PLANO, TX / ACCESS Newswire / February 17, 2026 / BGSF, Inc. (NYSE:BGSF), a growing provider of workforce solutions for the specialized property management industry, today announces that it will release its fiscal 2025 fourth quarter and full year results on Wednesday, March 11, 2026, 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 12, 2026. ...

Financial Data and Key Metrics Changes - Total revenues from property management in Q3 2025 were $26.9 million, down 9.8% year-over-year due to cost pressures and increased competition [10][13] - Sequentially, revenues improved by 14.4% compared to Q2 2025, benefiting from seasonal factors [10][13] - Gross profit for Q3 was $9.7 million, with margins slightly increasing by 10 basis points to 35.9% [13] - Adjusted EBITDA for the quarter was $980,000, or 3.6% of revenue, compared to $75,000, or 0.3% in the prior year [14] - GAAP net loss from continuing operations was $0.28 per diluted share, while consolidated adjusted EPS was a positive $0.08 per share [14] Business Line Data and Key Metrics Changes - The property management group is now the sole reportable segment following the divestiture of the professional division [4][7] - SG&A expenses for Q3 were $10.2 million, down from $11.3 million in the prior year, including strategic restructuring costs [13][14] Market Data and Key Metrics Changes - The company is facing cost pressures on property owners and management companies, contributing to revenue declines [10][13] - Increased competition in certain markets is impacting performance, but the company is leveraging market insights to refine its strategic roadmap [10][11] Company Strategy and Development Direction - The company is focused on three main directives post-divestiture: comprehensive business review, aggressive G&A cost reduction, and compensation structure evaluation [5][6] - A stock buyback plan of up to $5 million has been announced, reflecting confidence in the long-term strategy [5] - The company aims to capture a meaningful share of a growing $1 billion-plus addressable market through operational improvements and strategic initiatives [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that financial results may be noisy in the upcoming quarters due to the transition period [9] - There is optimism regarding revenue growth in 2026 compared to 2025, driven by strategic initiatives and market opportunities [11][12] - The company is investing in AI to enhance client engagement and improve operational efficiency [12] Other Important Information - A special cash dividend of $2 per share was declared, returning $22.4 million to shareholders [4] - The company has approximately $20 million in cash balances post-dividend payments [5] Q&A Session Summary Question: Discussion on the consultant's evaluation process - The consultant conducted surveys and interviews with clients and competitors, validating the addressable market and growth potential in the multifamily and commercial real estate sectors [16][17] Question: Outcomes of the research findings - The research provided insights into the addressable market, competitive positioning, and areas for future growth, aiding in strategic planning [17][19] Question: Learnings from the market evaluation - The study highlighted the evolving needs of client partners regarding talent acquisition and the importance of aligning with their internal teams [18][19]

