 3, 2019.
Fourth Quarter Results
Revenue decreased 2.4% year over year to $258.4 million; Adjusted Revenue* decreased 5.7%. Gross margin was 16.6%, unchanged versus the comparable quarter in 2018. GAAP operating income improved by $3.0 million year over year to $933,000; Adjusted Operating Income improved by... More