---
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"
generated_at: "2026-06-18T08:22:37.789196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BGSF reports record FY2022 revenue $298M; Q4 revenue up 14.2% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474903-23-000020
- JSON: https://secwatch.observer/filing/0001474903-23-000020.json
- Plain text: https://secwatch.observer/filing/0001474903-23-000020.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth fiscal quarter ended January 1, 2023
  - Revenue: $77.3 million
  - Net income: $1.4 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/0001474903-23-000020-index.htm
- Earnings Releases
  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.
  - Period: fiscal year ended January 1, 2023
  - Revenue: $298.4 million
  - Net income: $11.3 million
  - EPS: $1.07 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/0001474903-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.