Staffing 360 Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2022
November 21, 2022 at 04:55 pm EST
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Staffing 360 Solutions, Inc. reported earnings results for the third quarter and nine months ended October 01, 2022. For the third quarter, the company reported sales was USD 66.12 million compared to USD 47.5 million a year ago. Net income was USD 1.03 million compared to USD 8.71 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 7 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 6.89 a year ago.
For the nine months, sales was USD 175.07 million compared to USD 146.98 million a year ago. Net loss was USD 3.56 million compared to net income of USD 14.87 million a year ago. Basic loss per share from continuing operations was USD 1.8 compared to basic earnings per share from continuing operations of USD 14.26 a year ago. Diluted loss per share from continuing operations was USD 1.8 compared to diluted earnings per share from continuing operations of USD 13.4 a year ago.
Staffing 360 Solutions, Inc. is an international staffing company. The Company is engaged in the acquisition of domestic and international staffing organizations in the United States. The Companyâs segments include Commercial Staffing - US and Professional Staffing - US. It is pursuing acquisition targets that place candidates in finance and accounting, administration, engineering, information technology, and commercial staffing jobs. The Company, through its subsidiaries, offers temporary contractors and permanent placement services. It offers a range of recruitment services, ranging from contract/temporary staffing, contingency permanent recruitment, retained search and selection, to managed services and recruitment process outsourcing (RPO). The Company offers a range of value-added services for both candidates and clients, including assessment, testing, training, and coaching for hiring managers, and professional guidance on legal/employment matters.
STAFFING 360 SOLUTIONS, INC. 
