Barrett Business Svcs Inc Stock Price, News & Analysis

Barrett Business Services (NASDAQ: BBSI), a leading PEO and business management solutions provider, has scheduled its Q2 2025 earnings conference call for Wednesday, August 6, 2025, at 5:00 p.m. ET. CEO Gary Kramer and CFO Anthony Harris will host the call.

The company will release its financial results before the call. Investors can access the call via toll-free number 1-800-717-1738 or international number 1-646-307-1865 using Conference ID 94609. A replay will be available until September 6, 2025, and the live broadcast can be accessed through BBSI's investor relations website.

Barrett Business Services (NASDAQ: BBSI), a leading professional employer organization (PEO), has announced the opening of a new physical branch office in Dallas, Texas. The company has been operating in North Texas through an asset-light model since 2022, and this brick-and-mortar expansion strengthens its presence in the Dallas-Fort Worth business community.

The new branch, located in Plano, TX, will be led by Dallas native Chase Mortenson and will serve companies across Northern Texas. BBSI's services include payroll administration, benefits, workers' compensation coverage, risk and safety consulting, recruiting, and human resources. The company plans to hold a ribbon-cutting ceremony this summer.

Barrett Business Services (BBSI) has appointed Joseph S. Clabby as Chairman of the Board of Directors, succeeding Anthony Meeker who will continue serving as a board member. Clabby, who became Vice Chairman in December 2024 and joined the board in September 2022, brings extensive experience from his two-decade tenure at ACE Limited and Chubb. Meeker, who has been with BBSI's board since its 1993 IPO, will remain as a director. The Vice Chairman position will remain vacant for now. BBSI, a leading business management solutions provider and one of the largest professional employer organizations in the U.S., is making this leadership transition to build upon its existing foundation and momentum.

BBSI (NASDAQ: BBSI) reported strong Q1 2025 financial results with revenues up 10% to $292.6 million and gross billings increasing 9% to $2.09 billion compared to Q1 2024. The company achieved record worksite employee (WSE) additions, with average WSEs up 8% to 132,459. Despite overall growth, BBSI recorded a net loss of $1.0 million ($(0.04) per share), compared to a loss of $0.1 million in Q1 2024. Workers' compensation expense improved to 2.4% of gross billings, down from 2.6%. The company maintained a strong financial position with $99.1 million in unrestricted cash and remained debt-free. BBSI returned over $11 million to shareholders through $9.1 million in stock repurchases and $2.1 million in dividends. For 2025, BBSI expects 7-9% gross billings growth and 4-6% WSE growth.

Barrett Business Services (BBSI), a leading PEO and business management solutions provider, has scheduled its first quarter 2025 earnings conference call for Wednesday, May 7, 2025, at 5:00 p.m. ET. The company will release its financial results for Q1 2025 (ended March 31) prior to the call.

CEO Gary Kramer and CFO Anthony Harris will host the conference call, which will include a Q&A session. The call will be accessible via toll-free (1-800-717-1738) and international (1-646-307-1865) dial-in numbers. A live broadcast and replay will be available through the company's website and dedicated replay numbers until June 7, 2025.

Barrett Business Services (BBSI) has appointed Mark S. Finn to its board of directors, effective April 7, 2025. Finn brings over 30 years of experience from T. Rowe Price Group, where he managed the $35 billion US Value Equity Strategy Fund and co-managed the $3.5 billion US Large-Cap Value Equity Strategy Fund.

Prior to T. Rowe Price, Finn worked in assurance services at Price Waterhouse & Co. (now PricewaterhouseCoopers). He holds a Bachelor of Science in Accounting from the University of Delaware and maintained CPA and CFA certifications until his retirement from T. Rowe Price in 2023.

Barrett Business Services (BBSI) has appointed Thomas McGinn as Senior Vice President of Insurance, reporting to CEO Gary Kramer. In his new role, McGinn will oversee BBSI's insurance operations, including underwriting strategy, risk management, and pricing.

McGinn brings 30 years of experience in the insurance industry, having held senior leadership positions at prominent companies including Chubb, ACE, and CIGNA Property & Casualty. His most recent position was Senior Vice President at Chubb Global Casualty and New York Branch Manager, where he led underwriting operations and client services.

Barrett Business Services (BBSI) reported strong financial results for Q4 and full year 2024. Fourth quarter highlights include:

• Revenue up 10% to $304.8M
• Net income increased 15% to $16.8M ($0.63 per diluted share)
• Gross billings up 10% to $2.25B
• Average worksite employees (WSEs) up 5%

Full year 2024 performance showed:

• Revenue growth of 7% to $1.14B
• Net income up 5% to $53.0M ($1.98 per diluted share)
• Gross billings increased 8% to $8.33B
• Average WSEs up 4%

The company maintains a strong financial position with $121.9M in unrestricted cash and investments, remaining debt-free. BBSI's 2025 outlook projects gross billings growth of 7-9% and WSE growth of 4-6%.

Barrett Business Services (NASDAQ: BBSI) has launched its new BBSI Applicant Tracking System (ATS), a comprehensive hiring solution designed to streamline recruitment processes for businesses. The system offers three key functionalities: easy job posting creation and distribution across popular job boards, centralized candidate tracking through an intuitive dashboard, and electronic onboarding integration.

A distinctive feature of BBSI's ATS is its complete integration with BBSI's existing product suite, particularly its payroll system, which eliminates manual data entry and reduces errors in the hiring process. The solution aims to help businesses remain competitive in talent acquisition while simplifying the transition from candidate to employee.