NYSE:BGSF

BGSF, Inc. Announces Review of Strategic Alternatives and Suspension of Quarterly Cash Dividend

Retrieved on: 
Wednesday, May 8, 2024
Consulting, Other Professional Services, Professional Services, Human Resources, Workforce, Sale, Dislocation, Disclosure, Chair, Management

BGSF, Inc. (NYSE: BGSF), a national provider of consulting, managed services, and workforce solutions, today announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives and has engaged Houlihan Lokey as its financial advisors in this endeavor to maximize shareholder value, and the Company has also suspended its quarterly cash dividend until this strategic review is complete.

Key Points: 
  • BGSF, Inc. (NYSE: BGSF), a national provider of consulting, managed services, and workforce solutions, today announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives and has engaged Houlihan Lokey as its financial advisors in this endeavor to maximize shareholder value, and the Company has also suspended its quarterly cash dividend until this strategic review is complete.
  • “Given the continued dislocation of BGSF’s public market valuation, the Board and I believe evaluating strategic alternatives and suspending the cash dividend are prudent measures as we continue to look for ways to maximize value for our shareholders,” said Beth Garvey, Chair, President, and Chief Executive Officer.
  • There are no assurances of the timing or outcome of this review or that this review will result in a merger, divestiture, sale, or other transaction, and the Company will not comment further until it determines that disclosure is appropriate or required.

BGSF, Inc. Reports First Quarter 2024 Financial Results Generated $7.4 Million of Operating Cash Flow

Retrieved on: 
Wednesday, May 8, 2024
Consulting, Small Business, Professional Services, Human Resources, Property management, International, Telephone number (mathematics), ERP, Partnership, Webcast, EPS, Professional, Adjustment, Chair

Q1 2024 Highlights from Operations:

Key Points: 
  • Q1 2024 Highlights from Operations:
    Revenues were $68.8 million for 2024, compared to $75.3 million for 2023.
  • Operating income was $0.4 million in 2024, up from an operating loss of $20.7 million, which included a one-time non-cash impairment of $22.5 million related to trade name intangible assets from the branding to BGSF for all entities.
  • Adjusted EBITDA1 was $2.7 million (3.9% of revenues) in 2024 from $4.3 million (5.6% of revenues) in 2023.
  • BGSF will discuss its first quarter 2024 financial results during a conference call and webcast at 9:00 a.m.

BGSF, Inc. Announces Timing of First Quarter Fiscal Year 2024 Results and Earnings Conference Call

Retrieved on: 
Monday, April 29, 2024
Consulting, Other Professional Services, Professional Services, Human Resources, Workforce, International, Chair

BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its first quarter fiscal year 2024 results on Wednesday, May 8, 2024, after the market close.

Key Points: 
  • BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its first quarter fiscal year 2024 results on Wednesday, May 8, 2024, after the market close.
  • In conjunction with the release, Beth Garvey, Chair, President, and Chief Executive Officer, and John Barnett, Chief Financial Officer, will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, May 9, 2024.
  • A replay of the call will be available until Thursday, May 16, 2024.
  • The live webcast is accessible at the investor relations section of the Company's website at https://investor.bgsf.com/events-and-presentations/default.aspx .

BGSF, Inc. Participating in the 36th Annual Roth Conference

Retrieved on: 
Thursday, March 14, 2024
Consulting, Professional Services, Other Professional Services, Small Business, Human Resources, Chair, Conference

BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional solutions, today announced that Beth Garvey, Chair, President, and Chief Executive Officer, and John Barnett, Chief Financial Officer, will participate in the 36th Annual Roth Conference on March 18-19, 2024, in Laguna Niguel, CA.

Key Points: 
  • BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional solutions, today announced that Beth Garvey, Chair, President, and Chief Executive Officer, and John Barnett, Chief Financial Officer, will participate in the 36th Annual Roth Conference on March 18-19, 2024, in Laguna Niguel, CA.
  • Investors interested in arranging a one-on-one meeting should contact your conference representative or the Company’s investor relations contacts below.

BGSF, Inc. Reports Full Year and Fourth Quarter 2023 Financial Results

Retrieved on: 
Wednesday, March 13, 2024
Consulting, Professional Services, Other Professional Services, Small Business, Human Resources, Chair, International, Webcast, ERP, Operating cost, Telephone number (mathematics), Acquisition, Property management, Beauty salon

BGSF, Inc. ( NYSE: BGSF ), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for its fiscal year and fourth fiscal quarter ended December 31, 2023.

