Welcome to our dedicated page for Barrett Business Svcs news (Ticker: BBSI), a resource for investors and traders seeking the latest updates and insights on Barrett Business Svcs stock.
Barrett Business Services Inc (BBSI) provides essential business management solutions through integrated HR outsourcing and professional employer services. This news hub offers investors and stakeholders centralized access to official corporate communications and market developments.
Track key business initiatives through earnings announcements, leadership updates, and strategic partnership disclosures. Our curated collection features regulatory filings, service innovations, and operational milestones that demonstrate BBSI's commitment to payroll administration excellence and workforce management solutions.
Discover timely updates across critical categories including financial performance reports, compliance developments, and service expansion announcements. The repository maintains complete records of SEC filings, press releases, and industry analyses relevant to BBSI's HR consulting expertise and staffing solutions.
For ongoing monitoring of BBSI's market position in business process optimization, bookmark this page and check regularly for updates. Access historical documents and real-time notifications through Stock Titan's financial news tracking system.
Barrett Business Services, Inc. (NASDAQ: BBSI) reported strong Q2 2024 financial results, with revenues up 6% to $279.7 million and gross billings up 6% to $2.03 billion. Net income was $16.7 million, or $0.62 per diluted share. The company's performance was driven by increased worksite employees (WSEs) from new clients and higher average billings per WSE. BBSI raised its quarterly dividend by 7% to $0.08 per share and repurchased 222,780 shares. The company expects 6-8% gross billings growth and 4-5% WSE growth for 2024. BBSI remains debt-free with $110.4 million in unrestricted cash and investments as of June 30, 2024.
Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for Wednesday, July 31, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). BBSI's CEO Gary Kramer and CFO Anthony Harris will host the call, which will include a discussion of the company's financial results for the quarter ended June 30, 2024, followed by a Q&A session.
The company will release its financial results in a press release prior to the call. Investors can access the call via toll-free or international dial-in numbers, and a live broadcast will be available on the company's website. A replay of the call will be accessible until August 31, 2024.
Barrett Business Services (BBSI) has announced a four-for-one stock split. Shareholders will receive three additional shares for each share they hold as of June 14, 2024. The new shares will be distributed on June 21, 2024, and trading will resume on a split-adjusted basis on June 24, 2024. This move is intended to improve trading efficiency and broaden investor accessibility. Post-split, BBSI will have approximately 26 million shares outstanding, up from 6,507,409 shares as of May 31, 2024. Second-quarter 2024 earnings per share will be reported on a split-adjusted basis.
Barrett Business Services (BBSI) will present at William Blair’s 44th Annual Growth Stock Conference from June 4-6, 2024, at the Loews Chicago Downtown Hotel. BBSI CEO Gary Kramer and CFO Anthony Harris will present at 10:00 a.m. CT on June 4. The conference includes one-on-one and small group meetings with BBSI's management team. Contact Gateway Group or your William Blair representative for more information or to schedule a meeting.
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%.
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