Wednesday October 7, 7:30 am Eastern Time
Company Press Release
SOURCE: Labor Ready, Inc.
Labor Ready Revenue for Five Weeks Ended October 2 Rose 80% to $76.9 Million
TACOMA, Wash., Oct. 7 /PRNewswire/ -- Labor Ready, Inc. (Nasdaq: LBOR - news), the nation's leading provider of temporary manual labor, reported that sales for the five weeks ended October 2, climbed 80% to a record $76.9 million from $42.8 million for the same period a year earlier. The Company said year-to-date revenue through October 2 was a record $428.8 million, an increase of 86% from revenue of $231.0 million for the same period last year. Labor Ready had 484 offices as of October 2, up from 312 offices a year ago.
Labor Ready Chairman and CEO Glenn Welstad said, ''September's sales results reflect the continued strength of demand for temporary manual labor and Labor Ready's leadership position in terms of size and service in this segment of the business.'' Welstad noted the Company continues to experience strong demand for temporary manual labor and is filling those positions easily and quickly.
Based in Tacoma, Washington, Labor Ready is the nation's leading provider of temporary manual labor to the light industrial, construction and small business markets, with dispatch offices in 46 states, Puerto Rico and Canada.
This release contains forward-looking statements, such as statements about the Company's growth in revenue, the demand for temporary manual labor and the Company's ability to satisfy market demand. The Company's actual results could differ materially from the results identified in any forward-looking statements. Factors that could cause such a difference include, (1) uncertainties regarding its ability to manage and continue its rapid growth: (2) economic conditions in its key market areas, and (3) other risks described in the Company's 1997 Form 10-K.
SOURCE: Labor Ready, Inc.
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