Staffing 360 Solutions pre-announces fiscal year 2016 revenue up 28% YoY
Staffing 360 Solutions, Inc. has announced that it expects the company's reported revenue for fiscal year 2016 to be $165m, an increase of 28% compared to fiscal year 2015 revenue of $129m.
For the fourth quarter ended 31st May 2016, the company expects revenue to be $44m, an increase of 38% compared to the same period last year of $32m.
Brendan Flood (pictured), executive chairman of Staffing 360 Solutions, stated, "We continue to achieve record quarterly revenue, bringing our annual run-rate in excess of the $175 million level.
“Compared to $129 million last year, this is a major testament to our consolidation strategy. Our most recent fiscal year includes the acquisitions of Lighthouse Placement Services and The JM Group, two great additions to the Staffing 360 story. As we continue to grow and complete acquisitions, we remain highly focused on boosting our top line and realizing cost synergies."
Matt Briand, president and CEO of Staffing 360 Solutions, remarked, "Achieving this level of revenue is a remarkable achievement for our management team and our employees alike. We look forward to sharing more details shortly when we announce our full results. This will be the largest single quarterly revenue figure in the company's history."