Volt Information Sciences, Inc. Reports Fourth Quarter and Fiscal 2019 Financial Results; Achieved full-year positive Adjusted EBITDA; Expect continued improvement in profitability for 2020
Volt Information Sciences, Inc. ("Volt" or the "Company") (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced financial results for the fourth quarter and year ended November 3, 2019.
Fourth Quarter Results
Revenue decreased 2.4% year over year to $258.4 million; Adjusted Revenue* decreased 5.7%.
Gross margin was 16.6%, unchanged versus the comparable quarter in 2018.
GAAP operating income improved by $3.0 million y...