Gross margin increased by 260 bps to 27.1%, due to fluctuations in the company’s workers’ compensation expense.
EBITDA margin increased 374 bps to 6.56%.
As a result of increased margin and lower SG&A, income from operations increased by 116.7% Y/Y to $1.3M.
Cash and equivalents of $8M (+2.8% Y/Y).
During 2018, the company purchased ~324K shares of common stock through its share repurchase program at an aggregate price of ~$1.8M for average price of $5.65/share.
As of December 28, 2018, ~$2.8M remains under the current repurchase program.
“In addition to favorable workers’ compensation accrual adjustments compared to previous periods, the $1.2M improvement in net income demonstrates our progress in streamlining operations and improving operating efficiency.” said Rick Coleman, President and CEO of Command Center.
Previously: Command Center reports Q4 results (Apr. 09 2019)
Subscribe for full text news in your inbox