Corporate Resource Services, Inc. (NASDAQ:CRRS), a diversified technology, staffing, recruiting, and consulting services firm, will announce its financial results for the third quarter after the market closes on Wednesday, November 13, 2013 and will conduct its first-ever quarterly conference call later that day at 4:30 PM EST. The details of that call will be announced shortly.
“We are looking forward to announcing results that we expect will be very positive for the current quarter,” said John Messina, CEO of Corporate Resource Services. “We are guiding revenues up 17% versus the prior year quarter. EBITDA margins are expected to be up 50% sequentially and we just completed our most profitable month in Company history.”
“We continue to generate organic top-line growth well in excess of most of our competitors, evidence of our continuing ability to take market share,” said Michael Golde, Chief Financial Officer of CRS. “In addition, we continue to execute on strategic initiatives to improve our gross margins and drive efficiency in our SG&A expenses. The result of this execution is driving our bottom line margins significantly higher than what we have generated in the past and we expect to see continued growth in EBITDA margins. We look forward to further communicating our progress to our shareholders.”
About Corporate Resource Services, Inc.:Corporate Resource Services, Inc. provides cloud-based enterprise applications and hosting services to PEO and staffing companies, as well as diversified staffing, recruiting, and consulting services. The Company offers trained employees in the areas of Insurance, Information Technology, Accounting, Legal, Engineering, Science, Healthcare, Life Sciences, Creative Services, Hospitality, Retail, General Business and Light Industrial work. The company’s blended staffing solutions are tailored to our customers’ needs and can include customized employee pre-training and testing, on-site facilities management, vendor management, risk assessment and management, market analyses and productivity/occupational engineering studies.