BGSF reports Q3 2025 results with $96.5 million divestiture, $2 per share special dividend, and new stock buyback plan amid strategic realignment.

Quarter Financial Results Conference Call. As a reminder, this conference call is being recorded. Please note all lines are on listen-only mode and there will be a question and answer session after the presentation. Now I will turn the call over to Sandy Martin from 3 Part Advisors. Please go ahead. Good morning. Thank you for joining us today for BGSF's third quarter 2025 earnings conference call. With me on the call are Keith Schrader, Interim co CEO and CFO Kelly Brown, Interim Co CEO and President of Property Management. After our prepared remarks, there will be a Q and 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 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 are available at the end of our earnings release. I'll now turn the call over to Keith Schrader. Thank you Sandy and thank you all for joining us on today's call. Kelly and I want to apologize for the delayed earnings release. It was due to the additional time required to finalize the accounting for the sale of the Professional Division, including its treatment between discontinued and continuing operations. After our prepared remarks today, we will open the call up for analyst and investor questions. In September, we closed on the divestiture of BGSF's professional division to Inspire Solutions, a portfolio company of A and M Capital Partners, for cash of $96.5 million plus a $2.5 million working capital adjustment. Subsequent to the closing, we paid off the Company's outstanding debt of approximately $46 million. Then on September 16, the company's board of Directors declared a special cash dividend of $2 per share on BGSF's common stock, returning $22.4 million to shareholders. After our September 30th dividend payments, the company's cash balances were approximately 20 million. As a part of the Board's continuing evaluation of the best use of BGS excess capital. Today we announce a stock buyback plan of up to 5 million. The board believes that purchasing stock at current prices is a good investment for the company and reflects our confidence in BGSF's long term strategy. Following the close of the sale of the Professional division, we've been focused on three big directives. During the quarter, we engaged an independent consulting firm to.