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Stock impact report

BGSF, Inc. Reports Full Year and Fourth Quarter 2023 Financial Results [Yahoo! Finance]

BGSF, Inc. (BGSF) 
NASDAQ:AMEX Investor Relations: bgstaffing.investorroom.com
Company Research Source: Yahoo! Finance
PLANO, Texas, March 13, 2024 BUSINESS WIRE )--BGSF, Inc. ( NYSE: BGSF ), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for its fiscal year and fourth fiscal quarter ended December 31, 2023. Note: Fiscal 2023 financial results are on a 52-week year ended December 31, 2023, compared to Fiscal 2022 financial results on a 53-week year ended January 1, 2023. Full Year 2023 Highlights from Continuing Operations Revenues were $313.2 million, up 4.9% from 2022. Property Management revenues grew organically by 3.3% versus the prior year. Professional revenues grew by 6.1% from prior year, with Arroyo Consulting acquisition contributing $14.8 million in new revenues, partially offset by a decline in the existing Professional business. Gross profit was $111.8 million, up 8.0% from 2022. Gross profit margins increased 100 basis points to 35.7%. Operating loss in 2023 includes a non-cash impairment of $22.5 mil Show less Read more
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