BGSF Inc. (NYSE:BGSF) Q1 2024 Results Conference Call May 9, 2024 9:00 AM ET

Company Participants

Sandy Martin - Managing Director
Beth Garvey - Chair, President and Chief Executive Officer
John Barnett - Chief Financial Officer

Conference Call Participants

Jeff Martin - ROTH Capital
Howard Halpern - Taglich Brothers
Bill Dezellem - Tieton Capital
Mike Taglich - Taglich Brothers
George Melas - MKH Management

Operator

Good morning, and welcome to the BGSF Inc. Fiscal 2024 First Quarter Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Sandy Martin, Three Part Advisors. Please go ahead.

Sandy Martin

Thank you, Chad. Good morning, and welcome to the BGSF First Quarter 2024 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 Q&A session. As noted, today's call is being webcast live. A replay will be available later today and archived on the company's Investor Relations page at investor.bgsf.com.

Today's discussion will include forward-looking statements, which are based on certain assumptions made by the company 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 a substitute. GAAP and non-GAAP measures are reconciled in today's earnings press release.

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

Beth Garvey

Thank you, Sandy, and thank you all for joining us in reviewing our performance so far this year. Before we discuss our first quarter earnings, I want to address last night's release announcing our decision to review strategic alternatives for BGSF. Over the past 5 years, we have worked hard to execute our long-term strategy for growing the company organically and through M&A, enhancing our margins, paying down debt and returning capital to shareholders. I wholeheartedly believe what we have built will create value for shareholders over time.