Delaware | 001-36704 | 26-0656684 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 | Results of Operations and Financial Condition. |
Item 7.01 | Regulation FD Disclosure. |
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit No. | Description | |
99.1 | Press release dated | February 17, 2017 |
BG STAFFING, INC. | |||
Date: | February 17, 2017 | /s/ Dan Hollenbach | |
Name: Title: | Dan Hollenbach Chief Financial Officer and Secretary (Principal Financial Officer) |
Exhibit No. | Description | |
99.1 | Press release dated | February 17, 2017 |
• | Revenues are expected to be $253.9 million, a 16.7% increase over 2015. |
• | Net income is expected to be $6.9 million, a 28.7% increase over 2015. |
• | Fully diluted earnings per share are expected to be $0.82 versus $0.73 in 2015. |
• | Adjusted EBITDA is expected to be $22.6 million, a 26.4% increase over 2015. |
(dollars in millions) | ||||||||
December 25, 2016 | December 27, 2015 | |||||||
Net income | $ | 6.9 | $ | 5.3 | ||||
Interest expense, net | 4.0 | 3.0 | ||||||
Income tax expense | 4.3 | 3.4 | ||||||
Depreciation and amortization | 6.7 | 5.5 | ||||||
Loss on extinguishment of debt | 0.4 | 0.4 | ||||||
Share-based compensation | 0.3 | 0.4 | ||||||
Put option adjustment | — | (0.1 | ) | |||||
Adjusted EBITDA | $ | 22.6 | $ | 17.9 |
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