Labor SMART, Inc. (LTNC) Posts Strong Revenue Growth for February 2014

Labor SMART, an emerging provider of on-demand blue collar staffing primarily in the southeastern United States, reports record February revenue, as well as a year-over-year increase in same branch sales.

For offices in operation for at least 12 months, Labor SMART reports revenue of $959,472, an increase of 23 percent from revenues of $778,748 reported in February 2013. Overall February 2014 revenue for Labor SMART was $1.4 million, an increase of 81 percent compared to revenues of $778,748 for the same month prior year.

“We were extremely pleased with this revenue growth in February as weather-related events negatively impacted many businesses in the U.S., particularly in our primary areas of operations during the month. Without these weather-related issues, we believe our revenue would have been much higher than what was achieved. This marks the 15th straight month we have recorded a year-over-year increase in revenue at branches that were open at least one year,” Labor SMART CEO Ryan Schadel stated in the news release.

Labor SMART also reported a significant increase in revenue for the month of January, as well and recently reported that its 2013 revenue was 130.7 percent higher than that recorded in 2012.

Schadel added that the company intends to continue to grow organically, to open new stores, and explore acquisitions that would be accretive to the company’s revenue and earnings.

For more information, visit www.laborsmart.com

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