Labor Ready to Present Company Update
15 Noviembre 2006 - 6:00AM
Business Wire
Labor Ready, Inc. (NYSE: LRW) CEO and President Steve Cooper and
CFO Derrek Gafford will review the company�s current strategies and
operational trends with analysts and portfolio managers at 11:30
a.m. (ET), today in New York City. The presentation will be
available on the Labor Ready website (http://www.laborready.com)
under Investor Relations. In anticipation of management�s
presentation, the company reaffirmed its previously released
forecast for the fourth quarter of 2006. The company estimates
revenue for the fourth quarter to be between $342 million and $345
million. Estimated net income per diluted share for the fourth
quarter is expected to be between $.29 and $.31. Management also
provided their initial outlook for fiscal year 2007. Net income per
share for the year is estimated to be between $1.40 and $1.45.
Estimated revenue for the year is expected to be in the range of
$1.395 to $1.425 billion. Labor Ready also announced plans to open
approximately 40 branch offices in 2007. The company expects to
release its financial results for the fourth quarter ending Dec.
29, 2006, before the market opens on Feb. 1, 2007, and will host a
conference call at 8 a.m. (PT) on Feb. 1, 2007. Details for the
conference call will be announced separately. This news release
contains forward-looking statements, such as statements about the
ranges of revenues, gross margins and net income anticipated for
future periods, improvements in safety and workers� compensation
claims and costs, strategies for increasing revenue and net income,
and other factors that may affect Labor Ready�s financial results
and operations in the future. Labor Ready�s actual results are,
however, subject to a number of risks, including without limitation
the following: 1) national and global economic conditions; 2) Labor
Ready�s ability to continue to attract and retain customers and
maintain profit margins in the face of new and existing
competition; 3) potential new laws and regulations that could have
a materially adverse effect on Labor Ready�s operations and
financial results; 4) significant labor disturbances which could
disrupt industries Labor Ready serves; 5) increased costs and
collateral requirements in connection with Labor Ready�s insurance
obligations, including workers� compensation insurance; 6) the
adequacy of Labor Ready�s financial reserves; 7) Labor Ready�s
continuing ability to comply with financial covenants in its lines
of credit and other financing agreements; 8) Labor Ready�s ability
to attract and retain competent employees in key positions or to
find temporary employees or skilled trade workers to fulfill the
needs of our customers; 9) Labor Ready�s ability to successfully
complete and integrate acquisitions that it may make from time to
time; 10) execute strategies for acquired companies; and 11) other
risks described in Labor Ready�s filings with the Securities and
Exchange Commission, including its most recent Form 10-K and Form
10-Q filings. About Labor Ready Labor Ready is an international
provider of temporary employees for manual labor, light industrial
and skilled construction trades, operating under the brand names of
Labor Ready, Workforce, Spartan Staffing, and CLP Resources. Labor
Ready�s customers are primarily small- to mid-sized businesses in
the construction, warehousing, hospitality, landscaping,
transportation, light manufacturing, retail, wholesale, facilities
and sanitation industries. Annually, Labor Ready serves
approximately 300,000 customers and puts more than 600,000 people
to work through its more than 925 branch offices in the United
States, Canada, and the United Kingdom. For additional information,
visit Labor Ready�s website at www.laborready.com. Labor Ready,
Inc. (NYSE: LRW) CEO and President Steve Cooper and CFO Derrek
Gafford will review the company's current strategies and
operational trends with analysts and portfolio managers at 11:30
a.m. (ET), today in New York City. The presentation will be
available on the Labor Ready website (http://www.laborready.com)
under Investor Relations. In anticipation of management's
presentation, the company reaffirmed its previously released
forecast for the fourth quarter of 2006. The company estimates
revenue for the fourth quarter to be between $342 million and $345
million. Estimated net income per diluted share for the fourth
quarter is expected to be between $.29 and $.31. Management also
provided their initial outlook for fiscal year 2007. Net income per
share for the year is estimated to be between $1.40 and $1.45.
Estimated revenue for the year is expected to be in the range of
$1.395 to $1.425 billion. Labor Ready also announced plans to open
approximately 40 branch offices in 2007. The company expects to
release its financial results for the fourth quarter ending Dec.
29, 2006, before the market opens on Feb. 1, 2007, and will host a
conference call at 8 a.m. (PT) on Feb. 1, 2007. Details for the
conference call will be announced separately. This news release
contains forward-looking statements, such as statements about the
ranges of revenues, gross margins and net income anticipated for
future periods, improvements in safety and workers' compensation
claims and costs, strategies for increasing revenue and net income,
and other factors that may affect Labor Ready's financial results
and operations in the future. Labor Ready's actual results are,
however, subject to a number of risks, including without limitation
the following: 1) national and global economic conditions; 2) Labor
Ready's ability to continue to attract and retain customers and
maintain profit margins in the face of new and existing
competition; 3) potential new laws and regulations that could have
a materially adverse effect on Labor Ready's operations and
financial results; 4) significant labor disturbances which could
disrupt industries Labor Ready serves; 5) increased costs and
collateral requirements in connection with Labor Ready's insurance
obligations, including workers' compensation insurance; 6) the
adequacy of Labor Ready's financial reserves; 7) Labor Ready's
continuing ability to comply with financial covenants in its lines
of credit and other financing agreements; 8) Labor Ready's ability
to attract and retain competent employees in key positions or to
find temporary employees or skilled trade workers to fulfill the
needs of our customers; 9) Labor Ready's ability to successfully
complete and integrate acquisitions that it may make from time to
time; 10) execute strategies for acquired companies; and 11) other
risks described in Labor Ready's filings with the Securities and
Exchange Commission, including its most recent Form 10-K and Form
10-Q filings. About Labor Ready Labor Ready is an international
provider of temporary employees for manual labor, light industrial
and skilled construction trades, operating under the brand names of
Labor Ready, Workforce, Spartan Staffing, and CLP Resources. Labor
Ready's customers are primarily small- to mid-sized businesses in
the construction, warehousing, hospitality, landscaping,
transportation, light manufacturing, retail, wholesale, facilities
and sanitation industries. Annually, Labor Ready serves
approximately 300,000 customers and puts more than 600,000 people
to work through its more than 925 branch offices in the United
States, Canada, and the United Kingdom. For additional information,
visit Labor Ready's website at www.laborready.com.
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