Staffing 360 Solutions releases transcript of Q3 2015 earnings call
Staffing 360 Solutions, a public company executing a global buy-and-build strategy through the acquisition of staffing organizations with operations in the US and Europe,
During the conference call Brendan Flood, Staffing 360's Executive Chairman, stated, "Since our inception as a business, we have made no secret of our strategic plan. We are a high growth, buy-and-build staffing company. Over the past two years, we have grown from an annualized revenue base of zero to $130 million and delivered on the first phase of our growth plan."
Flood continued, "Q3 2015 has been a very good quarter for Staffing 360 Solutions, and there is a long list of milestones that have been reached. Our fiscal Q3 revenue has almost doubled to $31 million year-over-year. Likewise, our gross profit has nearly doubled to $5.5 million. Our underlying operations are showing over 17% organic growth year-over-year... In addition, we achieved Non-Adjusted EBITDA profitability for the first time. This is a major achievement for us and is happening several quarters ahead of schedule."
Throughout the conference call Staffing 360 Solutions' management talked about the Company's various acquisitions, recent capital raises, its growth strategy, the team's Pathway to Profitability, and full detail surrounding the financial results for the fiscal quarter ended February 28, 2015.
Interested parties are encouraged to read the full transcript of the conference call, which is available here: