80
Labor Ready (LRW)
Demand for temporary workers is on the rise. And nobody supplies the demand for unskilled labor better than this Tacoma (Wash.)-based outsourcing firm, which puts about 600,000 people to work in a year. Labor Ready's 2005 net income jumped 72% from 2004 to $62 million. It followed up by reporting first-quarter profits of $11.5 million, a 22% increase from $9.4 million in 2004. The company?founded in 1985 to provide temporary help for hauling, cleaning, painting and other manual work?sees demand for such workers picking up through the year. The firm estimates annual revenue could climb as high as $1.4 billion vs. $1.2 billion in 2005. Investors have jumped on board, pushing the up about 45% over the last year to around $25 a share. Labor Ready also has a brand new CEO: Steven Cooper, who had been chief financial officer, took charge in mid-May.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 1,422.9 |
| Sales* ($ Millions) | 1,289.9 |
| Sales Growth (3-yr. avg. annual) |
13.2 % |
| Profits* ($ Millions) | 64.1 |
| Profit Growth (3-yr. avg. annual) | 77.9 % |
| Return on Inv. Capital (3-yr.) | 12.9 % |
| Share Price 12-Mo. Hi/Lo | 28/17 |
| Share Price As of 4/28/06 | 26 |
| Return on Equity | 17.5 % |
| P/E Ratio | 22 |
| No. of Employees | 3,400 |
| Industry | Human Resource & Employment Services |
| CURRENT MARKET INFO | LRW > |
| COMPANY WEB SITE > | |
| Location | Tacoma, Wash. |
| Phone | 253 383-9101 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Labor Ready and its wholly owned subsidiaries provide temporary employees for lifting, hauling, cleaning, assembling, digging, painting, and other types of manual or unskilled work. As of Dec. 30, 2005, it had put approximately 600,000 people to work. The company serves small and mid-size businesses in the construction, transportation, warehousing, hospitality, landscaping, light manufacturing, retail, wholesale, facilities, and sanitation industries. Labor Ready operates in the U.S., Puerto Rico, Canada, and Britain. The company was incorporated in 1985 and has its headquarters in Tacoma, Wash.
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