Welcome to our dedicated news page for Barrett Business Services (Ticker: BBSI), a resource for investors and traders seeking the latest updates and insights on Barrett Business Services.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Barrett Business Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Barrett Business Services's position in the market.
Barrett Business Services, Inc. (BBSI) reported a strong first quarter 2024 with revenues of $265.8 million, showing a 4% increase from the previous year. Gross billings saw a 7% rise to $1.91 billion, while net loss was $0.1 million, compared to a net income of $0.8 million. BBSI's positive momentum is attributed to marketing initiatives, new product offerings, and the successful rollout of BBSI Benefits. The company remained debt-free and paid a regular quarterly cash dividend of $0.30 per share. BBSI expects gross billings growth of 6-8% for 2024 and aims to increase the average number of worksite employees by 4-5%.