{"schema_version":"secwatch.filing_event.v1","accession":"0001474903-23-000020","form_type":"8-K","ticker":"BGSF","cik":"0001474903","company_name":"BGSF, INC.","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.153013+00:00","generated_at":"2026-06-18T08:22:37.789196+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BGSF reports record FY2022 revenue $298M; Q4 revenue up 14.2% YoY","bullets":["Full-year revenue $298.4M, +24.8% YoY (organic 24.2%); adjusted EBITDA $21.7M, +45% YoY.","Q4 revenue $77.3M, +14.2% YoY (organic 12%); Q4 adjusted EBITDA $4.3M (5.6% of rev), down from $5.1M.","Full-year net income from continuing ops $11.3M ($1.07 diluted EPS); adjusted EPS $1.26, +46.5% YoY.","Q4 net income from continuing ops $1.4M ($0.14 diluted EPS), lower vs $4.3M which included CARES Act credit.","Gross profit margin improved 80bps to 34.7% for FY2022; Q4 margin was 35.0%, up 40bps YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001474903-23-000020","json":"https://secwatch.observer/filing/0001474903-23-000020.json","markdown":"https://secwatch.observer/filing/0001474903-23-000020.md","text":"https://secwatch.observer/filing/0001474903-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/0001474903-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/bgsf-20230308.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:22:37.789196+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a47178c83e9546ac49eb78a2dd2cd3eef79a151b","claim":"BGSF, INC. reported fourth fiscal quarter ended January 1, 2023 results: revenue $77.3 million, net income $1.4 million, EPS $0.14 per diluted share.","evidence_excerpt":"Q4 2022 Highlights from Continuing Operations 2 : • Revenues were $77.3 million, up 14.2% from 2021, including organic growth of 12.0%. • Gross profit was $27.1 million, up 15.5% from 2021, including organic growth of 12.1%. Gross profit percent increased 40 basis points to 35.0% in 2022. • Net income from continuing operations was $1.4 million, or $0.14 per diluted share, vs. net income from continuing operations of $4.3 million, or $0.41 per diluted share in 2021, which inclu ded a CARES Act credit with an impact on net income o f $1.6 million , or $0.15 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/0001474903-23-000020-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth fiscal quarter ended January 1, 2023"},{"label":"Revenue","value":"$77.3 million"},{"label":"Net income","value":"$1.4 million"},{"label":"EPS","value":"$0.14 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f56a4f4f462406ea08cea4fbbf1a3ef848ef14d4","claim":"BGSF, INC. reported fiscal year ended January 1, 2023 results: revenue $298.4 million, net income $11.3 million, EPS $1.07 per diluted share.","evidence_excerpt":"Full Year 2022 Highlights from Continuing Operations 2 : • Revenues were $298.4 million, up 24.8% from 2021, including organic growth of 24.2%. • Gross profit was $103.5 million, up 27.9% from 2021, including organic growth of 26.9%. Gross profit margins increased 80 basis points to 34.7% in 2022. • Net income from continuing operations was $11.3 million, or $1.07 per diluted share, vs. net income from continuing operations of $10.5 million, or $1.00 per diluted share in 2021, net income was impacted by a CARES Act credit of $1.7 million, or $0.16 per diluted share, and a gain on contingent consideration of $1.9 million, or 0.18 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/0001474903-23-000020-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended January 1, 2023"},{"label":"Revenue","value":"$298.4 million"},{"label":"Net income","value":"$11.3 million"},{"label":"EPS","value":"$1.07 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}