BGSF, Inc. Reports First Quarter 2024 Financial Results Generated $7.4 Million of Operating Cash Flow
BGSF, Inc. (BGSF)
NASDAQ:AMEX Investor Relations:
bgstaffing.investorroom.com
Company Research
Source: Business Wire
PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, 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 of $20.7 million, which included a one-time non-cash impairment of $22.5 million related to trade name intangible assets from the branding to BGSF for all entities. The after-tax impact was $16.9 million or $1.58 per diluted share, using the effective tax rate.Net loss was $0.8 million, or $0.07 per diluted share, versus net loss of $16.5 million, or $1.54 per diluted share in 2023, primarily due to the trade name impairment.Adjusted EBITDA1 was $2.7 million (3.9% of revenues) in 2024 from $4.3 million (5.6% of revenues) in
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BGSF
News
- BGSF, Inc. (NYSE:BGSF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- BGSF, Inc. (NYSE: BGSF) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- BGSF, Inc. Announces Review of Strategic Alternatives and Suspension of Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- BGSF, Inc. Reports First Quarter 2024 Financial Results Generated $7.4 Million of Operating Cash Flow [Yahoo! Finance]Yahoo! Finance
- BGSF, Inc. Announces Review of Strategic Alternatives and Suspension of Quarterly Cash DividendBusiness Wire
BGSF
Earnings
- 5/8/24 - Beat
BGSF
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- BGSF's page on the SEC website