BGSF Q3 revenue up 6.3% to $83.5M; adj. EPS falls to $0.36 from $0.48

BGSF, INC.

2023-Q3 EPS reported -$1.04 revenue$239,600

Revenue $83.5M (+6.3% YoY); Property Management organic growth 8.2%, Professional organic -20.6%.
Net income $2.6M ($0.24 diluted EPS) vs $4.7M in Q3 2022; drop driven by acquisition amortization and interest.
Adjusted EBITDA $7.9M (9.4% of revenue) vs $8.0M in prior year; Adjusted EPS $0.36 vs $0.48.
Nine-month results include $22.5M non-cash impairment from trade name rebranding.
Declared $0.15/share quarterly dividend payable Nov 28, 2023; 36th consecutive quarterly dividend.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BGSF, INC. reported the third fiscal quarter ended October 1, 2023 results: revenue $83.5 million, net income $2.6 million, EPS $0.24 per diluted share.

Period: the third fiscal quarter ended October 1, 2023
Revenue: $83.5 million
Net income: $2.6 million
EPS: $0.24 per diluted share
Result: reported results

Exact text from the filing

professional workforce solutions, today reported financial results for the third quarter ended October 1, 2023. Q3 2023 Highlights from Continuing Operations: • Revenues were $83.5 million, up 6.3% from 2022. Property Management sales grew organically by 8.2% versus the prior year quarter. Professional revenues grew by 5.0%, including acquired revenues, partially

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BGSF, INC. filing history →

Source: SEC EDGAR

accession 0001474903-23-000125

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