BGSF reports record FY2023 revenue of $313.2M; net loss from continuing ops of $10.2M due to $22.5M impairment

BGSF, INC.

FY2023 revenue $313.2M, up 4.9%; net loss from continuing ops $10.2M ($0.95 diluted EPS) vs net income $11.3M in 2022.
Adjusted EBITDA from continuing ops $25.1M (8.0% of revenue), up 15.9% from $21.7M in 2022.
Q4 2023 revenue $73.6M, down from $77.3M; adjusted EBITDA $5.5M (7.5% of rev), up 27.6% from $4.3M.
New $40M revolving credit facility closed Mar 12, 2024 with BMO, maturing 2028; $34M term loans outstanding.
Property Mgmt revenue grew 3.3% organically; Professional revenue grew 6.1% including $14.8M from Arroyo acquisition.

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 fiscal year and fourth fiscal quarter ended December 31, 2023 results: revenue $313.2 million, net income Net loss from continuing operations was $10.2 million, or $0.95 per diluted share.

Period: the fiscal year and fourth fiscal quarter ended December 31, 2023
Revenue: $313.2 million
Net income: Net loss from continuing operations was $10.2 million, or $0.95 per diluted share
Result: reported results

Exact text from the filing

BGSF, Inc. Reports Full Year and Fourth Quarter 2023 Financial Results Record Full Year Revenues of $313.2 million, up 4.9%

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BGSF, INC. filing history →

Source: SEC EDGAR

accession 0001474903-24-000021

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