Barrett Business Svcs Inc Stock Price, News & Analysis

Barrett Business Services (BBSI) reported strong Q1 2022 results, with net revenues increasing by 13% to $246.4 million and gross billings rising 16% to $1.71 billion. The company achieved a net income of $0.3 million or $0.04 per diluted share, a notable turnaround from a net loss of $4.6 million in Q1 2021. Average worksite employees rose by 9%. BBSI also raised its full-year outlook, expecting 10%-12% growth in gross billings and a 4%-6% increase in average WSEs.

Barrett Business Services, Inc. (BBSI) will host a conference call on May 4, 2022, at 5:00 p.m. Eastern to discuss its Q1 2022 financial results. CEO Gary Kramer and CFO Anthony Harris will lead the session, followed by a Q&A period. Interested parties can join the call using toll-free and international numbers provided in the release. The call will be available for replay through June 4, 2022. BBSI is a prominent provider of business management solutions, serving over 7,600 clients in 47 states.

Barrett Business Services (BBSI) reported strong financial results for Q4 and full-year 2021. Net income for Q4 reached $10.6 million, or $1.40 per diluted share, up from $7.2 million, or $0.93 per diluted share, a year earlier. Full-year net income was $38.1 million, or $5.00 per diluted share, compared to $33.8 million in 2020. Total net revenues rose 10% to $256.6 million in Q4 and 8% to $955.2 million for 2021. BBSI's board has authorized a new $75 million share repurchase program and confirmed a quarterly cash dividend of $0.30 per share, underscoring its financial strength and commitment to shareholder returns.

Barrett Business Services, Inc. (BBSI) will hold a conference call on March 2, 2022, at 5:00 p.m. Eastern time to discuss its fourth quarter and full year financial results for 2021. The call will be hosted by CEO Gary Kramer and CFO Anthony Harris, followed by a Q&A session. Interested participants are encouraged to dial in 5-10 minutes early. A replay will be available from 8:00 p.m. Eastern time on the same day through April 2, 2022. BBSI provides integrated business management solutions, serving over 7,500 clients across 43 states.

Barrett Business Services, Inc. (BBSI) proudly announces its first-time certification as a Great Place to Work®. This recognition is based on employee feedback regarding workplace culture and experience. According to Great Place to Work®, job seekers are significantly more likely to find positive management at certified workplaces. BBSI’s President and CEO, Gary Kramer, emphasized that this certification showcases the company’s commitment to its employees. BBSI operates as a leading business management solutions provider, serving over 7,500 clients in the U.S.

Barrett Business Services, Inc. (BBSI) reported a 9% increase in net revenues for Q3 2021, totaling $247 million, with gross billings rising 12% to $1.69 billion. The average worksite employees (WSEs) grew by 8%. Despite these gains, net income dropped to $14.9 million or $1.96 per diluted share, from $18.5 million in Q3 2020, due to higher employee-related expenses. BBSI has raised its outlook for gross billing growth to 9%-10% and WSE growth to 3%-5%. The company remains debt-free, with $115.6 million in cash and investments.

Barrett Business Services (BBSI) will host a conference call on November 3, 2021, at 5:00 p.m. Eastern time to discuss its financial results for Q3 2021, ending September 30. The call will include CEO Gary Kramer and CFO Anthony Harris, followed by a Q&A session. Investors can join the call using the toll-free number 1-877-407-4018. The call will be broadcast live, with a replay available until December 3, 2021. BBSI offers business management solutions, servicing over 7,500 clients in 43 states.

Barrett Business Services, Inc. (BBSI) is expanding its presence in the U.S. with a new branch office in Nashville, TN. The company has appointed Dion Matos as Area Manager, who brings over 20 years of strategic consulting experience. This move aims to support local business growth by offering specialized business management solutions, including payroll services and risk management. COO Gerald Blotz emphasized the potential of Nashville, noting their unique support system for business owners. The Nashville branch is located at 231 Public Square, Ste. 300, Franklin, TN.

Barrett Business Services, Inc. (BBSI) has expanded its national presence by opening a new branch in Pittsburgh, PA, led by Area Manager Autumn Powell. This strategic move is aimed at enhancing support for local businesses through BBSI’s comprehensive management solutions, including payroll services and workers' compensation insurance. COO Gerald Blotz highlighted the opportunity for growth in the Pittsburgh market, emphasizing the company's commitment to aiding local business prosperity. BBSI serves over 7,500 clients in 43 states, offering unique operational support through its integrated platform.