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BGSF Q3 revenue falls on lower billable hours

By Reuters News


Overview

  • US workforce solutions provider's fiscal Q3 revenue fell yr/yr due to lower billable hours

  • Adjusted EPS for fiscal Q3 rose to $0.09 from $0.08 a year earlier

  • Profitability improved due to lower expenses and operational efficiency


Outlook

  • Company expects cost reduction measures and strategic investments to help manage near-term market challenges


Result Drivers

  • LOWER BILLABLE HOURS - Co attributed revenue decline to fewer billable hours compared to prior year

  • EXPENSE REDUCTION - Co said improved profitability was mainly due to reduced selling, general, and administrative expenses and lower interest expense

  • PROPTECH AND AI INITIATIVES - Co said growth of PropTech platform and AI-enabled recruiting contributed to business improvements


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$25.13 mln

Q3 Adjusted EPS

$0.09


Reuters Recommended Reads

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  • Nov 4 - TrueBlue Q3 adjusted profit beats estimates as revenue jumps

  • Nov 4 - DHI Group Q3 revenue beats estimates on stronger defense, tech sectors


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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