Key Points: 
  • BGSF, Inc. ( NYSE: BGSF ), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for its fiscal year and fourth fiscal quarter ended December 31, 2023.
  • Note: Fiscal 2023 financial results are on a 52-week year ended December 31, 2023, compared to Fiscal 2022 financial results on a 53-week year ended January 1, 2023.
  • Note: Fourth quarter 2023 financial results are on a 13-week period ended December 31, 2023, compared to fourth quarter 2022 financial results on a 14-week period ended January 1, 2023.
  • Fourth quarter 2023 Same Day Revenue(1), Same Day Gross Profit(1) and Same Day EBITDA(1) increased 3.1%, 1.8%, and 38.2% from 2022, respectively.

BGSF’s Beth Garvey Recognized as an Influential Leader in Staffing Industry Analysts (SIA) 2024 Staffing 100 North America List

Retrieved on: 
Thursday, February 29, 2024
Professional Services, Data Management, Technology, Human Resources, Software, Consulting, Culture, SIA

BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services, and professional workforce solutions, announced that Beth Garvey has recently been recognized by the Staffing Industry Analysts (SIA) Staffing 100 North America list as one of North America’s most influential staffing leaders for 2024.

Key Points: 
  • BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services, and professional workforce solutions, announced that Beth Garvey has recently been recognized by the Staffing Industry Analysts (SIA) Staffing 100 North America list as one of North America’s most influential staffing leaders for 2024.
  • John Barnett, Chief Financial Officer at BGSF, stated, "Beth Garvey's leadership has been pivotal in shaping BGSF's culture and impact, both within our organization and through our client partnerships.
  • Her unwavering vision and commitment to collaboration, innovation, and excellence have fostered a culture of agility and continuous learning, driving positive change and transforming lives.
  • This recognition as one of North America's most influential staffing leaders is a testament to Beth's influence and dedication to making a meaningful difference in our communities while driving long-term shareholder value at BGSF."

BGSF, Inc. Announces Timing of Fourth Quarter and Fiscal Year 2023 Results and Earnings Conference Call

Retrieved on: 
Monday, February 26, 2024
Consulting, Professional Services, Other Professional Services, Small Business, Human Resources, International, Chair, Workforce

BGSF, Inc. ( NYSE: BGSF ), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its fourth quarter and fiscal year 2023 results on Wednesday, March 13, 2024, after the market closes.

Key Points: 
  • BGSF, Inc. ( NYSE: BGSF ), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its fourth quarter and fiscal year 2023 results on Wednesday, March 13, 2024, after the market closes.
  • In conjunction with the release, Beth Garvey, Chair, President, and Chief Executive Officer, and John Barnett, Chief Financial Officer, will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, March 14, 2024.
  • To access the replay, please dial 1-877-344-7529 (Toll-Free), 1-412-317-0088 (International), and enter access code 6349244.
  • The live webcast is accessible at the investor relations section of the Company's website at https://investor.bgsf.com/events-and-presentations/default.aspx .

BGSF Named a Workday Partner

Retrieved on: 
Wednesday, February 21, 2024
Apps, Applications, Technology, Mobile, Wireless, Human Resources, Consulting, Professional Services, Small Business, Software, Internet, Consultant, Knowledge, WDAY, Investment, Partnership

BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services, and professional workforce solutions, announced it has been named a Workday Partner.

Key Points: 
  • BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services, and professional workforce solutions, announced it has been named a Workday Partner.
  • BGSF has consistently demonstrated its commitment to meeting customers' demands for Workday talent.
  • Through a robust network of highly skilled consultants and an in-depth understanding of the Workday platform, BGSF will help customers make informed decisions about their Workday journey.
  • BGSF's primary focus as a new Workday partner is to leverage their industry expertise to create new demand, expand reach, and help customers discover the potential benefits of Workday technology.

BGSF, Inc. Announces 37th Consecutive Quarterly Dividend

Retrieved on: 
Thursday, February 8, 2024
Consulting, Professional Services, Other Professional Services, Small Business, Human Resources, Workforce, Holding company

BGSF, Inc. (NYSE: BGSF), a leading national provider of workforce solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock.

Key Points: 
  • BGSF, Inc. (NYSE: BGSF), a leading national provider of workforce solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock.
  • The dividend is payable on February 27, 2024, to all shareholders of record as of the close of business on February 20, 2024.
  • This marks the 37th consecutive quarterly dividend and based on the yesterday's closing price of the Company’s common stock, the annualized yield is approximately 5.86%.

BGSF, Inc. Presenting at the 15th Annual Southwest IDEAS Investor Conference on November 15th in Dallas, TX

Retrieved on: 
Thursday, November 9, 2023
Consulting, Professional Services, Other Professional Services, Small Business, Human Resources, NYSE, Conference, Cryptocurrency, BGSF

BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional solutions, today announced that the Company will present at the Southwest IDEAS Investor Conference on November 15, 2023, at The Statler Dallas, and the presentation is scheduled to begin at 10:05 am CT.

Key Points: