BGSF, Inc.
Description
BGSF, Inc., together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals in SAP, Workday, Peoplesoft, Hyperion, Oracle, One Stream, cyber, project management, management services, and other IT workforce solutions. This segment also offers finance, accounting, legal, human resource, and related support personnel. It serves its products to fortune 500 companies, and medium and small companies, as well as consulting companies. The company was formerly known as BG Staffing, Inc. and changed its name to BGSF, Inc. in February 2021. BGSF, Inc. was incorporated in 2007 and is based in Plano, Texas.
About
CEO
Ms. Beth A. Garvey
Employees
0
Instrument type
Common Stock
Sector
Industrials
Industry
Staffing & Employment Services
MIC code
XNYS
Address
5850 Granite Parkway, Plano, TX 75024, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Mar 12, 2025 | -0.09 | — | — | — |
| Nov 7, 2024 | 0.11 | -0.07 | -0.18 | -163.64% |
Earnings estimate
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Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
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Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 313.17M | 298.42M | 239.03M | 207.13M | 219.76M |
| Cost of revenue | 201.38M | 194.87M | 158.09M | 141.09M | 149.94M |
| Gross profit | 111.78M | 103.55M | 80.94M | 66.04M | 69.83M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 87.85M | 82.90M | 67.05M | 54.90M | 50.11M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 16.16M | 16.60M | 10.19M | 6.28M | 15.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 5.98M | 1.36M | 1.43M | 1.58M | 1.57M |
| Other income expense | -23.34M | -315,000 | 4.34M | -7.51M | -655,705 |
| Pretax income | -13.16M | 14.92M | 13.10M | -2.81M | 12.78M |
| Tax provision | -2.94M | 3.66M | 2.64M | -740,656 | 3.13M |
| Net income | -10.22M | 25.36M | 14.11M | 1.44M | 13.25M |
| Basic EPS | -0.95 | 2.35 | 1.36 | 0.14 | 1.28 |
| Diluted EPS | -0.95 | 2.35 | 1.35 | 0.14 | 1.28 |
| Basic average shares | 10.77M | 10.77M | 10.37M | 10.31M | 10.31M |
| Diluted average shares | 10.77M | 10.77M | 10.37M | 10.31M | 10.31M |
| EBITDA | 23.93M | 20.65M | 13.89M | 11.14M | 19.72M |
| Net income from continuing op. | -10.22M | 24.13M | 9.54M | -3.33M | 9.64M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 178.52M | 194.67M | 148.29M | 130.28M | 115.59M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | — | — | 112,104 | — | — |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 56.78M | 66.29M | 48.13M | 32.83M | 39.42M |
| Other receivables | 2.19M | 2.82M | 2.37M | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 2.96M | 2.42M | 2.35M | 2.15M | 1.24M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | 7.20M | 8.66M | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 456,000 | 565,000 | 13,148 | — | 19,516 |
| Non current assets | |||||
| Properties | 5.44M | 4.46M | 3.91M | 5.55M | 4.39M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 4.63M | 5.58M | 7.24M | 5.78M | 5.12M |
| Construction in progress | — | — | — | — | — |
| Leases | 665,000 | 1.40M | 1.38M | 1.38M | 1.27M |
| Accumulated depreciation | -4.08M | -4.90M | -4.29M | -3.69M | -2.84M |
| Goodwill | 149.55M | 157.94M | 91.87M | 86.24M | 84.20M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 30.37M | 47.55M | 33.58M | 32.13M | 33.81M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 12.30M | 6.61M | 13.05M | 14.45M | 4.07M |
| Total liabilities | 92.98M | 93.94M | 71.70M | 64.82M | 47.13M |
| Current liabilities | |||||
| Accounts payable | 95,000 | 587,000 | 401,175 | 219,693 | 479,422 |
| Accrued expenses | 15.34M | 19.44M | 11.98M | 7.62M | 7.56M |
| Short term debt | 65.13M | 5.84M | 5.46M | 4.49M | 1.65M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 282,000 | 253,000 | 381,806 | 1.86M | — |
| Pensions | — | — | — | — | 405,207 |
| Other current liabilities | 4.21M | 2.08M | 10.16M | 4.08M | 4.01M |
| Non current liabilities | |||||
| Long term debt | 3.81M | 65.72M | 38.57M | 36.59M | 31.25M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 4.11M | 10,000 | 4.55M | 9.64M | 2.17M |
| Shareholders equity | |||||
| Common stock | 109,000 | 108,000 | 104,252 | 73,834 | 75,775 |
| Retained earnings | 16.93M | 33.66M | 14.59M | 5.05M | 8.76M |
| Other shareholders equity | — | — | 58,331 | -122,874 | — |
| Total shareholders equity | 85.54M | 100.74M | 76.59M | 65.46M | 68.46M |
| Additional paid in capital | 68.55M | 67.00M | 61.88M | 60.46M | 59.62M |
| Treasury stock | 57,000 | 38,000 | 37,892 | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | -10.22M | 24.13M | 9.54M | -3.33M | 9.64M | 17.55M | 5.85M | 6.88M | 5.35M | -428,864 | 8.30M | -1.75M | -281,784 |
| Depreciation | 7.77M | 4.05M | 3.70M | 4.86M | 4.72M | 5.04M | 6.29M | 6.73M | 5.54M | 4.64M | 4.89M | 4.47M | 2.75M |
| Deferred Taxes | -5.08M | 2.35M | 1.28M | -2.41M | 799,150 | 1.53M | 3.11M | -1.10M | -717,373 | -129,448 | -7.68M | -23,383 | 38,890 |
