BGSF, Inc. (NYSE:BGSF) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET

Company Participants

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

Conference Call Participants

Operator

Good morning, everyone. Welcome to the BGSF, Inc. Fiscal 2024 Third Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

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

Sandy Martin

Good morning. Thank you for joining us today for BGSF's third quarter 2024 earnings conference call.

With me on the call 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. Management will refer to non-GAAP measures, including adjusted EPS and adjusted EBITDA. Reconciliations to the nearest GAAP measures can be found at the end of our earnings release. I'll now turn the call over to Beth Garvey.

Beth Garvey

Thanks, Sandy, and thank you all for joining us to discuss our third quarter earnings.

I want to start by saying our comments today will be brief as we are still under a process of evaluating options related to the company's review of strategic alternatives. I look forward to discussing this more in the future when we have additional information to share. We will be taking operational questions on today's call. However, we will not take questions concerning the process.

While the last 18 months have been a challenging operating environment for our industry and specifically for IT and professional services, we believe that our results are beginning to stabilize with more consistency and even recovery as evidenced by sequential sales improvements of IT consulting on the Professional side. We also launched exciting lead generation technology in Q3 as part of an ongoing technology enhancements made possible by our investment into modernization of our tech stack. I'll discuss this more after we cover our results.