BGSF Inc. provides workforce solutions and placement services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial. The Real Estate segment provides office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment offers skilled IT professionals with expertise in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, and other IT workforce solutions, as well as finance, accounting, legal, human resource, and related support personnel. Its client partners include Fortune 500 companies, and medium and small companies, as well as consulting firms that engage in systems integration projects. The Light Industrial segment offers skilled and unskilled field talent to manufacturing, distribution, logistics, and call center client partners. It has 11 branch offices and 13 on-site locations operating in 7 states. The company was formerly known as BG Staffing, Inc. and changed its name to BGSF Inc. in February 2021. BGSF Inc. was founded in 2007 and is headquartered in Plano, Texas.
IPO Year:
Exchange: NYSE
Website: bgsf.com
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BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, managed services, and professional workforce solutions, announced today that it has signed a definitive agreement to sell its Professional Division to INSPYR Solutions ("INSPYR"), a portfolio company of A&M Capital Partners, for $99 million in an all-cash deal. The definitive agreement between BGSF and INSPYR encompasses BGSF's Professional segment, comprising its IT Consulting, Finance and Accounting, Managed Solutions, and Near and Offshore Software Engineering practices. This transaction is expected to close during the second half of 2025, subject to shareholder approval and the fulfillment of other customary closing conditions.
Elevating BGSF's Professional Consulting Solutions for Workday Deployment BGSF, Inc. (NYSE:BGSF), a growing provider of consulting, managed services, and professional workforce solutions, announced today that it has become a Workday Deployment Partner. This new designation further solidifies BGSF's trusted Workday Services Partner role, enhancing its ability to deliver top-tier talent and comprehensive support to Workday customers nationwide. Workday is the AI platform for managing people, money, and agents. BGSF has served as a Workday Services Partner for almost two years. With a deep understanding of the Workday platform, BGSF has consistently provided exceptional consultants and workf
BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, managed services, and professional workforce solutions, today reported financial results for the first fiscal quarter ended March 30, 2025. Q1 2025 Highlights (results include sequential comparisons to Q4 2024): Revenues were $63.2 million for Q1, compared to $64.4 million for Q4. Property Management segment revenues decreased 14.1% from Q4, primarily driven by seasonal demand. Professional segment revenues increased 5.6% from Q4, primarily due to an increase in billed hours of approximately 5%. Gross profit was $20.9 million for Q1, down from $21.5 million in Q4, primarily due to lower sales in Property Management. Net
BGSF, Inc. (NYSE:BGSF), a growing provider of consulting, managed services, and workforce solutions, today announces that it will release its fiscal 2025 first quarter results on Wednesday, May 7, 2025, after the market close. In conjunction with the release, management will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, May 8, 2025. Interested participants may dial 1-888-506-0062 (Toll-Free) or 1-973-528-0011 (International) and enter the access code 440522. A call replay will be available until Thursday, May 22, 2025. To access the replay, please dial 1-877-481-4010 (Toll-Free) or 1-919-882-2331 (International) and enter the access code
BGSF and SISSCORP Collaborate with Innovation, Compliance, and Higher Education Excellence Across Texas BGSF, Inc. (NYSE:BGSF), a leading national provider of consulting, managed services and workforce solutions, today announces its strategic partnership by collaborating with SISSCORP®, a trusted Workday® Innovation Partner, to support Texas higher education institutions in meeting complex compliance and regulatory demands through the innovative SISSTEX© application, built on the Workday® platform. BGSF has a proven track record of providing exceptional talent to Workday customers nationwide. With an in-depth knowledge of the Workday product, our resources and consultants are readily avail
BGSF (NYSE:BGSF), a leader in strategic workforce solutions, is proud to announce that it has been recognized as a Best Place for Working Parents® for the fifth consecutive year. This designation highlights BGSF's ongoing commitment to supporting working parents by implementing family-friendly policies that enhance employee well-being and business success. The Best Place for Working Parents® award is given to companies that meet high standards in ten key family-friendly policies, including paid time off, parental leave, flexible work schedules, and childcare assistance. BGSF's continued recognition reflects its dedication to creating a workplace that prioritizes work-life balance and foste