| Stock-Based Compensation | 1.03M | 1.09M | 1.06M | 785,723 | 849,665 | 1.07M | 447,301 | 313,988 | 352,881 | 1.19M | — | — | — |
| Other Non-Cash Items | 939,000 | -17.38M | -4.44M | 196,600 | 296,779 | -2.70M | 1.23M | 1.82M | 2.07M | -192,055 | 1.36M | 90,337 | 385,536 |
| Accounts Receivable | 12.16M | -14.79M | -15.18M | 5.03M | -2.77M | -939,454 | 1.43M | -1.39M | -4.19M | 266,289 | -8.03M | 308,349 | -291,941 |
| Accounts Payable | -492,000 | -228,000 | 156,000 | -279,326 | 333,165 | -1.76M | -555,971 | -620,523 | 185,334 | -818,620 | -313,146 | -1.56M | -678,599 |
| Other Assets & Liabilities | 414,000 | -5.28M | -407,000 | 9.64M | -363,707 | 124,745 | -895,837 | -1.17M | -207,780 | 239,951 | -339,732 | 636,183 | -258,725 |
| Operating Cash Flow | 6.53M | -6.06M | -4.30M | 14.49M | 13.51M | 19.92M | 16.91M | 11.47M | 8.39M | 4.77M | -1.81M | 2.17M | 1.66M |
| Investing Activities | |||||||||||||
| Capital Expenditures | — | — | 5,000 | — | 440 | — | 2,350 | 7,587 | 1,259 | 5,000 | — | 8,100 | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -6.92M | -3.22M | -3.79M | -22.00M | -7.50M | — | -24.50M | — | -18.78M | — | -9.55M | -10.99M | -7.35M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -6.92M | -3.22M | -3.79M | -22.00M | -7.50M | — | -24.50M | 7,587 | -18.78M | 5,000 | -10.62M | -11.38M | -7.35M |
| Financing Activities | |||||||||||||
| Long-Term Debt Issuance | 2.31M | 49.78M | 6.80M | 22.50M | 7.50M | — | 25.00M | — | 26.32M | — | 13.10M | 5.50M | 2.33M |
| Long-Term Debt Payments | -6.00M | -26.86M | -2.06M | -15.44M | -10.12M | -24.48M | -3.63M | -7.62M | -17.19M | -11.78M | -2.90M | -1.37M | -1.08M |
| Other Financing Charges | -1.18M | -1.35M | — | — | -3.05M | -4.30M | -5.14M | -8.21M | -2.13M | -2.07M | -1.39M | -126,689 | -285,048 |
| Financing Cash Flow | -11.37M | 15.28M | 6.98M | -12.47M | -8.26M | -50.43M | 5.07M | -8.60M | 7.55M | -14.88M | 7.49M | 8.09M | 5.52M |
| Other Cash Details | |||||||||||||
| End Cash Position | — | — | 112,000 | — | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 1.38M | 7.56M | 3.68M | 995,361 | 3.56M | 2.01M | 5.91M | 5.50M | 3.64M | 1.65M | 66,000 | 24,535 | 17,469 |
| Interest Paid | 4.67M | 641,000 | 879,000 | 1.13M | 1.35M | 1.76M | 1.45M | 2.44M | 1.46M | 2.34M | 1.93M | 1.12M | 904,740 |
| Free Cash Flow | 17.79M | -12.80M | 3.46M | 20.18M | 15.88M | 17.50M | 16.92M | 8.59M | 11.23M | 5.35M | 2.06M | 2.90M | 1.83M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 359,805 | 1.87M | 3.26% |
| RBB Fund Inc.-Adara Smaller Companies Fund | Nov 30, 2024 | 163,080 | 846,385 | 1.48% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 146,036 | 757,926 | 1.32% |
| Forum Funds II-Acuitas U.S. Micro Cap Fund | Sep 30, 2024 | 87,833 | 455,853 | 0.80% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 76,852 | 398,861 | 0.70% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 58,521 | 303,723 | 0.53% |
| Ancora MicroCap Fd | Sep 30, 2024 | 56,598 | 293,743 | 0.51% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 56,237 | 291,870 | 0.51% |
| Bridgeway Fds Inc-Omni Small Cap Value Fund | Sep 30, 2024 | 45,100 | 234,069 | 0.41% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 27,400 | 142,206 | 0.25% |
Article
BGSF, Inc. Publishes 2025 Property Management Trends
PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF) (the “Company” or BGSF”), a national provider of consulting, managed services, and workforce solutions, releases new data on its Property Management segment. Beth Garvey, Chair, President and Chief Executive Officer commented, “Renting and multi-family developments will continue to grow and adapt to generational needs, especially in 2025 with a backdrop of elevated interest rates and less affordable homes. Our research ensures that we recog.
Feb 4, 2025
Article
BGSF, Inc. Announces Cost Restructuring Plan as Part of Strategic Review
PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF) (the “Company” or “BGSF”), a national provider of consulting, managed services, and workforce solutions, announces, as part of its strategic review process, that it has executed a cost restructuring plan during the fourth quarter. The Company recently implemented a significant restructuring plan designed to reduce costs, improve operating performance, and position the organization for profitable growth. The Company estimates that this plan.
Dec 23, 2024
Article
BGSF: Staffing Stock Could Likely Go Higher
Though the stock price of BGSF recently hit an all-time low, several signs suggest it may be positioned for a comeback. BGSF exhibits many characteristics of a "neglected firm", so the company's stock price may not yet reflect the full effect of these signs, meaning the stock may be undervalued. At the same time, investors considering the opportunity should understand the risks affecting both BGSF stock and neglected firms in general.
Dec 5, 2024
