BGSF, Inc. Announces Cost Restructuring Plan as Part of Strategic Review [Yahoo! Finance]
BGSF, Inc. (BGSF)
NASDAQ:AMEX Investor Relations:
bgstaffing.investorroom.com
Company Research
Source: Yahoo! Finance
national provider of consulting, managed services, and workforce solutions, announces, as part of its strategic review process, that it has executed a cost restructuring plan during the fourth quarter. The Company recently implemented a significant restructuring plan designed to reduce costs, improve operating performance, and position the organization for profitable growth. The Company estimates that this plan will reduce annual compensation and benefit expenses by approximately $5 million. The Company has also identified other expense reductions that it plans to execute in 2025 that the Company expects will deliver an estimated $2 million to $4 million in savings during 2025. In addition to expense savings, the Company anticipates reducing its expected annual cash capital expenditures by approximately $800,000 during 2025 by shifting development support to its recently acquired near-shore operation. "This restructuring plan re-baselines costs to improve profitability. While we h
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BGSF
News
- BGSF, Inc. Announces Cost Restructuring Plan as Part of Strategic ReviewBusiness Wire
- BGSF, Inc. (BGSF) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- BGSF Inc (BGSF) Q3 2024 Earnings Call Highlights: Navigating Revenue Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
- BGSF, Inc. Reports Third Quarter 2024 Financial ResultsBusiness Wire
- BGSF, Inc. Announces Timing of Third Quarter Fiscal Year 2024 Results and Earnings Conference CallBusiness Wire
BGSF
Earnings
- 11/6/24 - Miss
BGSF
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- BGSF's page on the SEC website