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BGSF, Inc. (NYSE: BGSF) is a nationwide leader in strategic workforce solutions, headquartered in Plano, Texas. BGSF provides a comprehensive range of workforce solutions to various industries through its family of professional staffing companies, bringing over 100 years of combined experience. The company operates primarily in two segments: Property Management and Professional.
In the Property Management segment, BGSF offers office and maintenance talent to clients, facilitating their staffing needs with both short-term and consulting solutions. Brands like BG Multifamily deliver front office and maintenance temporary talent for apartment communities, ensuring streamlined operations and tenant satisfaction.
The Professional segment is diversified, offering specialized staffing solutions in several key areas. InStaff provides end-to-end workforce and onsite management solutions for warehousing, manufacturing, administration, and call centers. Donovan & Watkins focuses on accounting & finance, HR, engineering, legal, and administrative talent. Smart Resources Accountable Search targets accounting & finance and administrative roles. American Partners and Extrinsic specialize in EPM, CPM, and ERP solutions, with a focus on Oracle, Hyperion, PeopleSoft, Workday, and SAP.
Moreover, Vision Technology Services provides IT consulting and project management services, engaging with Fortune 500 companies and consulting firms nationwide. BGSF's workforce services include on-demand assignments, consulting, and managed solutions, allowing clients to flexibly manage their workforce needs.
With a strategic approach to converting fixed personnel costs to variable expenses, BGSF enables companies to effectively address fluctuations in demand while optimizing costs. This approach has made BGSF a valuable partner for businesses seeking to streamline their workforce strategies and enhance productivity.
Recent Achievements and Current Projects:
- Expansion of service offerings in the IT segment with new partnerships and technologies.
- Recent accolades for client satisfaction in property management staffing solutions.
- Increased focus on sustainable and inclusive hiring practices across all segments.
BGSF, Inc. (NYSE: BGSF), a provider of consulting, managed services, and workforce solutions, has announced the timing for its second quarter fiscal year 2024 results release and earnings conference call. The company will release its results on Wednesday, August 7, 2024, after the market close. An earnings conference call, teleconference, and webcast will be hosted by Beth Garvey, Chair, President, and CEO, and John Barnett, CFO, on Thursday, August 8, 2024, at 9:00 am ET.
Participants can dial 1-844-481-3017 (Toll-Free) or 1-412-317-1882 (International) to join. A call replay will be available until August 15, 2024, accessible via 1-877-344-7529 (Toll-Free) or 1-412-317-0088 (International) with access code 4959867. The live webcast can be accessed through the company's investor relations website.
BGSF, Inc. (NYSE: BGSF) has improved its position in the Staffing Industry Analysts (SIA) U.S. 2024 rankings. The company moved up to 97th place from 121st in the Largest Staffing Firms category, based on 2023 revenues for its combined Professional and Property Management segments. Additionally, BGSF climbed to 49th place from 52nd in the Largest IT Staffing Firms in the U.S. category.
Beth Garvey, Chair, President, and CEO of BGSF, expressed excitement about the company's progress, highlighting the significance of breaking into the top 100 U.S. staffing firms and the top 50 U.S. IT staffing firms. She attributed this success to the team's dedication in delivering value and excellence to customers and strategic partners.
BGSF, Inc. reported financial results for Q1 2024, with revenues at $68.8 million compared to $75.3 million in 2023. Despite a net loss of $0.8 million, the company remains optimistic about growth opportunities in high-value consulting services and strategic partnerships.
BGSF, Inc. (NYSE: BGSF) has announced a review of strategic alternatives and the suspension of its quarterly cash dividend until the review is complete. The company aims to maximize shareholder value amidst market valuation challenges. Houlihan Lokey has been engaged as financial advisors for this evaluation. However, the outcome of the review remains uncertain, and the company will refrain from further comments until deemed necessary.
BGSF, Inc., a provider of consulting, managed services, and workforce solutions, will release its first quarter fiscal year 2024 results on May 8, 2024. The earnings conference call hosted by the CEO and CFO will take place on May 9, 2024. Interested participants can access the call via phone or webcast.
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