BGSF, Inc. (NYSE:BGSF) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET

Company Participants

Sandy Martin - Three Part Advisors

Beth Garvey - Chair, President & CEO

John Barnett - CFO

Conference Call Participants

Howard Halpern - Taglich Brothers

Jeff Martin - ROTH MKM

Operator

Good morning, everyone. Welcome to the BGSF Fiscal 2023 First Quarter Financial Results Conference Call. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded now.

I will turn the conference call over to Sandy Martin, Three Part Advisors. Please go ahead.

Sandy Martin

Thank you. Good morning, and welcome to the BGSF 2023 first quarter earnings conference call. With me on the call today are Beth Garvey, Chair, President and Chief Executive Officer; and John Barnett, Chief Financial Officer. After our prepared remarks, there will be a question-and-answer session. As noted, today's call is being webcast live. A replay will be available later today and also archived on the company's Investor Relations page.

Today's discussion will include forward-looking statements, which are based on certain assumptions made by BGSF under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including those listed in the company's filings with the Securities and Exchange Commission. Management's statements are made as of today and the company assumes no obligation to update these statements publicly even if new information becomes available in the future.

During the call, management will also reference certain non-GAAP financial measures, which can be useful in evaluating the company's operations related to the financial condition and results. These non-GAAP measures are intended to supplement GAAP financial information and should not be considered as a substitute. Reconciliations of GAAP to non-GAAP measures are provided in today's earnings press release.

I'll now turn the call over to Beth Garvey. Beth?

Beth Garvey

Thank you, Sandy, and thank you for joining us today for our first quarter earnings discussion. In late April, we announced our acquisition of a Royal Consulting. I'm excited about the strategic and high value addition to our offerings. We believe that Arroyo strengthens our go-to-market cross-sell efforts by providing current and future clients with cost-effective alternatives through nearshore and offshore IT resources, extending the GSF delivery platform to include Latin America and India add strategic capabilities and expands our IT talent recruitment reach as well.