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Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) reported Q4 2020 revenue of $211.1 million, down from $258.4 million in Q4 2019. Adjusted revenue decreased 11%, with a GAAP operating loss of $11.5 million. Adjusted EPS was $0.11, excluding $15 million in impairment costs. For FY 2020, revenue totaled $822.1 million, compared to $997.1 million in FY 2019, marking a 13.4% drop. Adjusted operating loss was $9.8 million. The North American Staffing segment saw a 13.9% revenue decline. However, adjusted EBITDA rose to $5.9 million in Q4, the highest in four years.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) will announce its financial results for the Fourth Quarter and Full-Year ending November 1, 2020, on January 13, 2021, after market close. CEO Linda Perneau and CFO Herb Mueller will host a conference call at 5:00 PM ET the same day to discuss the results. Investors can join via phone or listen online. A replay will be available for 90 days following the call. Volt provides staffing services globally across various industries, including IT, engineering, and healthcare.