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Article: Labor Ready Announces 2007 Third Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 17, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TACOMA, Wash. -- Labor Ready, Inc. (NYSE:LRW) reported revenue for the third quarter ended Sept. 28, 2007, of $390.7 million, an increase of 4.4 percent from $374.1 million for the third quarter of 2006. Net income for the third quarter was $22.7 million or $0.51 per diluted share, a decrease in net income of 8.5 percent, as compared to $24.8 million or $0.48 per diluted share for the third quarter of 2006.
"Although the operating environment in industrial staffing remains difficult, we continued our positive momentum in same branch sales growth and stabilized our gross profit margin this quarter despite the minimum wage increases throughout the year," said Labor ...