BGSF Q3 revenue falls on lower billable hours
BGSF•BGSF's fiscal third-quarter revenue fell year over year to $25.13 million as billable hours declined. Adjusted EPS rose to $0.09 from $0.08, with profitability improving on lower expenses and operational efficiency.
1. Revenue and earnings
BGSF said fiscal third-quarter revenue declined year over year to $25.13 million, citing fewer billable hours. Adjusted EPS increased to $0.09 from $0.08 a year earlier.
2. Expense reductions and outlook
Profitability improved mainly because selling, general and administrative expenses and interest expense fell. The company said its PropTech platform's growth and AI-enabled recruiting contributed to business improvements, and it expects cost reductions and strategic investments to help manage near-term market challenges.
