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) (NASDAQ: BBSI) is a human resources consulting and business services company that operates as one of the largest professional employer organizations (PEOs) in the United States. News about BBSI often centers on its business management solutions, which combine human resource outsourcing, payroll processing, employee benefits, workers’ compensation coverage, risk management, workplace safety programs, and staffing services for clients across all 50 states.
Investors and business owners following BBSI news can expect regular updates on financial performance, including quarterly earnings releases that discuss revenues, gross billings, worksite employee metrics, workers’ compensation expense, and capital allocation decisions such as dividends and stock repurchase programs. The company frequently announces conference calls to review its results and provide management commentary on key performance metrics.
BBSI also issues news related to branch expansion and market development. Recent announcements have highlighted the opening of physical branch locations in markets such as Dallas, Chicago, and Nashville, as well as leadership appointments like a regional vice president for Northern California. These stories emphasize the company’s strategy of combining a national network with locally supported solutions delivered by on-the-ground teams.
Another recurring theme in BBSI’s news flow is technology and HRIS innovation. The launch of the Employee File Cabinet HRIS module within the BBSI Client Portal, developed in collaboration with Box, showcases the company’s efforts to centralize and secure employee document management and to unify HR-related information across systems.
Culture and recognition also appear in BBSI’s news, including its repeated Great Place To Work® Certification based on employee feedback. For investors, clients, and prospective partners, the BBSI news feed provides insight into financial trends, geographic expansion, technology initiatives, and the company’s people-focused culture.
Barrett Business Services (BBSI) reported strong Q3 2024 financial results with revenues up 8% to $294.3 million and gross billings up 9% to $2.14 billion. Net income reached $19.6 million, or $0.74 per diluted share, compared to $18.2 million ($0.67 per share) in Q3 2023. The company saw a 5% increase in average worksite employees (WSEs) and maintained strong client retention. Workers' compensation expense decreased to 2.3% of gross billings. BBSI remains debt-free with $94.4 million in unrestricted cash and investments, while returning $28 million to shareholders through dividends and share repurchases year-to-date.
Barrett Business Services (BBSI) has scheduled its third quarter 2024 financial results conference call for Wednesday, November 6, 2024, at 5:00 p.m. ET. CEO Gary Kramer and CFO Anthony Harris will host the call, which will follow the release of the company's Q3 2024 financial results. The conference call will include a Q&A session and will be available for replay until December 6, 2024. Participants can join via toll-free or international dial-in numbers, and the call will be broadcast live through the company's website.
Barrett Business Services (BBSI), a leading provider of business management solutions and major PEO in the U.S., has confirmed its attendance at the 2024 Annual Gateway Conference. The event is scheduled for September 4th and 5th at the Four Seasons Hotel in San Francisco, CA.
BBSI executives will be available for one-on-one meetings throughout the conference. This presents an opportunity for investors and analysts to engage directly with the company's leadership. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.
As a NASDAQ-listed company (NASDAQ: BBSI), BBSI's participation in this conference highlights its commitment to investor relations and market visibility.
Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., has expanded its operations to Pocatello, Idaho. The new branch, located at 1832 Wayfarer Street, Suite B, Pocatello, Idaho 83202, will be overseen by Jeremy Hix, BBSI Area Manager.
This expansion brings BBSI's total number of physical branches to 70 across the United States, strengthening its ability to deliver personalized, locally supported solutions nationwide. The Pocatello branch will offer services in staffing, recruiting, HR, payroll, and safety, catering to the small business community in the area.
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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