BGSF, INC. — fact timeline

BGSF, INC. reported first fiscal quarter ended March 29, 2026 results: revenue $20.9 million, net income Net loss was $1.4 million, or $0.13 per diluted share, EPS $0.13 per diluted share.

“Property Management industry, today reported financial results for the first fiscal quarter ended March 29, 2026. Q1 2026 Highlights from Continuing Operations • Revenues were $20.9 million for Q1 current and prior year quarter. • Gross profit was $7.4 million for Q1, compared to $7.6 million in prior year quarter, primarily driven by a lower gross margin”

BGSF, INC. reported financial results for fourth fiscal quarter ended December 28, 2025.

“On March 11, 2026, BGSF, Inc. (the "Company") issued a press release regarding its financial results for the fourth fiscal quarter ended December 28, 2025.”

BGSF, INC. completed a disposition involving INSPYR Solutions Intermediate, LLC for $99 million in cash (closed 2025-09-08).

“Solutions Holdings Corporation, an affiliate of Purchaser, and (iii) sell all of the issued and outstanding equity interests of BG F&A and BGSF Professional to Purchaser, for $99 million in cash (subject to adjustment as provided in the Equity Purchase Agreement) and otherwise upon and subject to the terms and conditions set forth in the Equity Purchase Agreement”

Keith Schroeder was appointed as interim Co-Chief Executive Officer at BGSF, INC..

“On June 13, 2025 , the Company’s Board of Directors appointed Kelly Brown, President of the Company’s Property Management Division, and Keith Schroeder, the Company’s current Chief Financial Officer and Secretary, to each act as interim Co-Chief Executive Officers effective as of July 1, 2025, and their focus will be on growing the Company’s Property Management Division and right sizing the Company and its subsidiaries.”

Kelly Brown was appointed as interim Co-Chief Executive Officer at BGSF, INC..

“On June 13, 2025 , the Company’s Board of Directors appointed Kelly Brown, President of the Company’s Property Management Division, and Keith Schroeder, the Company’s current Chief Financial Officer and Secretary, to each act as interim Co-Chief Executive Officers effective as of July 1, 2025, and their focus will be on growing the Company’s Property Management Division and right sizing the Company and its subsidiaries.”

Beth Garvey resigned as Chair, President and Chief Executive Officer at BGSF, INC..

“On June 13, 2025, as a result of the transaction described above, Beth Garvey, the Company’s Chair, President and Chief Executive Officer, resigned from her director and officer positions within the Company and its subsidiaries effective as of July 1, 2025 to pursue other interests.”

Keith Schroeder was appointed as Chief Financial Officer and Secretary at BGSF, INC..

“approved the appointment of Keith Schroeder, age 69, as Chief Financial Officer and Secretary of the Company, effective March 18, 2025”

BGSF, INC. reported first fiscal quarter ended March 31, 2024 results: revenue $68.8 million, net income ($0.8) million, or ($0.07) per diluted share.

“and professional workforce solutions, today reported financial results for the first fiscal quarter ended March 31, 2024. Q1 2024 Highlights from Operations: • Revenues were $68.8 million for 2024, compared to $75.3 million for 2023. • Gross profit was $23.4 million, from $26.8 million in 2023. • Operating income was $0.4 million in 2024, up from an operating loss”

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.

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

BGSF, INC. shareholders approved Advisory vote to approve named executive officer compensation at the 2023-08-09 meeting.

“Proposal 4 The advisory vote to approve named executive officer compensation was approved based upon the following votes: Votes For Votes Against Abstentions Broker Non-votes 4,628,239 227,884 364,341 1,906,385”

BGSF, INC. shareholders approved Amendment to BGSF, Inc. 2013 Long-Term Incentive Plan to add 250,000 additional shares of common stock available for issuance at the 2023-08-09 meeting.

“Proposal 3 The proposal to amend the BGSF, Inc. 2013 Long-Term Incentive Plan, including to add an additional 250,000 shares of common stock available for issuance was approved based upon the following votes: Votes For Votes Against Abstentions Broker Non-votes 3,468,479 1,748,962 3,025 1,906,383”

BGSF, INC. shareholders approved Ratification of appointment of Whitley Penn LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-08-09 meeting.