Keith Schroeder Assumes CFO Position BGSF, Inc. (NYSE:BGSF), a leading national provider of consulting, managed services and workforce solutions, today announces their leadership succession plan with the appointment of Mr. Keith Schroeder as the Company's Chief Financial Officer, effective after the Annual Report on Form 10-K is filed for fiscal year 2024. Mr. Schroeder succeeds Mr. John Barnett, who served as the Company's Chief Financial Officer since 2023. Beth Garvey, Chair, President and Chief Executive Officer said, "We are pleased to welcome Keith to the Company as BGSF's incoming finance leader and CFO. Keith brings a wealth of strategic, operational and financial leadership to ou
Re-baselined Costs to Align with Revenues, Generated Record Operating Cash Flow of $24 million BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, managed services, and professional workforce solutions, today reported financial results for the fourth fiscal quarter and fiscal year ended December 29, 2024. Q4 2024 Highlights (results include sequential comparisons to Q3 2024): Revenues were $64.4 million for Q4, compared to $71.2 million for Q3. Property Management segment revenues decreased 18.5% from Q3, primarily driven by seasonal demand. Professional segment revenues declined 3.0% from Q3, primarily due to a decline in billing days of approximately 5%. Gross profit was
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its fourth quarter and fiscal year 2024 results on Wednesday, March 12, 2025, after the market close. In conjunction with the release, management will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, March 13, 2025. Interested participants may dial 1-844-481-3017 (Toll-Free) or 1-412-317-1882 (International). A call replay will be available until Thursday, March 20, 2025. To access the reply, please dial 1-877-344-7529 (Toll-Free) or 1-412-317-0088 (International) and enter access code 3405111. The live webcast
BGSF's Property Management Unveils Research Shaping Careers BGSF, Inc. (NYSE:BGSF) (the "Company" or BGSF"), a national provider of consulting, managed services, and workforce solutions, releases new data on its Property Management segment. Beth Garvey, Chair, President and Chief Executive Officer commented, "Renting and multi-family developments will continue to grow and adapt to generational needs, especially in 2025 with a backdrop of elevated interest rates and less affordable homes. Our research ensures that we recognize marketplace changes, continue to lead through innovation, and retain the best talent in the property management industry." BGSF's Property Management segment is
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Live Leadership Updates
Keith Schroeder Assumes CFO Position BGSF, Inc. (NYSE:BGSF), a leading national provider of consulting, managed services and workforce solutions, today announces their leadership succession plan with the appointment of Mr. Keith Schroeder as the Company's Chief Financial Officer, effective after the Annual Report on Form 10-K is filed for fiscal year 2024. Mr. Schroeder succeeds Mr. John Barnett, who served as the Company's Chief Financial Officer since 2023. Beth Garvey, Chair, President and Chief Executive Officer said, "We are pleased to welcome Keith to the Company as BGSF's incoming finance leader and CFO. Keith brings a wealth of strategic, operational and financial leadership to ou
Adds Industry Veteran Donna Carroll BGSF, Inc. ((BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today announced that the Company expanded the Board of Directors to seven members with the appointment of Donna Carroll, effective as of April 14, 2023. Ms. Carroll is a 30-year veteran and leading strategic thinker and innovator in the professional services and staffing industry and was most recently Chief Sales Officer for a $400 million private U.S. healthcare staffing and professional services company. Carroll founded Human Factor Consulting, LLC during the pandemic to provide board advisory, consulting, and leadership development to the p
Mr. John Barnett to be Appointed as the Company's Chief Financial Officer BGSF, Inc. (NYSE:BGSF), a leading national provider of consulting, managed services and workforce solutions, today announces their leadership succession plan with the appointment of Mr. John Barnett as the Company's Chief Financial Officer, effective March 20, 2023. Mr. Barnett succeeds Mr. Dan Hollenbach, who served as the Company's Chief Financial Officer since August 2015. Mr. Hollenbach will be closely involved in the Q1 2023 reporting process and will then act as a senior advisor with BGSF through April 30, 2024, to ensure a smooth handover and transition of responsibilities. Beth Garvey, Chair, President and C
Phillips to Lead Strategic Technology Enhancements BGSF, Inc. (NYSE:BGSF), a leading national provider of consulting, managed services and workforce solutions, today announced the appointment of Ms. Melissa Phillips to the new strategic role as Chief Digital Officer on the executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221122005822/en/Melissa Phillips - BGSF New Chief Digital Officer (Photo: Business Wire) Ms. Phillips is a seasoned executive of Marketing, Sales and Digital Delivery with deep expertise leading digital transformations at both Adecco (VTX: ADEN) and EmployBridge. Her hands-on experience
