secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001474903-23-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/0001474903-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000020/bgsf-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001474903-23-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer