$BGSF reports strong financial results for FY2022 & Q4/2022
Mar 8th 2023, 10:23 pm
Analyst Summary: BGSF, Inc. (NYSE: BGSF) has reported its financial results for the fiscal year and fourth fiscal quarter ended January 1, 2023. The company delivered strong results for 2022, demonstrating significant progress in its core strategy of building higher margin businesses in consulting, managed services, and workforce solutions. The company recorded revenues of $777.3 million, up 14% from 2021, and gross profit margins increased by 40 basis points to 35% in 2022. The net income per diluted share was $1.07, an increase of 46% from 2021. The CEO, Beth A., expressed her gratitude to the company's hardworking teams and acknowledged that there is more work to be done in the coming years. The company will discuss its Q4/2022 financial results during a conference call on March 9, 2023. Additionally, the company will provide Non-GAAP financial measures such as Adjusted EBITDA and Adjusted EPS to help readers understand the company's financial performance.