Revenue and Profit Performance - Revenues for the thirteen weeks ended September 28, 2025, decreased by approximately $2.9 million (9.8%) to $26.895 million, primarily due to a 12.0% reduction in billed hours driven by lower demand and increased competition[116] - Gross profit for the same period decreased by approximately $1.0 million (9.7%) to $9.660 million, consistent with the revenue decline, partially offset by higher permanent placement business[117] - For the thirty-nine weeks ended September 28, 2025, revenues decreased by approximately $8.8 million (11.0%) to $71.284 million, attributed to a 12.3% reduction in billed hours[120] - Gross profit for the thirty-nine weeks decreased by approximately $4.0 million (13.5%) to $25.630 million, aligning with the revenue decline[120] - The company recorded a net loss from continuing operations of $3.078 million for the thirteen weeks ended September 28, 2025, compared to a net loss of $1.812 million for the same period in 2024[115] - Net loss from continuing operations for the thirty-nine weeks ended September 28, 2025, was $10.3 million, an increase from a loss of $5.9 million in the same period of 2024[127] - Adjusted EBITDA for the thirteen weeks ended September 28, 2025, was $980,000, representing a margin of 3.6% of revenue, compared to $75,000 and 0.3% for the same period in 2024[127] - Adjusted EBITDA from discontinued operations was $144,000 for the thirteen weeks ended September 28, 2025, compared to $3.9 million for the same period in 2024[127] Expenses and Cost Management - Selling, general, and administrative expenses decreased by $1.1 million (10.0%) to $10.223 million, mainly due to reduced compensation costs from a lower headcount[117] - Interest expense, net increased by $1.1 million (30.6%) primarily due to adjustments related to debt issuance costs and the repayment of the existing Term Loan and Revolving Facility[121] - Cash used in operating activities from continuing operations was $1.8 million for Fiscal 2025, a decrease of $18.2 million compared to $16.4 million provided in Fiscal 2024[134] Cash Flow and Liquidity - Cash provided by investing activities included net proceeds from the sale of BGSF Professional of approximately $91.5 million, with minimal capital expenditures in Fiscal 2025[135] - The company declared a special dividend of $2.00 per share, totaling approximately $20.0 million in available cash as of September 30, 2025[129] - Working capital from continuing operations increased to $31.5 million as of September 28, 2025, compared to $6.9 million as of December 29, 2024[132] - The company paid off its Term Loan, Revolving Facility, and Convertible Note totaling $47.3 million during Fiscal 2025[137] - The company’s primary sources of liquidity included cash generated from operations and borrowings under a revolving credit facility, with a focus on maintaining sufficient liquidity for operational needs[129] - Future growth opportunities may require new debt or equity financing, which could be adversely affected if favorable terms are not secured[130] Strategic Initiatives and Market Position - The company announced a cost restructuring plan in December 2024 as part of its strategic review process to maximize shareholder value[112] - The company operates primarily in the Property Management segment across 44 states and D.C., providing workforce solutions for property management companies[112] - The company experienced seasonal fluctuations, with demand typically peaking in the second and third quarters due to increased activity in multifamily units during summer[113] Tax and Regulatory Considerations - The current provision for income taxes includes estimated amounts payable or refundable for the year, with penalties recognized as part of selling, general, and administrative expenses[151] - Deferred tax assets and liabilities are recorded for estimated future tax effects of temporary differences, with net deferred tax assets subject to a valuation allowance if future tax benefits may not be realized[151] Risk Factors - The company is primarily exposed to inflation risks, which have been moderated through adjustments in the pricing model[153]

Financial Performance - Revenues for Q3 2025 were $26.9 million, a 14.4% increase from $23.5 million in Q2 2025, driven by increased billed hours from seasonal demand[6] - Gross profit for Q3 2025 was $9.7 million, up from $8.4 million in Q2 2025, primarily due to higher sales[6] - Net loss for Q3 2025 was $3.1 million, or $0.28 per diluted share, compared to a net loss of $4.9 million, or $0.44 per diluted share in Q2 2025[6] - Adjusted EBITDA for Q3 2025 was $980,000, representing 3.6% of revenues, compared to a loss of $1.1 million, or (4.9%) of revenues in Q2 2025[6] - Revenues for the thirteen weeks ended September 28, 2025, were $26,895,000, a decrease of 10.0% compared to $29,824,000 for the same period in 2024[15] - Gross profit for the thirty-nine weeks ended September 28, 2025, was $25,630,000, down 13.5% from $29,635,000 in 2024[15] - Net loss from continuing operations for the thirteen weeks ended September 28, 2025, was $3,078,000, compared to a loss of $1,812,000 in 2024, representing a 70% increase in losses[15] - Operating loss for the thirty-nine weeks ended September 28, 2025, was $7,135,000, significantly higher than the $3,737,000 loss in 2024[15] - Adjusted EPS from continuing operations was $0.08 for the thirteen weeks ended September 28, 2025, compared to $0.01 for the same period in 2024[28] - The operating loss for the thirteen weeks ended September 28, 2025, was $937 million, slightly improved from a loss of $1,003 million in the same period of 2024[26] Cash Flow and Assets - Cash flows from operating activities resulted in a net cash used of $1,544,000 for the thirty-nine weeks ended September 28, 2025[18] - Total current assets as of September 28, 2025, were $63.99 million, an increase from $45.35 million as of December 29, 2024[14] - Total assets as of September 28, 2025, were $41,881,000, down from $50,241,000 in 2024[17] - The company reported a net cash provided by investing activities of $91,213,000 for the thirty-nine weeks ended September 28, 2025[19] Liabilities and Expenses - Total liabilities as of September 28, 2025, were $32.89 million, down from $67.84 million as of December 29, 2024[14] - Interest expense for the thirty-nine weeks ended September 28, 2025, was $4,595,000, compared to $3,518,000 in 2024, indicating a 30.6% increase[15] - Interest expense, net, increased to $1,570 million for the thirteen weeks ended September 28, 2025, from $1,222 million in the same period of 2024[26] - Share-based compensation expenses were $545 million for the thirteen weeks ended September 28, 2025, compared to $286 million in the same period of 2024[26] Dividends and Stock Repurchase - A special dividend of $2 per share was paid on September 30, 2025, following the sale of BGSF's Professional division[7] - The company declared cash dividends of $2.00 per common share for the thirty-nine weeks ended September 28, 2025[15] - The Board approved a stock repurchase program allowing for the repurchase of up to $5 million of common stock[2] Future Outlook and Investments - The company is investing in AI-powered sales and recruiting technologies, expected to enhance efficiency in the upcoming quarters[7] - BGSF anticipates revenue growth in 2026 compared to 2025, supported by the execution of strategic initiatives[7] Tax and Contingent Considerations - The company reported an income tax benefit of $571 million for the thirteen weeks ended September 28, 2025, compared to an expense of $(413) million in the same period of 2024[26] - The company incurred a gain on contingent consideration of $450 million for the thirty-nine weeks ended September 28, 2025[26]