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BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, managed services, and professional workforce solutions, today reported financial results for the first fiscal quarter ended March 30, 2025. Q1 2025 Highlights (results include sequential comparisons to Q4 2024): Revenues were $63.2 million for Q1, compared to $64.4 million for Q4. Property Management segment revenues decreased 14.1% from Q4, primarily driven by seasonal demand. Professional segment revenues increased 5.6% from Q4, primarily due to an increase in billed hours of approximately 5%. Gross profit was $20.9 million for Q1, down from $21.5 million in Q4, primarily due to lower sales in Property Management. Net
BGSF, Inc. (NYSE:BGSF), a growing provider of consulting, managed services, and workforce solutions, today announces that it will release its fiscal 2025 first quarter results on Wednesday, May 7, 2025, after the market close. In conjunction with the release, management will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, May 8, 2025. Interested participants may dial 1-888-506-0062 (Toll-Free) or 1-973-528-0011 (International) and enter the access code 440522. A call replay will be available until Thursday, May 22, 2025. To access the replay, please dial 1-877-481-4010 (Toll-Free) or 1-919-882-2331 (International) and enter the access code
Re-baselined Costs to Align with Revenues, Generated Record Operating Cash Flow of $24 million BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, managed services, and professional workforce solutions, today reported financial results for the fourth fiscal quarter and fiscal year ended December 29, 2024. Q4 2024 Highlights (results include sequential comparisons to Q3 2024): Revenues were $64.4 million for Q4, compared to $71.2 million for Q3. Property Management segment revenues decreased 18.5% from Q3, primarily driven by seasonal demand. Professional segment revenues declined 3.0% from Q3, primarily due to a decline in billing days of approximately 5%. Gross profit was
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its fourth quarter and fiscal year 2024 results on Wednesday, March 12, 2025, after the market close. In conjunction with the release, management will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, March 13, 2025. Interested participants may dial 1-844-481-3017 (Toll-Free) or 1-412-317-1882 (International). A call replay will be available until Thursday, March 20, 2025. To access the reply, please dial 1-877-344-7529 (Toll-Free) or 1-412-317-0088 (International) and enter access code 3405111. The live webcast
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for the third fiscal quarter ended September 29, 2024. Q3 2024 Highlights (results include sequential comparisons to Q2 2024): Revenues were $71.2 million for Q3, compared to $68.1 million for Q2. Property Management segment revenues increased 15.9% from Q2, driven by seasonal demand. Professional segment revenues declined 2.5% from Q2, due to a decline in billed hours in the Finance & Accounting division. Gross profit was $24.3 million, up from $23.6 million in Q2, primarily due to higher sales in Property Management. Net loss was $0.8
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its third quarter fiscal year 2024 results on Wednesday, November 6, 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, November 7, 2024. Interested participants may dial 1-844-481-3017 (Toll-Free) or 1-412-317-1882 (International). A call replay will be available until Thursday, November 14, 2024. To access the reply, please dial 1-877-344-7529
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for the second fiscal quarter ended June 30, 2024. Q2 2024 Sequential Comparison to Q1 2024: Revenues were $68.1 million for Q2, compared to $68.8 million for Q1. Property Management segment revenues increased 4.8% from Q1, mainly due to normal seasonal fluctuations. Professional segment revenues declined 4.1% from Q1, with project completions outpacing the timing of new engagement starts. Gross profit was $23.6 million, up from $23.4 million in Q1, primarily due to higher sales in Property Management. Net loss was $0.8 million, or
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services and workforce solutions, today announces that it will release its second quarter fiscal year 2024 results on Wednesday, August 7, 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, August 8, 2024. Interested participants may dial 1-844-481-3017 (Toll-Free) or 1-412-317-1882 (International). A call replay will be available until Thursday, August 15, 2024. To access the reply, please dial 1-877-344-7529 (To
BGSF, Inc. ((BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for the first fiscal quarter ended March 31, 2024. Q1 2024 Highlights from Operations: Revenues were $68.8 million for 2024, compared to $75.3 million for 2023. Gross profit was $23.4 million, from $26.8 million in 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. The after-tax impact was $16.9 million or $1.58 per diluted share, using the effective tax
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, Ch