BGSF, Inc.

Good morning, everyone, and welcome to the BGSF Inc. Fiscal 2023 Third Quarter Financial Results Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing star, then zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touchtone phone. To withdraw your question, please press star, then two. As a reminder, this conference has been recorded. Now I'd like to turn the call over to Sandy Martin, three-part advisors. Please go ahead.

Thank you. Good morning, and welcome to the BGSF 2023 Third 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 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 materially differ from those indicated by the forward-looking statements because of various risks and uncertainties, including those listed and the company's filings with the Securities and Exchange Commission. Management 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 conditions and results. These non-GAAP measures are intended to supplement GAAP financial information and should not be considered 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?

Thank you, Sandy, and thank you, everyone, for joining us today for our third quarter earnings discussion. Our performance for the third quarter reflects continued progress on our long-term strategic initiatives. Our goals are to grow through organic and inorganic revenues and by diversification actions through higher value and specialized offerings in both segments. Property management solutions and our professional consulting and project work continue to enhance consolidated gross margins and companies' return profile. Our third quarter performance reflects this progress with sales growth of 6.3% that resulted in total revenues of $83.5 million. We grew by 8% in the property management segment and 5% in the professional segment, despite pockets of weakness, mainly in the ERP-related consulting area. The effects of the economic uncertainties and the high interest rates of 2023 continue to cloud our industry and create a choppy demand environment. We believe that our unique offerings across our two segments, as well as good diversification of clients in the end markets, position us well in this environment. Our strategic investments in people, process, and technology over the last three years have given us more stability and capabilities to succeed than three years ago. The professional segment is in the early stages of realizing benefits from recently added or acquired workforce solution competencies. This includes our nearshore and offshore capabilities from the acquisition of Arroyo Consulting earlier this year. Our full suite of professional services and solutions includes our acquisitions has strengthened our go-to-market value delivery proposition. This includes added global IT resources and capabilities with AI capabilities, projects, and customer solutions. With that, I'll turn the call over to John to cover the detailed financial results.