Volt Information Sciences, Inc. Reports Second Quarter Fiscal 2021 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 Year-Over-Year Revenue Growth and Positive Net Income 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 second quarter ended May 2, 2021.Second Quarter SummaryRevenue was $222.1 million, a 7.1% increase compared to the second quarter of fiscal 2020; Adjusted Revenue* increased 5.9%.Gross margin increased 80 basis points year over year to 16.4%.GAAP operating income was $2.7 million, a $7.1 million improvement compared to the prior-year quarter; Adjusted Operating Income*, excluding impairment and restructuring charges, was $3.5 million.GAAP EPS was $0.08 per diluted share compared to a loss of ($0.25) per share in the second quarter of fiscal 2020; Adjusted EPS* was $0.12 per diluted share.Adjusted EBITDA* increased $7.4 million year over year to $6.0 million.* Adjusted Revenue, Adjusted Operating Income (Loss), Adjusted EPS and Ad
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