Core Viewpoint - BGSF, Inc. reported its financial results for the third fiscal quarter and announced a stock buyback plan, indicating a strategic move to utilize excess capital effectively [1] Financial Results - For the third fiscal quarter ended September 28, 2025, BGSF, Inc. disclosed its financial performance, although specific figures were not detailed in the provided text [1] Stock Buyback Plan - The Board of Directors approved a stock repurchase program allowing BGSF to repurchase up to $5 million of its common stock, reflecting confidence in the company's value and future prospects [1]

Core Points - BGSF, Inc. has announced a delay in the release of its fiscal 2025 third quarter results, now scheduled for November 7, 2025, pre-market [1] - The delay is attributed to the additional time needed to finalize the accounting for the sale of the Professional division, specifically regarding its classification within discontinued and continuing operations [1] Company Summary - BGSF, Inc. is a provider of workforce solutions specifically for the specialized property management industry [1] - The company is taking necessary steps to ensure accurate financial reporting following the sale of a significant division [1]

Core Points - BGSF, Inc. announced a special cash dividend of $2.00 per share, payable on September 30, 2025 [1] - The dividend payment represents more than 25% of the trading price of the common stock [1] - NYSE has informed the company that its common shares will trade with "due bills" from the record date of September 23, 2025, through the payment date [1] Company Information - BGSF, Inc. is a leading provider of workforce solutions for the specialized property management industry [1] - The company’s common stock has a par value of $0.01 per share [1] Dividend Details - The record date for the dividend is September 23, 2025, and the last day of trading before the ex-dividend date is September 30, 2025 [1] - The period during which the right to receive the special cash dividend is assigned is referred to as the "Dividend Right Period" [1]

Group 1 - BGSF Inc. announced a special cash dividend of $2.00 per share, payable on September 30 to shareholders of record as of September 23, following the sale of its Professional Division [1][2] - The company completed the $99 million sale of its Professional Division to INSPYR Solutions, with proceeds primarily aimed at paying down debt and funding investments in its property management business [2][3] - Interim Co-CEOs emphasized that the dividend is a prudent step to enhance shareholder value while ensuring liquidity for future opportunities [1][3] Group 2 - BGSF plans to geographically expand and strengthen its specialized property management services to maintain financial stability [3] - The divestiture allows the company to focus on its core strengths and create long-term value [3] - BGSF shares increased by 14.37% to $7.320 following the announcement [4]

Core Viewpoint - BGSF, Inc. has announced a special cash dividend of $2.00 per share, reflecting a strategic move to enhance shareholder value following the sale of its Professional Division [1] Group 1: Dividend Announcement - The Board of Directors of BGSF has authorized a special cash dividend of $2.00 per share of common stock [1] - The dividend is payable on September 30, 2025, to shareholders of record as of September 23, 2025 [1] - This decision is seen as a prudent step in capital allocation to increase shareholder value [1] Group 2: Leadership Commentary - Interim Co-CEOs Kelly Brown and Keith Schroeder emphasized the importance of this dividend as an initial step in capital allocation [1] - The statement reflects the company's commitment to enhancing shareholder value following the recent sale of its Professional Division [1]

Core Viewpoint - BGSF, Inc. has successfully completed the divestiture of its Professional Division to INSPYR Solutions for $99 million, marking a strategic shift towards focusing on geographical expansion and differentiation in the property management solutions sector [1]. Company Summary - The divestiture was finalized for a cash amount of $99 million, indicating a significant financial transaction for BGSF [1]. - Interim Co-CEOs Kelly Brown and Keith Schroeder expressed optimism about the company's future, emphasizing a disciplined focus on expanding property management solutions geographically [1]. - The company aims to develop strategic initiatives that will help differentiate itself from competitors in the industry [1].