Corporate Resource Services Inc. Reports 85% Increase in Revenues, Expects Profitability in 2013
Corporate Resource Services Inc. reported results for the quarter and fiscal year ended Sept. 28, 2012, including record quarterly revenues of $179.7 million, an increase of 19.6% over the same quarter in 2011, which had been adjusted to include the results of an acquisition accounted for under the pooling of interests method. Quarterly revenues increased 81.2% prior to an adjustment. Full-year revenues increased 85.3% to $639.8 million. The company reported net income of $1.0 million for the quarter, its first profitable quarter since December 2011. A net loss of $3.4 million was reported for the full fiscal year. The company expects to achieve full-year 2013 net income of between $6.5 and $7.8 million on revenues of approximately $730 million to $780 million.
Obamacare Drives a Bull Market in Staffing Firms
(01/17/13) Drew Sandholm
CNBC host Jim Cramer on Thursday said that a “red hot bull market” for staffing companies is currently being driven by the pending implementation of the Affordable Care Act next year. Cramer suggests that, because of health care reform regulations, companies may choose to use staffing firm services instead of hiring more full-time workers in the coming months.
Start the Year Out Right—Join ASA Today
Now is the time to join ASA—activate your 2013 membership today
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ASAPro Webinar Next Week—Turn Clients Into Brand Evangelists
Next week, don’t miss your chance to learn strategies you can use to reach more clients and convert them into loyal brand evangelists during the ASAPro
webinar “How a Staffing Firm Becomes a Contagious Social Brand
,” Tuesday, Jan. 22, 3–4 p.m. Eastern time. Simon Mainwaring, award-winning branding consultant, best-selling author, and international speaker, will exlplain why your staffing firm needs to be not just a company but a contagious social brand. The webinar qualifies for continuing education hours toward ASA certification renewal.
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Make Your Plans to Attend Staffing World® 2013
Staffing World 2013, Oct 8–10 in Orlando, FL, is going to be an exciting educational event that you can’t afford to miss. At Staffing World 2013, you’ll get the best industry information and learn the latest trends to help your company succeed and remain competitive. For more information and to register, visit staffingworld.org
Staffing Today Returns Jan. 22
In observance of Martin Luther King Jr. Day, Staffing Today will not be delivered Monday, Jan. 21.