BGSF, Inc.

Good morning, everyone. Welcome to the BGSF Inc. Fiscal 2025 Third Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded. Now I'll turn the call over to Sandy Martin, Three-Part Advisors. Please go ahead.

Good morning. Thank you for joining us today for BGSF's 2025 Fourth Quarter and Full Year Earnings Conference Call. On the call with me are Keith Schrader, Co-CEO and CFO, and Kelly Brown, President and Co-CEO. 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 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 are available at the end of our earnings release. I'll now turn the call over to Keith Schrader. Keith?

Thank you, Sandy, and thank you all for joining us in today's call. Fiscal 2025 was a transformational year for the company. After the sale of the professional division, we retired all outstanding debt, returned a meaningful amount of capital to shareholders via a $2 per share special dividend, and announced a $5 million share buyback. As a result of those actions, today we are a solely focused property management staffing organization, debt-free with a strong cash position. The fourth quarter was a very busy quarter for our team. As discussed in our third quarter earnings call, there are three major directives where we have been strategically focused. First, we utilized the findings from an independent consulting firm to help shape our top-line revenue initiatives as we finalized our budget for 2026 and beyond. Kelly will discuss those in more detail following my remarks. Second, we continue to take aggressive actions to resize our general administrative expenses to be more in line with our standalone property staffing business. We are now estimating ongoing G&A costs to be in the $12 million range, with public company costs estimated at approximately $2 million. And third, we are utilizing the results of an external organizational and incentive compensation study to take further actions to reduce selling and G&A costs, primarily in the selling cost area. Those actions have been identified and we started taking action in late Q1 with the full effect benefiting us in Q3 of this year. The annualized cost savings are approximately $1 million. Additionally, We continue to operate under the TSA agreement following the sale of the professional division. That process is going very well, and I expect to wrap it up by the end of Q1. With that, I will now turn over to Kelly to cover the strategic initiatives that are underway.