BGSF Q1 revenue up 37.8% to $69M; net income from continuing ops $2.35M; dividend $0.15

BGSF, INC.

2022-Q1 EPS reported $1.51 revenue$68,542,277

Revenue from continuing ops $69M, +37.8% YoY; gross profit +44.5% to $23.4M.
Net income from continuing ops $2.35M vs. loss $0.21M; adjusted EPS $0.26 vs. $0.04.
Total net income $15.5M includes $12.2M gain on sale of Light Industrial segment.
Board declares $0.15/share quarterly dividend, payable May 24, record May 17 (30th consecutive).
CEO optimistic about 2022 outlook; real estate and IT consulting expected to drive growth.

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