Volt Information Sciences, Inc. Reports Fourth Quarter and Fiscal 2019 Financial Results
Volt Information Sciences, Inc. (VOLT)
Last volt information sciences, inc. earnings: 3/12 04:00 pm
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Source: Business Wire
Achieved full-year positive Adjusted EBITDAExpect continued improvement in profitability for 2020 NEW YORK--(BUSINESS WIRE)--Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced financial results for the fourth quarter and year ended November 3, 2019.Fourth Quarter ResultsRevenue decreased 2.4% year over year to $258.4 million; Adjusted Revenue* decreased 5.7%.Gross margin was 16.6%, unchanged versus the comparable quarter in 2018.GAAP operating income improved by $3.0 million year over year to $933,000; Adjusted Operating Income improved by $2.9 million year over year to $669,000.Adjusted EBITDA increased $98,000 year over year to $4.8 million.Fiscal 2019 Results Revenue decreased 4.0% year over year to $997.1 million; Adjusted Revenue* decreased 3.5%.Gross margin improved 50 basis points year over year to 15.3%.GAAP operating loss improved year over year by $18.6 million to ($9.8) million; Adjuste
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