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
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
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
BGSF, Inc. (NYSE:BGSF) (the "Company" or "BGSF"), a national provider of consulting, managed services, and workforce solutions, announces, as part of its strategic review process, that it has executed a cost restructuring plan during the fourth quarter. The Company recently implemented a significant restructuring plan designed to reduce costs, improve operating performance, and position the organization for profitable growth. The Company estimates that this plan will reduce annual compensation and benefit expenses by approximately $5 million. The Company has also identified other expense reductions that it plans to execute in 2025 that the Company expects will deliver an estimated $2 mill
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
Empowering Organizations to Thrive in the Digital Age with Next-Generation Value BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, workforce solutions, managed services, and professional workforce solutions, is proud to announce its official designation as an SAP Services Partner. This strategic partnership will enable BGSF to expand its service offerings and accelerate digital transformation for clients, particularly in SAP's core solutions, such as SAP S/4HANA and SAP Cloud. Through this collaboration, BGSF will leverage SAP's cutting-edge platforms and innovation frameworks to deliver seamless implementation, optimization, and upgrade services. The partnership aims to support o
Dallas Business Journal Ranks BGSF #46 in Its "Fast 50" Recognition for North Texas BGSF, Inc. (NYSE:BGSF), a leading provider of consulting, managed services, professional and property management workforce solutions, is proud to announce it has been ranked #46 in the Dallas Business Journal's 2024 Fast 50. This prestigious list recognizes the fastest-growing companies in North Texas, celebrating those that have achieved significant revenue growth over the past three years. The Dallas Business Journal's Fast 50, now in its eighth year, ranks the fastest-growing companies in the Dallas-Fort Worth area with annual revenues between $10 million and $1 billion. The ranking is based on the perc
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
Ranked 97th Largest U.S. Staffing Firm, Ranked 49th Largest IT Staffing Firm BGSF, Inc. (NYSE:BGSF) ("BGSF"), a growing provider of consulting, managed services, and professional workforce solutions, today announced that it has been named in the Staffing Industry Analysts (SIA) U.S. 2024 lists. In the Largest Staffing Firms ranking, BGSF's ranking improved to 97th from 121st in the prior year. This ranking is based on 2023 revenues for the combined Professional and Property Management segments. In addition, BGSF's ranking improved to 49th (from 52nd) in the Largest IT Staffing Firms in the U.S. category "We are thrilled to move up in SIA's largest U.S. staffing firms list to 97th this y
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
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4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
4 - BGSF, INC. (0001474903) (Issuer)
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
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
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. Interested participants may dial 1-844-481-3017 (Toll-Free) or 1-412-317-1882 (International). A replay of the call will be available until Thursday, May 16, 2024. To access the replay, please dial 1-877-344-7529 (
Record Full Year Revenues of $313.2 million, up 4.9% Generated $20.4 Million of Operating Cash Flow New Credit Facility Closed March 12, 2024 BGSF, Inc. ((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. Full Year 2023 Highlights from Continuing Operations2,3: Revenues were $313.2 million, up 4.9% from 2022. Property Management revenues grew organically by 3.3% vers
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 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. Interested participants may dial 1-877-317-6789 (Toll-Free) or 1-412-317-6789 (International). A replay of the call will be available until Thursday, March 21, 2024. To access the replay, please dial 1-877-
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%. About BGSF BGSF provides consulting, managed services and professional workforce solutions to a variety of industries through its various divisions in IT, Finance & Accounting, Managed Services, and Pro