Command Center revenues dips 3.6%

US temporary staffing solutions provider Command Center has blamed a 3.6% fall in year-on-year revenue on a drop in demand for temporary staffing services in the oil & gas sector exposed Bakken region of North Dakota.
Tue, 29 Mar 2016

US temporary staffing solutions provider Command Center has blamed a 3.6% fall in year-on-year revenue on a drop in demand for temporary staffing services in the oil & gas sector exposed Bakken region of North Dakota.

The group’s financial results for the full year ended December 25, 2015, published yesterday, reveal revenue of $88.5m (£62.1m), down from $91.8m in 2014.

While year-on-year revenue from North Dakota offices fell by $10.3m in 2015, revenue from the firm’s remaining branches increased by $7.0m on 2014. 

The results also reveal selling, general and administrative expenses in 2015 of $20.6m, compared to $18.5m in 2014. The group attributed the increase primarily to additional hiring and training of employees at the firm’s new corporate headquarters in Colorado as well as additional costs connected to the opening five new branches during the year and moving the corporate office from Coeur d’Alene, Idaho, to Denver, Colorado.

Command Center operates from 57 locations in 20 states right across the US, from San Francisco in the West to Maryland in the East.

The group’s results also revealed:

  • Gross margins down 90 basis points to 26.9% year-on-year
  • Operating income down to $3.0m from $6.5m in 2014
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) of $3.9m compared to $7.4m in 2014

 


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