Bgsf Inc Stock Price, News & Analysis

BGSF, Inc. (NYSE: BGSF) reported robust financial results for Q1 2022, with revenues climbing 37.8% to $69 million. Net income reached $15.5 million, or $1.48 per diluted share, compared to only $0.7 million, or $0.07 per share in 2021. Gross profit also increased 44.5% to $23.4 million, with a gross profit margin of 34.2%. The Board declared a quarterly dividend of $0.15 per share, marking the 30th consecutive payment. BGSF is optimistic about 2022, anticipating growth in both its Real Estate and Professional segments.

BGSF, Inc. (NYSE: BGSF) is set to reveal its first quarter 2022 financial results during a conference call on April 28, 2022, at 9:00 a.m. ET. The call will be led by Beth Garvey, President and CEO, and Dan Hollenbach, CFO. Interested parties can join via phone or access a webcast. A press release containing the financial results will be issued after market close on April 27, 2022. BGSF offers workforce solutions across various industries and was ranked 79th among U.S. staffing companies, indicating its significant industry presence.

BGSF, Inc. reported robust financial results for Q4 and fiscal year 2021, demonstrating significant growth. Q4 net income surged to $5.3 million ($0.50 per diluted share), up from $2.2 million in 2020. Adjusted EPS was $0.38, a rise from $0.28. For the full year, net income reached $14.1 million ($1.35 per diluted share), compared to $1.4 million in 2020, with adjusted EPS increasing to $1.33 from $1.08. Revenues for Q4 were $67.7 million, up 37.8%, and $239 million for the year, a 15.4% increase. The company also announced the sale of its InStaff segment to Jobandtalent.

BGSF, Inc. has signed a definitive agreement to sell its Light Industrial segment assets, known as InStaff, to Jobandtalent, a digital workforce marketplace based in Madrid. The transaction is expected to close in Q1 2022, pending customary conditions. This divestiture aligns with BGSF's strategy to focus on high-margin business sectors and enhances their capital for investments in managed services and consulting solutions. InStaff has maintained a 96% client retention rate and is expected to thrive under Jobandtalent.

BGSF, Inc. will hold a conference call on March 10, 2022, at 9:00 a.m. ET to discuss its fourth quarter 2021 financial results. The teleconference will be hosted by Beth Garvey, President and CEO, and Dan Hollenbach, CFO. A press release detailing the financial results will be issued after the market closes on March 9, 2022. Participants can join by calling 844-200-6205 (U.S.) or 929-526-1599 (international) and entering access code 954101. The replay will be available until March 17, 2022.

BGSF, Inc. has declared a quarterly cash dividend of $0.15 per share, payable on February 22, 2022, to shareholders recorded by February 14, 2022. This marks the company's 29th consecutive dividend, reflecting strong operational performance and a 4.3% annualized yield based on recent stock prices. CEO Beth A. Garvey stated confidence in ongoing capital allocation and commitment to returning value to shareholders.

BGSF, Inc. (NYSE: BGSF) reported strong financial results for Q3 2021 with revenues of $82.4 million, a 15.1% increase from 2020. Gross profit rose 25.1% to $24.7 million, improving gross margin to 30.0%. Net income reached $4.6 million ($0.45 per diluted share), up from $2.6 million in 2020. The Board declared a quarterly cash dividend of $0.12 per share, marking the 28th consecutive dividend. Year-to-date, revenues totaled $224.5 million, up 7.8%, and adjusted EPS increased from $0.82 to $0.92. The company faces labor shortages and wage inflation, but remains optimistic about growth.

BGSF, Inc. will present its third quarter 2021 financial results on November 4, 2021, at 9:00 a.m. ET. The conference call, hosted by President and CEO Beth Garvey and CFO Dan Hollenbach, will be accompanied by a press release issued after market close on November 3, 2021. Participants can call 833-316-0561 for U.S. access or 412-317-5735 internationally. A replay will be available until November 11, 2021, and can be accessed using PIN 10160573.

BGSF, a leading provider of workforce solutions, will present at the Taglich Brothers 17th Annual Investment Conference on September 13 at 11:00 a.m. EST in New York. The presentation will be led by Beth Garvey, President and CEO, and Dan Hollenbach, CFO. A breakout session will follow the main presentation. Investors can access a live webcast and replay on the company's website, www.bgsf.com. BGSF, headquartered in Plano, Texas, ranks among the top U.S. staffing companies and offers diverse services across various industries.