BGSF, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 01, 2023
March 08, 2023 at 04:49 pm
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BGSF, Inc. reported earnings results for the fourth quarter and full year ended January 01, 2023. For the fourth quarter, the company reported sales was USD 77.28 million compared to USD 67.69 million a year ago. Net income was USD 1.73 million compared to USD 5.31 million a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.41 a year ago. Diluted earnings per share was USD 0.16 compared to USD 0.5 a year ago.
For the full year, the company reported sales was USD 298.42 million compared to USD 239.03 million a year ago. Net income was USD 25.36 million compared to USD 14.11 million a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 1 a year ago. Diluted earnings per share was USD 2.42 compared to USD 1.35 a year ago.
BGSF, Inc. is a provider of consulting, managed services, and professional workforce solutions. The Company operates through two segments: Property Management and Professional. The Property Management segment is a provider of office and maintenance talent. It operates in 38 states and D.C. The Professional segment provides specialized talent and business consultants for information technology (IT), managed services, finance, accounting, legal and human resources. The segment operates across the United States in three divisions: IT, Managed Solutions, and Finance & Accounting, with the IT division providing additional nearshore and offshore solutions in Colombia and India. Its client partners include Fortune 500 companies, medium and small companies, as well as consulting firms engaged in systems integration projects. Its workforce services consist of on-demand or short-term assignments, consulting services, managed services and on-site management administration.