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Stay informed about the latest developments affecting BGSF Inc (NYSE: BGSF), a specialized property management staffing provider serving multifamily and commercial real estate sectors nationwide. This news feed aggregates press releases, earnings announcements, strategic updates, and industry analysis relevant to BGSF's operations in the real estate workforce solutions market.
BGSF news coverage includes quarterly financial results, changes in property management industry conditions, labor market trends affecting real estate staffing, expansions into new geographic markets, and strategic initiatives that impact the company's focus on multifamily and commercial property staffing. Investors and industry professionals can track announcements related to client acquisitions, service expansions, operational changes, and management commentary on real estate sector dynamics.
The real estate staffing industry experiences cyclical fluctuations tied to property development activity, occupancy rates, rental market conditions, and commercial real estate investment trends. News affecting apartment construction, commercial property transactions, institutional real estate investment, and property management industry consolidation may influence BGSF's business environment. Regulatory changes impacting employment law, wage requirements, worker classification, or real estate operations can also affect workforce solutions providers serving the property management sector.
This page compiles news from multiple sources to provide comprehensive coverage of BGSF corporate developments, financial performance, strategic announcements, and broader real estate staffing industry trends. Whether you're an investor analyzing BGSF stock, a property management professional considering workforce solutions, or an industry observer tracking staffing sector dynamics, this news feed delivers timely information about factors influencing the company's operations and market position.
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
BGSF, Inc. reported strong Q2 2021 results with revenues of $74.4 million, an 18.8% increase year-over-year. Gross profit rose by 28.9% to $21.8 million, while net income improved to $3.4 million, or $0.33 per diluted share, compared to a net loss of $4.8 million in Q2 2020. The Board declared a quarterly cash dividend of $0.12, marking the 27th consecutive quarterly dividend, offering an annualized yield of about 4.1%. Outlook remains positive as segments recover from the pandemic, supported by operational restructuring and new client acquisitions.
BGSF, Inc. (NYSE: BGSF) will discuss its second quarter 2021 financial results on a conference call on August 5, 2021, at 4:30 p.m. ET. The call will be hosted by President and CEO Beth Garvey, along with CFO Dan Hollenbach. A related press release will be available before market opening on the same day.
Participants can join by dialing specific numbers for U.S., international, and Canadian callers. A replay will be accessible until August 12, 2021. BGSF specializes in providing workforce solutions across various industries.
BGSF is participating in the Virtual East Coast IDEAS Investor Conference on June 16-17, 2021. CEO Beth A. Garvey and CFO Dan Hollenbach will host one-on-one meetings on June 17. A webcast of their presentation will be available at 7:00 a.m. CDT on June 16 via the conference portal and BGSF’s investor relations website. BGSF, based in Plano, Texas, provides workforce solutions across various sectors, including IT and finance, and is recognized as one of the largest staffing firms in the U.S.
BGSF, Inc. (NYSE: BGSF) reported Q1 2021 results, showing revenues of $67.7 million, an 8.6% decline year-over-year. Gross profit decreased to $18.8 million (-7.2%), though gross margin improved to 27.8%. Net income fell to $0.7 million ($0.07 per diluted share), down from $1.5 million ($0.14 per diluted share). Adjusted EBITDA also decreased to $2.9 million, representing 4.3% of revenues. The Board declared a quarterly cash dividend of $0.10 per share, marking the 26th consecutive quarterly dividend with an annualized yield of approximately 2.9%. The company aims for recovery in its segments despite the pandemic's ongoing effects.