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BGSF, Inc. provides workforce solutions for the specialized property management industry, with services for multifamily communities, apartment and luxury communities, and commercial properties. The company operates under the BG Staffing go-to-market brand after streamlining around property management staffing and consulting following the divestiture of its professional division.
News about BGSF commonly covers quarterly operating results, continuing and discontinued operations, gross profit trends, earnings-call timing, and capital-allocation actions such as stock repurchases and dividends. Company updates also address PropTech services, including Yardi consultant-network participation, implementation support, system optimization, reporting, integrations, and portfolio-level data and analytics for property owners and managers.
BGSF, Inc. (NYSE: BGSF), a leading provider of consulting and workforce solutions, announced that Beth Garvey, Chair, President, and CEO, along with Dan Hollenbach, CFO, will participate in the Alliance Global Partners (AGP) Virtual Growth Technology Conference on February 16, 2023. The management team will be available for one-on-one meetings with investors. Interested parties can schedule meetings through AGP representatives or Three Part Advisors via email. A detailed investor presentation is accessible on BGSF's website. The company is recognized as the 94th largest staffing firm in the U.S. and invests in diverse industries through a disciplined acquisition strategy.
BGSF, Inc. has appointed Christopher Loope as Chief Strategy Officer and Nycole Rosen as Chief Information Officer, aiming to bolster its growth strategy in 2023. Loope, who joined the company in January 2019, previously led significant technology modernization efforts, contributing to a robust M&A growth trajectory. Rosen has been with BGSF since 2019, where she established the Project Management Office and modernized technology systems. These promotions are expected to enhance operational resilience and market share, aligning with CEO Beth Garvey's vision for innovation and leadership in the company.
BGSF, Inc. has announced the acquisition of Horn Solutions, Inc., enhancing its position in consulting, managed services, and workforce solutions. Horn, based in Texas, reported unaudited revenues of approximately $30 million for the trailing twelve months ending September 2022. This acquisition is anticipated to generate cross-selling opportunities and synergies, strengthening BGSF's existing offerings in IT managed services. BGSF aims to leverage Horn’s relationships and expertise to expand its service range and drive growth in 2023 and beyond.
BGSF has appointed Melissa Phillips as the new Chief Digital Officer, joining the executive leadership team to spearhead strategic technology enhancements. Phillips brings extensive experience in digital transformation from her previous roles at Adecco and EmployBridge. Her leadership is expected to improve client and applicant journeys, focusing on personalization and enhanced user experiences.
CEO Beth A. Garvey expressed excitement about leveraging Phillips' expertise to drive digital advancements and create scalable touchpoints for users.
BGSF, Inc. (NYSE: BGSF), a provider of workforce solutions, will present at the Southwest IDEAS Investor Conference on November 17, 2022, at 9:30 am CT in Dallas. The presentation will be webcast and accessible via the conference host's website and BGSF's investor relations page. The company ranks as the 94th largest staffing company and 49th in IT staffing in the U.S., showcasing its growth through disciplined acquisitions and strong management. For more details, visit www.bgsf.com.
BGSF, Inc. (BGSF) reported a strong Q3 2022 with revenues of $78.5 million, up 22.3% year-over-year, and a gross profit of $28.0 million, reflecting a 27.0% increase. The adjusted EBITDA margin stood at 10.2%, marking a significant rise from 8.4% in 2021. The company declared a quarterly cash dividend of $0.15 per share, its 32nd consecutive dividend, resulting in an annualized yield of approximately 4.8%. Net income rose to $4.7 million ($0.44 per diluted share) from $3.7 million ($0.36 per diluted share) in the prior year. For the first nine months of 2022, total revenues reached $221.1 million, an increase of 29.1% from 2021.
BGSF, a leader in workforce solutions, has partnered with Interplay Learning to enhance skilled trades training in multifamily property management. This initiative addresses labor shortages by providing a 320-hour fast-track program that prepares candidates for immediate job application. The collaboration not only benefits management companies by delivering ready-to-work candidates but also empowers individuals to improve their skills and earning potential. BGSF aims to attract new talent to the industry, fostering a generation of dedicated maintenance professionals.
BGSF, Inc. (NYSE: BGSF), a leader in workforce solutions, will discuss its third quarter 2022 financial results in a conference call on November 3, 2022, at 9:00 a.m. ET. The call will be led by CEO Beth Garvey and CFO Dan Hollenbach. A press release and Form 10-Q will be released after market close on November 2, 2022. BGSF, ranked 94th among U.S. staffing firms and 49th in IT staffing by Staffing Industry Analysts, continues to grow through disciplined acquisitions that enhance service and value for investors.
BGSF, Inc. (NYSE: BGSF), a leader in workforce solutions, will present at the Midwest IDEAS Investor Conference on August 24, 2022, in Chicago at 10:15 am CT. The presentation will be accessible via the conference's website and BGSF's investor relations page. BGSF operates divisions in IT, Cyber, Finance & Accounting, Creative, and Real Estate, achieving significant growth with a disciplined acquisition strategy. Ranked as the 94th largest staffing company and 49th in IT staffing in 2022, BGSF emphasizes talent retention and exceptional service for clients and investors.
BGSF, Inc. (NYSE: BGSF) reported Q2 2022 revenues of $74.1 million, a 29.1% increase year-over-year, with net income rising to $3.2 million, or $0.30 per diluted share. Gross profit also saw a significant increase of 30.2% to $25.1 million. The company declared a quarterly cash dividend of $0.15 per share, marking its 31st consecutive payout, with an annualized yield of approximately 4.7%. Adjusted EBITDA rose to $5.4 million, reflecting strong operational results and confidence in the labor market.