Bgsf Inc - BGSF STOCK NEWS

BGSF, Inc. reported strong fiscal results for 2022, with full-year revenues reaching $298 million, marking a 24.8% increase from 2021, supported by 24.2% organic growth. The company achieved a net income of $11.3 million or $1.07 per diluted share, an improvement from $10.5 million in the prior year. Gross profit rose 27.9% to $103.5 million, with gross profit margins increasing to 34.7%. For Q4 2022, revenues were $77.3 million, a 14.2% increase, but net income decreased to $1.4 million from $4.3 million in Q4 2021 due to a prior year CARES Act credit. Adjusted EBITDA for the year was $22 million, up 45%.

BGSF, Inc. (NYSE: BGSF), a national provider of consulting and workforce solutions, announced that its executives, Beth Garvey and Dan Hollenbach, will meet with investors on March 13-14, 2023, at the 35th Annual Roth Conference in Laguna Niguel, California. These 1-on-1 meetings aim to engage the investment community. Interested parties can schedule meetings through Roth representatives or by contacting Three Part Advisors via email at ir@bgstaffing.com. The company also provides an investor presentation available on its website, emphasizing its growth in the consulting and staffing industry.

BGSF, Inc. has announced the appointment of John Barnett as its new Chief Financial Officer, effective March 20, 2023. Barnett succeeds Dan Hollenbach, who held the position since August 2015 and will assist in the transition until April 30, 2024. Beth Garvey, CEO, expressed confidence in Barnett's expertise in finance and his collaborative leadership style. The company continues to provide consulting and workforce solutions to various industries and is recognized among the largest staffing firms in the U.S. Barnett, who has extensive experience in finance and strategy, previously served as CFO for Protective Insurance (NASDAQ: PTVC) and First Acceptance (NYSE: FAC).

BGSF, Inc. will hold a conference call on March 9, 2023, at 9:00 a.m. ET to discuss its fourth quarter and full year 2022 financial results. The call will feature CEO Beth Garvey and CFO Dan Hollenbach, with the press release issued after market close on March 8, 2023. Interested participants can join via phone or access the live webcast at www.bgsf.com. BGSF has been recognized as the 94th largest U.S. staffing company and the 49th largest IT staffing firm in 2022, showcasing its growth and leadership in workforce solutions.

BGSF, Inc. (NYSE: BGSF) has declared a quarterly cash dividend of $0.15 per share of common stock, payable on March 2, 2023, to shareholders of record as of February 23, 2023. This dividend marks the 33rd consecutive quarter of payouts, reflecting confidence in the company's long-term growth strategy with an annualized yield of approximately 3.9% based on recent trading. BGSF provides workforce solutions across various sectors and was recognized as the 94th largest U.S. staffing company in 2022.

BGSF, Inc. (NYSE: BGSF), a leading provider of consulting and workforce solutions, announced that Beth Garvey, Chair, President, and CEO, along with Dan Hollenbach, CFO, will participate in the Alliance Global Partners (AGP) Virtual Growth Technology Conference on February 16, 2023. The management team will be available for one-on-one meetings with investors. Interested parties can schedule meetings through AGP representatives or Three Part Advisors via email. A detailed investor presentation is accessible on BGSF's website. The company is recognized as the 94th largest staffing firm in the U.S. and invests in diverse industries through a disciplined acquisition strategy.

BGSF, Inc. has appointed Christopher Loope as Chief Strategy Officer and Nycole Rosen as Chief Information Officer, aiming to bolster its growth strategy in 2023. Loope, who joined the company in January 2019, previously led significant technology modernization efforts, contributing to a robust M&A growth trajectory. Rosen has been with BGSF since 2019, where she established the Project Management Office and modernized technology systems. These promotions are expected to enhance operational resilience and market share, aligning with CEO Beth Garvey's vision for innovation and leadership in the company.

BGSF, Inc. has announced the acquisition of Horn Solutions, Inc., enhancing its position in consulting, managed services, and workforce solutions. Horn, based in Texas, reported unaudited revenues of approximately $30 million for the trailing twelve months ending September 2022. This acquisition is anticipated to generate cross-selling opportunities and synergies, strengthening BGSF's existing offerings in IT managed services. BGSF aims to leverage Horn’s relationships and expertise to expand its service range and drive growth in 2023 and beyond.

BGSF has appointed Melissa Phillips as the new Chief Digital Officer, joining the executive leadership team to spearhead strategic technology enhancements. Phillips brings extensive experience in digital transformation from her previous roles at Adecco and EmployBridge. Her leadership is expected to improve client and applicant journeys, focusing on personalization and enhanced user experiences.

CEO Beth A. Garvey expressed excitement about leveraging Phillips' expertise to drive digital advancements and create scalable touchpoints for users.