PLANO, Texas--(BUSINESS WIRE)--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 approxima ...

champc Introduction I'm constantly looking for undervalued microcap companies, and recently I came across BGSF (NYSE:BGSF). It’s a US consulting and staffing solutions firm which has been focusing on improving margins over the past few years, and the adjusted TTM EBITDA stands at $23.9 million. BGSF has a dividend yield of $6.3 million and the balance sheet looks strong, with net debt at $66 million on October 1. I’m putting BGSF on my watchlist and my rating on the stock is a speculative buy. Let’s rev ...

BGSF, Inc. (NYSE:BGSF) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Sandy Martin - IR, Three Part Advisors Beth Garvey - Chair, President, & CEO John Barnett - CFO Conference Call Participants Jeff Martin - Roth MKM Howard Halpern - Taglich Brothers George Melas - MKH Management Company Mike Taglich - Taglich Brothers Operator Good morning, everyone, and welcome to the BGSF, Inc. fiscal 2023 third-quarter financial results conference call. [Operator Instructions]. Now I' ...

Revenue Growth - Property Management revenues increased by approximately $2.8 million, representing an 8.2% growth, primarily due to higher billing rates[11] - Gross profit for the Property Management segment rose by approximately $0.7 million, or 4.8%, despite a decline in permanent placement business[12] - Professional revenues increased by approximately $12.1 million, or 9.2%, with Horn Solutions and Arroyo Consulting contributing a combined total of $28.9 million[15] Expenses and Financial Position - Interest expense, net increased by approximately $3.7 million, primarily due to higher debt balances related to acquisitions and rising interest rates[16] - Selling, general and administrative expenses increased by $2.3 million, with selling expenses accounting for approximately 78% of this increase[13] Cash Flow and Working Capital - Cash provided by operating activities was $15.1 million, compared to a cash usage of $5.6 million in the prior year[20] - The company reported a working capital deficit of $14.6 million as of October 1, 2023, compared to a positive working capital of $48.0 million on January 1, 2023[20] - The company is focused on opening new markets and believes cash generated from operations will meet working capital needs for at least the next twelve months[19] Financing and Borrowing - The Revolving Facility allows borrowing up to $35.0 million, with a term loan commitment of up to $30.0 million, which has been fully funded and repaid[23] Operational Adjustments - The company has implemented a pricing model adjustment to mitigate the impacts of inflation on its operations[30]

BGSF, Inc. (NYSE:BGSF) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET Company Participants Sandy Martin - Three Part Advisors Beth Garvey - Chair, President and CEO John Barnett - CFO Conference Call Participants Jeff Martin - ROTH Capital Howard Halpern - Taglich Brothers Michael Taglich - Taglich Brothers Operator Good morning. Welcome to the BGSF Inc. Fiscal 2023 Second Quarter Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. As a reminde ...

You can identify these and other forward-looking statements by the use of words such as "aim," "potential," "may," "could," "can," "would," "might," "likely," "will," "expect," "intend," "plan," "predict," "ongoing," "project," "budget," "scheduled," "estimate," "anticipate," "believe," "forecast," "committed," "future" or "continue" or the negative thereof or similar variations. Where You Can Find Other Information The accompanying notes are an integral part of these unaudited consolidated financial statem ...

BGSF, Inc. (NYSE:BGSF) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Sandy Martin - Three Part Advisors Beth Garvey - Chair, President & CEO John Barnett - CFO Conference Call Participants Howard Halpern - Taglich Brothers Jeff Martin - ROTH MKM Operator Good morning, everyone. Welcome to the BGSF Fiscal 2023 First Quarter Financial Results Conference Call. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this co ...

On March 21, 2022, the Company sold substantially all of the assets and certain liabilities of InStaff to Sentech Engineering Services, Inc. ("Sentech") for a sale price of approximately $30.3 million cash, subject to customary sales price and working capital adjustments specified in the purchase agreement. The purchase agreement provided for deferred consideration of $2.0 million, which was received by April 3, 2023. The sale resulted in an original pre-tax gain on sale of discontinued operations of $17.3 ...

Financial Data and Key Metrics Changes - The company reported record revenues of $298 million for 2022, a 24.8% increase over 2021, with adjusted EBITDA and adjusted EPS up 45% and 47% respectively compared to the prior year [13][19] - Fourth quarter revenues increased by 14.2% to $77.3 million, with property management growing by 16.6% and professional services increasing by 8.9% on an organic basis [18][19] - The effective tax rate for Q4 was 33% for 2022, compared to 24.3% in the previous year [19][51] Business Line Data and Key Metrics Changes - Property management revenues grew by 31.6% year-over-year, while professional services increased by 19.7% organically [19] - Professional wage rates increased by 17%, and property management wage rates increased by 10% quarter-over-quarter [18] - Permanent placement revenues were up 13.5% year-over-year [19] Market Data and Key Metrics Changes - The company operates in 64 active markets in real estate and is targeting six new markets for the upcoming year [38] - The managed services division, bolstered by the acquisition of Horn Solutions, doubled in size, contributing $1.4 million in revenue for December [19][24] Company Strategy and Development Direction - The company plans to rebrand all businesses under the BGSF name by the end of Q2 2023 to enhance market presence and cross-selling opportunities [52][47] - A focus on IT modernization and strategic acquisitions is expected to drive growth and improve margins, with a specific emphasis on high-value consulting and managed services [15][36] - The company aims to leverage technology for territory mapping and market expansion in the real estate segment [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth prospects in both real estate and professional consulting, citing pent-up demand in multifamily and a return to work in commercial sectors [57][58] - The company anticipates a strong year in 2023, supported by low unemployment rates and a focus on finding and training talent [58] - Management acknowledged challenges in Q4 due to increased SG&A expenses but remains confident in the long-term benefits of recent investments [50][91] Other Important Information - The company is transitioning to a new CFO, John Barnett, with Dan Hollenbach assisting in the transition [14][17] - The acquisition of Horn Solutions is seen as a strategic fit that enhances the company's consulting capabilities and market reach [24][70] Q&A Session Summary Question: How many offices did you end the year in, and what is the pace of openings anticipated? - The company has 64 active markets in real estate and is targeting six new markets next year [38] Question: Is the $4 million increase in SG&A going to be the new baseline going forward? - The $23 million figure may serve as a new baseline, but it includes some one-time transaction fees and catch-up expenses [39] Question: What are the cross-sell opportunities with Horn? - The teams are excited about the Horn acquisition, with immediate cross-selling initiatives already underway [42] Question: Is there still pent-up demand in the market? - There is still pent-up demand, particularly as companies return to the office [71][103] Question: How should we think about EBITDA margins in 2023? - Management expects to leverage investments made in 2022 to improve EBITDA margins moving forward [72]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 25, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36704 BGSF, INC. (exact name of registrant as specified in its charter) Delaware 26-0656684 (State or other jurisdiction ...