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BGSF, Inc. (NYSE: BGSF) is a nationwide leader in strategic workforce solutions, headquartered in Plano, Texas. BGSF provides a comprehensive range of workforce solutions to various industries through its family of professional staffing companies, bringing over 100 years of combined experience. The company operates primarily in two segments: Property Management and Professional.
In the Property Management segment, BGSF offers office and maintenance talent to clients, facilitating their staffing needs with both short-term and consulting solutions. Brands like BG Multifamily deliver front office and maintenance temporary talent for apartment communities, ensuring streamlined operations and tenant satisfaction.
The Professional segment is diversified, offering specialized staffing solutions in several key areas. InStaff provides end-to-end workforce and onsite management solutions for warehousing, manufacturing, administration, and call centers. Donovan & Watkins focuses on accounting & finance, HR, engineering, legal, and administrative talent. Smart Resources Accountable Search targets accounting & finance and administrative roles. American Partners and Extrinsic specialize in EPM, CPM, and ERP solutions, with a focus on Oracle, Hyperion, PeopleSoft, Workday, and SAP.
Moreover, Vision Technology Services provides IT consulting and project management services, engaging with Fortune 500 companies and consulting firms nationwide. BGSF's workforce services include on-demand assignments, consulting, and managed solutions, allowing clients to flexibly manage their workforce needs.
With a strategic approach to converting fixed personnel costs to variable expenses, BGSF enables companies to effectively address fluctuations in demand while optimizing costs. This approach has made BGSF a valuable partner for businesses seeking to streamline their workforce strategies and enhance productivity.
Recent Achievements and Current Projects:
- Expansion of service offerings in the IT segment with new partnerships and technologies.
- Recent accolades for client satisfaction in property management staffing solutions.
- Increased focus on sustainable and inclusive hiring practices across all segments.
BGSF, Inc. (NYSE: BGSF), a provider of workforce solutions, will present at the Southwest IDEAS Investor Conference on November 17, 2022, at 9:30 am CT in Dallas. The presentation will be webcast and accessible via the conference host's website and BGSF's investor relations page. The company ranks as the 94th largest staffing company and 49th in IT staffing in the U.S., showcasing its growth through disciplined acquisitions and strong management. For more details, visit www.bgsf.com.
BGSF, Inc. (BGSF) reported a strong Q3 2022 with revenues of $78.5 million, up 22.3% year-over-year, and a gross profit of $28.0 million, reflecting a 27.0% increase. The adjusted EBITDA margin stood at 10.2%, marking a significant rise from 8.4% in 2021. The company declared a quarterly cash dividend of $0.15 per share, its 32nd consecutive dividend, resulting in an annualized yield of approximately 4.8%. Net income rose to $4.7 million ($0.44 per diluted share) from $3.7 million ($0.36 per diluted share) in the prior year. For the first nine months of 2022, total revenues reached $221.1 million, an increase of 29.1% from 2021.
BGSF, a leader in workforce solutions, has partnered with Interplay Learning to enhance skilled trades training in multifamily property management. This initiative addresses labor shortages by providing a 320-hour fast-track program that prepares candidates for immediate job application. The collaboration not only benefits management companies by delivering ready-to-work candidates but also empowers individuals to improve their skills and earning potential. BGSF aims to attract new talent to the industry, fostering a generation of dedicated maintenance professionals.
BGSF, Inc. (NYSE: BGSF), a leader in workforce solutions, will discuss its third quarter 2022 financial results in a conference call on November 3, 2022, at 9:00 a.m. ET. The call will be led by CEO Beth Garvey and CFO Dan Hollenbach. A press release and Form 10-Q will be released after market close on November 2, 2022. BGSF, ranked 94th among U.S. staffing firms and 49th in IT staffing by Staffing Industry Analysts, continues to grow through disciplined acquisitions that enhance service and value for investors.
BGSF, Inc. (NYSE: BGSF), a leader in workforce solutions, will present at the Midwest IDEAS Investor Conference on August 24, 2022, in Chicago at 10:15 am CT. The presentation will be accessible via the conference's website and BGSF's investor relations page. BGSF operates divisions in IT, Cyber, Finance & Accounting, Creative, and Real Estate, achieving significant growth with a disciplined acquisition strategy. Ranked as the 94th largest staffing company and 49th in IT staffing in 2022, BGSF emphasizes talent retention and exceptional service for clients and investors.
BGSF, Inc. (NYSE: BGSF) reported Q2 2022 revenues of $74.1 million, a 29.1% increase year-over-year, with net income rising to $3.2 million, or $0.30 per diluted share. Gross profit also saw a significant increase of 30.2% to $25.1 million. The company declared a quarterly cash dividend of $0.15 per share, marking its 31st consecutive payout, with an annualized yield of approximately 4.7%. Adjusted EBITDA rose to $5.4 million, reflecting strong operational results and confidence in the labor market.
BGSF, Inc. will host a conference call to discuss its second quarter 2022 financial results on August 4, 2022, at 9:00 a.m. ET. The call will be led by Beth Garvey, Chair, President, and CEO, and Dan Hollenbach, CFO. Investors can access the press release after the market closes on August 3, 2022. Participants can join by dialing 844-200-6205 for U.S. callers or 929-526-1599 for others, using access code 464896. A replay will be available until August 11, 2022.
BGSF, Inc. (NYSE: BGSF) announced its participation in the virtual East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available at 6:00 am ET, accessible via the conference's website and BGSF's investor relations page. The IDEAS Conferences provide a platform for companies to showcase their investment potential to a select group of investment professionals. BGSF specializes in workforce solutions across various sectors, including IT and real estate, and was ranked among the largest staffing firms in the U.S. in 2021.
The NACD North Texas Chapter announced new officers and board members for the 2022-2023 term, effective July 1, 2022. Margot Carter, president of Living Mountain Capital, assumes the role of board chair, leading a team including Ray Hemmig as vice chair, Todd Murray as secretary, and Bill Buechele as treasurer. New board members include notable leaders such as Beth Garvey, CEO of BGSF, and Shane Goodwin, finance professor at Southern Methodist University. The board aims to enhance governance practices and elevate board performance in the Dallas-Fort Worth area.
BGSF, Inc. will participate in the Taglich Brothers 18th Annual Investment Conference on May 2, 2022, in New York. President and CEO Beth Garvey and CFO Dan Hollenbach will present at 9:15 a.m. EST and hold a breakout session afterwards. The presentation will be available via live webcast on BGSF's website. BGSF, a leading workforce solutions provider based in Plano, Texas, ranks as the 79th largest staffing company in the U.S. and the 48th in IT staffing, emphasizing a disciplined acquisition strategy for growth.
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