Third Quarter 2014 Financial Highlights vs. Year-Ago Quarter
Revenues up 7% to $27.7 million Gross margins increased 190 basis points to 27.7% from 25.8% Operating income up 16% to record $2.5 million Net income including goodwill impairment and income tax benefit increased to $6.0 million or $0.09 per diluted share Adjusted EBITDA up 28% to record $2.9 million “Increased revenue this quarter is the result of our broad, ongoing strategy of targeting good accounts at the right price,” said Bubba Sandford, Command Center’s president and CEO. “We have continued to increase focus and training on providing the best service possible to our customers so that we maximize revenue while maintaining margins. We are now realizing the fruits of this long-term plan, which is also demonstrated by our record income. While revenue growth is certainly an important objective moving forward, we always want to do so while maintaining a high level of profitability for shareholders. As we have stated before, we believe this general strategy will serve the company well in both the long and short term.”
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