secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001474903-23-000087
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BGSF Q2 revenue up 9.1% to $80.8M; declares $0.15 quarterly dividend
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- Revenue $80.8M (+9.1% YoY); gross profit $29.6M (+18.0%); net income $2.6M ($0.24 EPS).
- Adjusted EBITDA $7.5M (9.3% revs) vs $5.4M; adjusted EPS $0.37 vs $0.34.
- Six-month net loss $13.9M includes $22.5M non-cash impairment from rebranding to BGSF.
- Declared quarterly cash dividend $0.15/share (35th consecutive); payable Aug 28, record Aug 21.
- Growth aided by acquisitions Arroyo Consulting and Horn Solutions; managed services momentum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000087/0001474903-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000087/bgsf-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001474903-23-000087

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