Command Center (CCNI) Posts Q2 Results, Expectations for Future Growth

QualityStocks would like to highlight Command Center (OTCBB: CCNI), provider of on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, disaster relief, hospitality, and event services.

In the company’s news yesterday,

Command Center posted its second-quarter results for the three months ended July 1, 2011.

Revenue for the quarter was $20.41 million, a 7 percent increase over revenue of $19.08 million recorded in the comparable quarter of 2010.

For the five-week reporting period of June 2011, Command announced revenue of $7.89 million compared to $9.32 million in comparable timeframe of 2010.

Command’s core business, total revenue minus revenue derived from short-term disaster recovery projects, increased 29 percent to $19.80 million in the second quarter of 2011 from $15.36 million reported in the second quarter of 2010. For the month of June 2011, core business revenue increased 25 percent to $7.84 million compared to core revenue of $6.28 million in June 2010.

Glenn Welstad, chairman and CEO of the company, said the June decline is due to contribution of more than $3 million in revenue from activities stemming from the Gulf oil spill in June 2010, and pointed to strong results in overall month and second-quarter figures.

“Also, operational adjustments by management in the second quarter led to a significant rebound in gross margins from those reported in the previous quarter, and we expect further improvements going forward,” Welstad stated in the press release.

In addition to focusing on improving its core business, Welstad said the company will focus on providing its services to distressed areas such as Joplin, Mo., Minot, ND, and Montana’s Yellowstone River.

“We are confident in the ability of our people and systems to respond to such a wide range of needs and demands,” Welstad said, and this should help to accelerate our growth in the second half of 2011 and beyond,” Welstad stated.

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