FINANCIALS: Command Center sees increase in revenue

US temporary staffing solutions provider Command Center has seen a 6.4% increase in year-on-year revenue, according to financial results for Q3 2016.
Thu, 15 Nov 2016

US temporary staffing solutions provider Command Center has seen a 6.4% increase in year-on-year revenue, according to financial results for Q3 2016.

The results, published this morning, reveal revenue of $26.4m (£21.2m) up from $24.9m in the third quarter of 2015.

The group attributed the increase to rising revenues at its branches outside North Dakota and from its Hancock Staffing offices acquired in June of this year. Revenue in the group’s offices within North Dakota fell 30.9% year-on-year.

The group reported Q3 gross margin of 25.9%, down from 26.1% in Q3 2015.

“Earlier in the year we set out to redirect the negative trends we observed in the first quarter, and we have largely accomplished that by again increasing revenue and gross margins and removing unnecessary costs,” said Command Center’s president and chief executive Bubba Sandford, commenting on the results. “We still have work to do, but we feel positive about where we are as a company and where we are headed.”

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