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BGSF Inc (NYSE: BGSF) delivers workforce solutions through specialized staffing and consulting services across property management and technology sectors. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
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Key updates include developments across BGSF's service brands such as BG Multifamily staffing solutions, Vision Technology Services IT consulting, and Donovan & Watkins professional placements. Track meaningful events impacting the company's dual-segment strategy in property services and high-skill technical staffing.
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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.
BGSF, Inc. (NYSE: BGSF) reported robust financial results for Q1 2022, with revenues climbing 37.8% to $69 million. Net income reached $15.5 million, or $1.48 per diluted share, compared to only $0.7 million, or $0.07 per share in 2021. Gross profit also increased 44.5% to $23.4 million, with a gross profit margin of 34.2%. The Board declared a quarterly dividend of $0.15 per share, marking the 30th consecutive payment. BGSF is optimistic about 2022, anticipating growth in both its Real Estate and Professional segments.
BGSF, Inc. (NYSE: BGSF) is set to reveal its first quarter 2022 financial results during a conference call on April 28, 2022, at 9:00 a.m. ET. The call will be led by Beth Garvey, President and CEO, and Dan Hollenbach, CFO. Interested parties can join via phone or access a webcast. A press release containing the financial results will be issued after market close on April 27, 2022. BGSF offers workforce solutions across various industries and was ranked 79th among U.S. staffing companies, indicating its significant industry presence.
BGSF, Inc. reported robust financial results for Q4 and fiscal year 2021, demonstrating significant growth. Q4 net income surged to $5.3 million ($0.50 per diluted share), up from $2.2 million in 2020. Adjusted EPS was $0.38, a rise from $0.28. For the full year, net income reached $14.1 million ($1.35 per diluted share), compared to $1.4 million in 2020, with adjusted EPS increasing to $1.33 from $1.08. Revenues for Q4 were $67.7 million, up 37.8%, and $239 million for the year, a 15.4% increase. The company also announced the sale of its InStaff segment to Jobandtalent.
BGSF, Inc. has signed a definitive agreement to sell its Light Industrial segment assets, known as InStaff, to Jobandtalent, a digital workforce marketplace based in Madrid. The transaction is expected to close in Q1 2022, pending customary conditions. This divestiture aligns with BGSF's strategy to focus on high-margin business sectors and enhances their capital for investments in managed services and consulting solutions. InStaff has maintained a 96% client retention rate and is expected to thrive under Jobandtalent.
BGSF, Inc. will hold a conference call on March 10, 2022, at 9:00 a.m. ET to discuss its fourth quarter 2021 financial results. The teleconference will be hosted by Beth Garvey, President and CEO, and Dan Hollenbach, CFO. A press release detailing the financial results will be issued after the market closes on March 9, 2022. Participants can join by calling 844-200-6205 (U.S.) or 929-526-1599 (international) and entering access code 954101. The replay will be available until March 17, 2022.
