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Volt Information Sciences, Inc. Reports Third Quarter Fiscal 2020 Financial Results

September 10, 2020 4:05 PM EDT

ORANGE, Calif.--(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 third fiscal quarter ended August 2, 2020.

Third Quarter Highlighted Results

Revenue was $185.9 million, compared to $233.2 million in the prior-year quarter; Adjusted Revenue* decreased 18.4%. Gross margin was 16.1%, an 80-basis point improvement compared to the prior-year quarter. GAAP operating loss was $4.2 million, compared to $4.8 million in the prior-year quarter; excluding restructuring and impairment charges, operating loss would have been $1.3 million compared to $2.7 million in the... More