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Home > Company Index > Diversified Services > Staffing, Outsourcing & Other Human Resources Services > Labor Ready, Inc.

Labor Ready, Inc.
NYSE: LRW
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 NEWS FROM THE WIRES
Labor Ready reports lower Q2 sales
Jul 18 2001 05:43 AM PDT

More WIRE STORIES about this company

 PROFILE
Another day, another dollar. Labor Ready specializes in providing temporary workers for manual day labor. It attracts workers for short-term, unskilled jobs for some 290,000 customers in fields such as construction, landscaping, and light manufacturing. Laborers are paid the same day they work and can choose between a check or cash. Labor Ready operates about 825 dispatch offices throughout North America and in the UK. The embattled company has seen same store sales drop and its stock price plummet in the past year; it also has been sued by workers. Founder Glenn Welstad resigned as CEO in 2000 after taking an unauthorized company loan.

 COMPETITION
AHL Services, Inc. (AHLS)
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Manpower Inc. (MAN)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 976.60
1-Yr. Sales Growth: 14.8%
Employees: 3,250
Revenue per employee: $300,492.31

 KEY PEOPLE
• Richard L. King
    CEO
• Steven C. Cooper
    CFO

 CONTACT INFO
1015 A St.
Tacoma, WA 98402
US
Phone: 253-383-9101
Fax: 800-587-9257
Online: Web Site

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