secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001474903-23-000125
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000125/0001474903-23-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000125/bgsf-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001474903-23-000125

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