---
schema_version: "secwatch.filing_event.v1"
accession: "0001474903-23-000125"
form_type: "8-K"
ticker: "BGSF"
cik: "0001474903"
company_name: "BGSF, INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:30:26.367086+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001474903-23-000125
- form_type: 8-K
- ticker: BGSF
- cik: 0001474903
- company_name: BGSF, INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000125/0001474903-23-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000125/bgsf-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474903-23-000125
- JSON: https://secwatch.observer/filing/0001474903-23-000125.json
- Plain text: https://secwatch.observer/filing/0001474903-23-000125.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474903/000147490323000125/0001474903-23-000125-index.htm

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