North American Staffing revenue was $191.2 million, a 3.8 percent increase compared to $184.2 million in the prior-year quarter. “We remain confident that with the steady execution of our strategic initiatives and continued heightened demand for our workforce solutions, we will see similar momentum in our second quarter.” Our consistent performance demonstrates our business strategies are sustainable,” said Linda Perneau, President and Chief Executive Officer. “I am very pleased with yet another quarter of strong performance, propelling our positive growth trajectory despite the labor supply challenges. No cash balance or cash flow is included in the calculation.* Adjusted Revenue, Adjusted EPS and Adjusted EBITDA are Non-GAAP measures described and defined below. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Show moreĭisclaimer: The TipRanks Smart Score performance is based on backtested results. The company was founded by Jerome Shaw and William Shaw in 1950 and is headquartered in Uniondale, NY. The Corporate and Other segment includes general and administrative functions as well as remote hire services business in India. The North American MSP segment consists of managing the procurement and on-boarding of contingent workers managing suppliers and providing sourcing and recruiting support statement of work management supplier performance measurement optimization and analysis benchmarking of spend demographics and market rate analysis consolidated customer billing and supplier payment management. The North American and International Staffing segments provide workforce management expertise such as staffing, direct placement, staffing management, and other employment services. It operates through the following segments: North American Staffing, International Staffing, North American MSP, and Corporate and Other. engages in the provision of staffing services.
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