“Proposal 2 The proposal to ratify the appointment of Whitley Penn LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved based upon the following votes: Votes For Votes Against Abstentions Broker Non-votes 6,933,493 187,025 6,331 —”

BGSF, INC. shareholders approved Election of Class III directors at the 2023-08-09 meeting.

“Proposal 1 An election of Class III directors of the Company to serve until the third annual meeting following the Annual Meeting. The following individuals were elected as Class III directors of the Company: Nominee Votes For Votes Withheld Broker Non-votes C. David Allen, Jr. 4,807,320 413,146 1,906,383 Douglas E. Hailey 3,701,535 1,518,931 1,906,383 There were no abstentions on this matter.”

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.

“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”

BGSF, INC. shareholders approved Advisory vote to approve named executive officer compensation at the 2023-08-09 meeting.

“Votes For Votes Against Abstentions Broker Non-votes 4,628,239 227,884 364,341 1,906,385”

BGSF, INC. shareholders approved Amend the BGSF, Inc. 2013 Long-Term Incentive Plan, including to add an additional 250,000 shares of common stock available for issuance at the 2023-08-09 meeting.

“Votes For Votes Against Abstentions Broker Non-votes 3,468,479 1,748,962 3,025 1,906,383”

BGSF, INC. shareholders approved Ratify the appointment of Whitley Penn LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-08-09 meeting.

“Votes For Votes Against Abstentions Broker Non-votes 6,933,493 187,025 6,331 —”

BGSF, INC. shareholders approved Election of Class III directors at the 2023-08-09 meeting.

“C. David Allen, Jr. 4,807,320 413,146 1,906,383 Douglas E. Hailey 3,701,535 1,518,931 1,906,383”

BGSF, INC. reported second quarter ended July 2, 2023 results: revenue $80.8 million, net income $2.6 million, or $0.24 per diluted share, EPS $0.24 per diluted share.

“2 ex991q22023earnings.htm EXHIBIT 99.1 Document BGSF, Inc. Reports Second Quarter 2023 Financial Results Announces 35 th Consecutive Quarterly Dividend Quarterly Revenues of $80.8 million, up 9% PLANO, Texas – (August 9, 2023) – BGSF, Inc. ( NYSE: BGSF ), a growing provider of consulting, managed services, and professional workforce solutions, today reported”

BGSF, INC. amended revolving credit of up to $41 million with BMO Harris Bank, N.A. at Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable M maturing July 16, 2024.

“On May 19, 2023, BGSF, Inc. (the “Company”) entered into a Fourth Amendment to the Credit Agreement (the “Credit Agreement”), maturing July 16, 2024, lead by BMO Harris Bank, N.A. (“BMO”), as lead administrative agent, lender, letters of credit issuer, and swing line lender. The Credit Agreement provides for the revolving facility (the “Revolving Facility”) permitting the Company to borrow funds from time to time in an aggregate amount up to $41 million (the initial Revolving Facility of $35 million). The Fourth Credit Amendment bears interest either at the Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable Margin (as such terms are defined in the Fourth Credit Amendment).”

BGSF, INC. amended Fourth Amendment to the Credit Agreement with BMO Harris Bank, N.A. valued at $41 million (effective 2023-05-19).

“On May 19, 2023, BGSF, Inc. (the “Company”) entered into a Fourth Amendment to the Credit Agreement (the “Credit Agreement”), maturing July 16, 2024, lead by BMO Harris Bank, N.A. (“BMO”), as lead administrative agent, lender, letters of credit issuer, and swing line lender. The Credit Agreement provides for the revolving facility (the “Revolving Facility”) permitting the Company to borrow funds from time to time in an aggregate amount up to $41 million”

BGSF, INC. reported first quarter ended April 2, 2023 results: revenue $75.3 million, net income $(16.5) million, EPS $(1.54) per diluted share.

“services, and workforce solutions, today reported financial results for its first quarter ended April 2, 2023. Q1 2023 Highlights from Continuing Operations: • Revenues were $75.3 million, up 9.9% from 2022. • Gross profit was $26.8 million, up 14.3% from 2022. Gross profit percent increased 140 basis points to 35.6% in 2023. • Operating income (loss) includes a”

Donna Carroll was appointed as Director at BGSF, INC..

