Volt Information Sciences, Inc. Reports Fourth Quarter and Fiscal 2020 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
Reports Highest Quarterly Adjusted EBITDA in Four YearsExpect Continued Improvement in Profitability for 2021 ORANGE, Calif.--(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 1, 2020.Fourth Quarter ResultsRevenue of $211.1 million, compared to $258.4 million in the fourth quarter of fiscal 2019, which included $18.9 million related to the extra fiscal week in fiscal 2019; Adjusted Revenue decreased 11.0%.Gross margin was 16.2%, compared to 16.6% in the prior-year quarter.GAAP operating loss for the quarter was ($11.5) million, compared to operating income of $933,000 in the prior-year quarter; Adjusted Operating Income, excluding impairment and restructuring charges, improved by $1.1 million year over year to $3.5 million.GAAP EPS loss of ($0.58) per share; Adjusted EPS of $0.11 per diluted share, which excludes $15
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