Replies to post #406 on GEE Group Inc (JOB)

[gilead23]

Oh hell what a mental error on my part.

[gilead23]

Btw wanted to ask

You felt they were doing a hail mary to try to scale into their overhead costs. Was that something they stated or more your interpretation on the SNI acquisition? I read through some of the releases around that time and don't recall seeing that being explicitly stated.

I don't think the CEO has done that well at JOB, but It may be one big error he had to dig out of.

Pretty good numbers during his Accustaff tenure.

 
                                           DEC. 31,       Dec. 31,         Dec. 31,        Jan. 1,        Jan. 2, 
 (in thousands, except per share amounts)  1997 (1)       1996 (1)         1995 (1)       1995 (1)       1994 (1) 
 - --------------------------------------------------------------------------------------------------------------------------- 
 <S>                                    <C>            <C>             <C>            <C>            <C> 
 Statement of Income Data: 
 Revenue                                $  2,424,826   $  1,611,447    $    862,968   $    621,033   $    497,795 
 Cost of Revenue                           1,811,098      1,234,754         670,589        482,801        389,817 
                                        ------------------------------------------------------------------------------------ 
 Gross Profit                                613,728        376,693         192,379        138,232        107,978 
 Operating expenses                          422,164        274,806         148,201        112,479         95,774 
 Merger related costs                          5,000         28,502               -              -              - 
                                        ------------------------------------------------------------------------------------ 
 Income from operations                      186,564         73,385          44,178         25,753         12,204 
 Other income, (expense), net                      -              -             146             46            135 
 Interest expense, net                       (18,989)        (3,403)         (2,764)        (3,042)        (6,380) 
                                        ------------------------------------------------------------------------------------ 
 Income before taxes                         167,575         69,982          41,560         22,757          5,959 
 Provision for income taxes                   65,542         38,772          12,988          7,635          2,138 
                                        ------------------------------------------------------------------------------------ 
 Income before extraordinary item            102,033         31,210          28,572         15,122          3,821 
 Extraordinary item                                -              -               -         (1,403)             - 
                                        ------------------------------------------------------------------------------------ 
 Net income                                  102,033         31,210          28,572         13,719          3,821 
                                        ==================================================================================== 
 Basic net income per common share      $       1.00   $       0.34    $       0.46   $       0.28   $       0.09