BG Staffing, Inc. reported earnings results for the second quarter and six months ended July 1, 2018. For the quarter, the company reported net income of $5,170,000 or $0.54 per diluted share compared to net income of $2,285,000 or $0.25 per diluted share reported in the same period last year. Revenues were $70,945,000 against $68,774,000 reported last year. Adjusted EBITDA was $7,883,000 against $6,634,000 reported last year. Revenues were impacted positively by an 8.6% increase in volume of double borrowers over second quarter of 2017, partially offset by a 5.3% decrease in company's average bill rate.

For the six months, the company reported net income of $7,635,000 or $0.82 per diluted share compared to net income of $3,586,000 or $0.40 per diluted share reported in the same period last year. Revenues were $137,801,000 against $125,618,000 reported last year. Adjusted EBITDA was $13,281,000 against $10,776,000 reported last year.

The company expects to open 4 more offices in the year 2018 in its real estate segment.

The current estimate of the effective income tax rate for the third and fourth quarters of 2018 is approximately 25.3%.