BGSF, Inc. (NYSE:BGSF) Q2 2023 Earnings Call Transcript

John Barnett : I would expect very little. We will have some come through. We’re still working through a number of legal items related to the acquisition of Arroyo. As you can imagine, it’s fairly complex, certainly with the Colombian entity and India. But it won’t be anywhere as significant as what we saw flow through this quarter or the last quarter.

Howard Halpern : Okay. Okay, guys. Keep up the great work.

John Barnett : Thank you.

Operator: Next question comes from Michael Taglich from Taglich Brothers. Michael, please go ahead.

Michael Taglich : Terrific. Beth and team congratulations on an excellent quarter, beating the street. I had a question about the tech part of the business. Obviously, you’ve been outperforming the industry on the tech side. Do you think Arroyo, which is a fairly small acquisition, is going to help you to continue to do that?

Beth Garvey : I definitely do. So the capabilities that that Arroyo team is really going to open up doors across the professional division IT segment altogether. So we’ve got very exciting things that are in the works with that team.

Michael Taglich : All right. Now I don’t think it’s in my numbers, but I should look at that as a cushion if you will that those synergies like the tech spend and the improved margins we’re seeing in the business now.

Beth Garvey : Correct.

Michael Taglich : Good. Congratulations on a strong real estate performance there.

Beth Garvey : Thank you. Super proud of the teams right now.

Michael Taglich : They’re doing a great job. Thank you very much. Looking forward to a couple more great quarters.

Beth Garvey : Thank you.

Operator: I will now turn the call back over to Beth Garvey for closing remarks. Beth, please go ahead.

Beth Garvey : As always, thank you for your time today. We appreciate your continued support. As always, we’re available for follow-up calls. If you would like to work out with the report advisors, we’d be happy to chat in more detail. Otherwise, we will talk to you after we — when we report our third quarter in November. Have a great day.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you so much for joining, and you may now disconnect.