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BGSF, Inc. Reports Q1 2025 Financial Results

BGSF, Inc. Reports Q1 2025 Financial Results

BGSF Inc. ( (BGSF) ) has released its Q1 earnings. Here is a breakdown of the information BGSF Inc. presented to its investors.

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BGSF, Inc. is a prominent provider of consulting, managed services, and professional workforce solutions across various industries, including IT, Finance & Accounting, Managed Solutions, and Property Management. The company recently released its financial results for the first quarter of 2025, highlighting a slight decrease in revenues to $63.2 million compared to the previous quarter. Despite this, the Professional segment showed a positive trend with a 5.6% increase in revenues, attributed to a rise in billed hours.

The company’s gross profit for the quarter was $20.9 million, down from $21.5 million in the previous quarter, primarily due to lower sales in the Property Management segment. However, BGSF managed to reduce its net loss to $0.7 million, or $0.07 per diluted share, compared to a net loss of $1.0 million in the fourth quarter of 2024. Notably, the adjusted EBITDA improved significantly to $2.4 million, representing 3.8% of revenues, up from 2.2% in the previous quarter.

BGSF’s strategic restructuring plan, initiated in late 2024, continues to streamline operations and improve efficiency. The company is witnessing month-over-month improvements in the second quarter, with a focus on enhancing performance in its Professional segment. The Property Management segment experienced seasonal softness, but gross margins showed sequential improvement.

Looking ahead, BGSF remains committed to advancing its restructuring initiatives and strategic plans to drive growth and operational efficiency. The management’s outlook suggests a cautious yet optimistic approach as they navigate the evolving market dynamics and continue to build value for investors.

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