“On April 14, 2023, the Board of Directors (the “Board”) of BGSF, Inc. (“BGSF” or the “Company”) appointed Donna Carroll to the Board as a Class I director”

BGSF, INC. completed an acquisition involving Arroyo Consulting LLC for $8.0 million (closed 2023-04-24).

“with operations in the US, Colombia and India. For the fiscal year ended December 31, 2022, Arroyo Consulting had unaudited revenue of $16.2 million. The purchase price was $8.0 million, subject to a working capital adjustment, of which $6.8 million cash was paid at closing. $350,000 of the purchase price was held back until the later of (i) the working capital”

Donna Carroll was appointed as Director at BGSF, INC..

“On April 14, 2023, the Board of Directors (the “Board”) of BGSF, Inc. (“BGSF” or the “Company”) appointed Donna Carroll to its Board as a Class I director, bringing the total number of Board members to seven.”

John Barnett was appointed as Chief Financial Officer and Secretary at BGSF, INC..

“On March 3, 2023, the Board of Directors of BGSF, Inc. (“BGSF” or the “Company”) approved the appointment of John Barnett, age 56, as Chief Financial Officer and Secretary of the Company, effective March 20, 2023 (the “Commencement Date”).”

BGSF, INC. reported fiscal year ended January 1, 2023 results: revenue $298.4 million, net income $11.3 million, EPS $1.07 per diluted share.

“Full Year 2022 Highlights from Continuing Operations 2 : • Revenues were $298.4 million, up 24.8% from 2021, including organic growth of 24.2%. • Gross profit was $103.5 million, up 27.9% from 2021, including organic growth of 26.9%. Gross profit margins increased 80 basis points to 34.7% in 2022. • Net income from continuing operations was $11.3 million, or $1.07 per diluted share, vs. net income from continuing operations of $10.5 million, or $1.00 per diluted share in 2021, net income was impacted by a CARES Act credit of $1.7 million, or $0.16 per diluted share, and a gain on contingent consideration of $1.9 million, or 0.18 per diluted share.”

BGSF, INC. reported fourth fiscal quarter ended January 1, 2023 results: revenue $77.3 million, net income $1.4 million, EPS $0.14 per diluted share.

“Q4 2022 Highlights from Continuing Operations 2 : • Revenues were $77.3 million, up 14.2% from 2021, including organic growth of 12.0%. • Gross profit was $27.1 million, up 15.5% from 2021, including organic growth of 12.1%. Gross profit percent increased 40 basis points to 35.0% in 2022. • Net income from continuing operations was $1.4 million, or $0.14 per diluted share, vs. net income from continuing operations of $4.3 million, or $0.41 per diluted share in 2021, which inclu ded a CARES Act credit with an impact on net income o f $1.6 million , or $0.15 per diluted share.”

BGSF, INC. completed an acquisition involving Horn Solutions, Inc. and Horn Solutions Dallas, LLC for $42.659 million (closed 2022-12-12).

“Horn Solutions also offers support services in consulting, loan staff for projects, interim and staff augmentation, direct hire and managed services. The purchase price of $42.659 million was paid at closing with $33.940 million in cash and $3.351 million of our common stock (254,455 shares of our common stock privately placed under Section 4(a)(2) of the”

BGSF, INC. incurred term loan of $40 million with BMO Harris Bank N.A. (as lead administrative agent), Citibank, N.A., and Independent Bank at Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable M maturing July 16, 2024.

“In connection with the acquisition of the assets of Horn Solutions described above, on December 12, 2022, the Company entered into a Second Amendment to the Credit Agreement (the “Credit Agreement”) with BMO Harris Bank N.A. (“BMO”), as lead administrative agent, lender, letters of credit issuer, and swing line lender, Citibank, N.A., and Independent Bank, providing for a new $40 million term loan maturing July 16, 2024 (the “Term Loan”) (the initial Term Loan of $30 million having been paid in full). The Term Loan bears interest either at the Base Rate plus the Applicable Margin or Adjusted Term SOFR plus the Applicable Margin (as such terms are defined in the Credit Agreement), with 2.5% of the original principal balance payable on the last business day of each quarter, beginning on March 31, 2023.”

BGSF, INC. reported third quarter ended September 25, 2022 results: revenue $78.5 million, net income $4.7 million, EPS $0.44 per diluted share.

“Revenues were $78.5 million, an increase of 22.3% from 2021”