BGSF, Inc.

BGSF: Click to Subscribe to Email Notifications

View Company Website: Click to View

Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Research Update Released (Dated December 2, 2024)

Symbol: BGSF
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $12.00
Time Horizon: 12 Months
Rating Established: November 5, 2015
Price When Established: $13.99
Most Recent Report: December 2, 2024
Price When Issued: $9.80

What’s New

BGSF, Inc. Announces Cost Restructuring Plan

On December 23, 2024, BGSF, Inc. announced it began executing a cost restructuring plan in 4Q24. The restructuring plan is designed to reduce costs, improve operating performance, and position the organization for profitable growth.

The BGSF estimates that this plan will reduce annual compensation and benefit expenses by approximately $5 million. Other expense reductions should reduce costs by at least $2 million and up to $4 million in 2025. In addition, the company anticipates reducing its expected annual cash capital expenditures by approximately $800,000 next year by shifting development support to its recently acquired near-shore operation.

Company Description

BGSF, Inc., headquartered in Plano, Texas, provides workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, Creative, Real Estate (apartment communities and commercial buildings), and Light Industrial.