Adecco Announces Results for Q3 2013
Adecco Group News Release (11/06/13)
Adecco Group reported revenues of €5.03 billion in the third quarter of 2013, down 5% from €5.28 billion during the same period last year. The company also reported net income of €191 million, up 61% from €118 million in the third quarter of 2012. The company reported revenue of €3.80 billion for its general staffing business, down 5% from €3.99 billion; €1.13 billion for its professional staffing business, down 5% from €1.19 billion; and €102 million for its solutions business, up 4% from €98 million.
In a call with investors, Adecco Group chief executive officer Patrick De Maeseneire noted that “North America continues to perform well,” with revenues totaling €950 million, up 3% year-to-year in constant currency. U.S. information technology revenues were up 8%, while permanent placement revenues were up 20%.
Kelly Services Reports Third Quarter Results
Kelly Services News Release (11/06/13)
Kelly Services Inc. reported $1.346 billion in revenue for the third quarter of 2013, down 0.6% from $1.354 billion during the same period last year. Net earnings totaled $18.8 million, up 13.5% from $16.6 million in the third quarter of 2012.
The company reported revenues of $865.3 million for the Americas, down 4.3% year-to-year from $903.8 million. However, president and chief executive officer Carl Camden noted, “The Americas delivered a nice turnaround in fee performance, and KellyOCG brought in strong revenue growth and outsized operating profits.” Revenue from KellyOCG, the outsourcing and consulting services group, totaled $126.9 million, up 21.2% from $104.7 million.
Team Health Holdings Inc. Announces Third Quarter Financial Results
TeamHealth Holdings News Release (11/05/13)
Team Health Holdings Inc. reported net revenue of $606.1 million for the third quarter of 2013, up 12.4% from $539.2 million during the same period last year. Net earnings totaled $29.4 million, up 43.4% from $20.5 million in the third quarter of 2012.
Command Center Reports Results for Third Quarter
Command Center Inc. News Release (11/06/13)
Command Center Inc. reported revenue of $25.9 million for the third quarter of 2013, down 8.8% from $28.4 million during the same period a year ago. Net income totaled $1.2 million, up 70.1% from $721,844 during the third quarter of 2012.
Wellspring Capital Management Acquires Swift Worldwide Resources
PR Newswire (11/04/13)
Wellspring Capital Management LLC has acquired staffing firm Swift Worldwide Resources, a supplier of skilled staffing services to the global oil and gas industry, from Gresham Private Equity. Financial terms were not disclosed.
Plan Your Trip for the 2014 ASA Staffing Law Conference
The ASA Staffing Law Conference is the only program dedicated to the legal issues affecting the staffing and recruiting business. The 2013 conference attracted a sold-out crowd, so don’t get shut out of next year’s event, May 21–22 in Washington, DC. It will take place at the Omni Shoreham Hotel, which is currently accepting hotel room reservations.
Free ASAPro Webinar Tomorrow—Find Your Competitive Advantage
Learn how to effectively market your value proposition and differentiate your firm during tomorrow’s ASAPro webinar, “Gain a Competitive Advantage—Stop the Commodity Rat Race.” It takes place Nov. 7, 3–4 p.m. Eastern time.
ASAPro webinars are free for ASA members and qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.