BGSF, Inc. Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue fell 6.6% YoY amid cautious customer spending, while gross margin edged up and SG&A declined. A restructuring targets $1.6M in annual savings, and PropTech is growing with a 1%-2% revenue contribution target for 2027.
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Q2 2026 revenue declined 5.1% year-over-year to $22.3 million, with improved adjusted EBITDA loss and significant SG&A reductions. Operational streamlining and PropTech expansion are underway, with full-year revenue expected to remain flat.
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BG Staffing has transformed into a focused property management staffing provider, leveraging technology, AI, and a national footprint to drive growth and efficiency. Strategic partnerships, a strong balance sheet, and new initiatives like PropTech position the company for continued expansion in 2026 and beyond.
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Transitioned to standalone operations with a focus on property staffing and digital transformation. Q1 revenue was flat year-over-year at $20.9M, with improved adjusted EBITDA loss and ongoing cost optimization. Full-year revenue is expected to grow low to mid-single digits.
Fiscal Year 2025
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Revenue declined 9.4% year-over-year in Q4, but cost reductions improved EBITDA loss. The company is now debt-free, focused on property management staffing, and expects mid-single-digit sales growth in 2026, driven by execution and PropTech expansion.
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Q3 property management revenue fell 9.8% year-over-year but rose 14.4% sequentially, with gross margin steady at 35.9%. Sale of the professional division enabled debt repayment, a $2/share special dividend, and a $5M buyback plan. Strategic initiatives target growth and operational efficiency.
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Q2 revenue declined 8.6% year-over-year but rose 12.6% sequentially, with gross margins holding steady. Post-sale, the company will focus on property management, target $10M G&A, and invest in AI to drive growth. Cash on hand post-transaction is expected to be $45M.
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Revenue declined 8% year-over-year to $63.2 million, but sequential improvements and cost reductions drove higher adjusted EBITDA and EPS. Professional segment showed sequential growth, while property management remains pressured but is seeing early signs of recovery.
Fiscal Year 2024
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Q4 revenue declined year-over-year, but restructuring and cost-saving initiatives are expected to drive $7–9 million in annual savings. Professional segment stabilized, Property Management saw growth in key markets, and AI-driven solutions are expanding.
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Third quarter revenue rose 4.5% sequentially to $71.2M, with IT Consulting stabilizing and Managed Solutions delivering strong growth. Gross margin and EPS declined year-over-year, but operational improvements and new technology investments are driving optimism for 2025.
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Q2 2024 revenue declined year-over-year but was flat sequentially, with Property Management showing sequential growth and Professional Segment poised for a rebound due to new contract wins. Operating cash flow enabled debt reduction, and the largest IT project in company history is set to drive H2 results.