Pivot Technology Solutions, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported, revenue of $402,430,000, income before extraordinary items of $7,292,000, income before income taxes of $2,568,000, income for the period attributable to shareholders of $2,030,000, adjusted EBITDA of $7,292,000, adjusted EBITDA exclude GTS results of operations of $7,292,000, compared to revenue of $373,708,000, income before extraordinary items of $9,123,000, income before income taxes of $1,403,000, income for the period attributable to shareholders of negative $280,000, adjusted EBITDA of $9,123,000, adjusted EBITDA exclude GTS results of operations of $9,154,000, for the same period a year ago. Basic and diluted earnings per share were $0.05 against basic and diluted loss per share of $0.01 a year ago. The company spent $993,000 on capex.

For the year to date, the company reported, revenue of $732,224,000, income before extraordinary items of $5,742,000, income before income taxes of negative $3,552,000, income for the period attributable to shareholders of negative $2,106,000, adjusted EBITDA of $5,742,000, adjusted EBITDA exclude gts results of operations of $5,742,000, compared to revenue of $706,495,000, income before extraordinary items of $10,574,000, income before income taxes of negative $3,380,000, income for the period attributable to shareholders of negative $4,077,000, adjusted EBITDA of $10,574,000, adjusted EBITDA exclude gts results of operations of $10,362,000, for the same period a year ago. Basic and diluted loss per share was $0.05 against $0.10 a year ago.

Capex plan for 2017 is to spend approximately $3 million in 2017.