BGSF, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2023
August 10, 2023 at 01:31 am IST
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BGSF, Inc. reported earnings results for the second quarter and six months ended July 02, 2023. For the second quarter, the company reported sales was USD 80.8 million compared to USD 74.09 million a year ago. Net income was USD 2.6 million compared to USD 3.18 million a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.3 a year ago. Diluted earnings per share was USD 0.24 compared to USD 0.3 a year ago.
For the six months, sales was USD 156.12 million compared to USD 142.63 million a year ago. Net loss was USD 13.86 million compared to net income of USD 18.98 million a year ago. Basic loss per share from continuing operations was USD 1.29. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 0.5 a year ago. Basic loss per share was USD 1.29. Diluted loss per share was USD 1.29 compared to diluted earnings per share of USD 1.82 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.
BGSF, INC. 
