BGSF, Inc. Reports First Quarter 2025 Financial Results

About this update from Bgsf, Inc.

[{"type":"text","content":"PLANO, Texas, May 07, 2025--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a leading provider of consulting, managed services, and professional workforce solutions, today reported financial results for the first fiscal quarter ended March 30, 2025.","length":243,"tagName":"p"},{"type":"text","content":"Q1 2025 Highlights (results include sequential comparisons to Q4 2024):","length":71,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues were $63.2 million for Q1, compared to $64.4 million for Q4.","length":69,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Property Management segment revenues decreased 14.1% from Q4, primarily driven by seasonal demand.","length":98,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Professional segment revenues increased 5.6% from Q4, primarily due to an increase in billed hours of approximately 5%.","length":119,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":217,"olType":false}]},{"val":[{"type":"text","content":"Gross profit was $20.9 million for Q1, down from $21.5 million in Q4, primarily due to lower sales in Property Management.","length":122,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss was $0.7 million, or $0.07 per diluted share for Q1, compared to a net loss of $1.0 million in Q4 or $0.10 per diluted share.","length":134,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 was $2.4 million (3.8% of revenues) in Q1 compared to $1.4 million (2.2% of revenues) in Q4.","length":109,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EPS1 was $0.05 for Q1, compared with Adjusted EPS1 loss of $0.06 for Q4.","length":81,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":732,"olType":false},{"type":"text","content":"Beth A. Garvey, Chair, President, and CEO, said, "During the first quarter, business results strengthened as we moved through the quarter. We are also seeing month-over-month improvements in the second quarter. We continue advancing the Company’s restructuring plan to streamline operations based on strategic initiatives we announced in late 2024. Performance improved in the Professional segment, with revenues sequentially up 5.6% in the first quarter compared to the fourth qu...

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