Barrett Business Services reports developments in its professional employer organization and staffing businesses, which combine human resource outsourcing with management consulting for small and mid-sized companies. Recurring updates cover PEO gross billings, worksite employee trends, revenue performance, workers’ compensation expense, client additions, benefits retention, quarterly dividends and share repurchase activity.
The company also announces product and operating initiatives tied to its technology platform, including HRIS modules within the myBBSI Client Portal for employee document management and performance management. Other recurring news themes include branch expansion, regional leadership, payroll administration, employee benefits, risk management, workplace safety programs and local market development.
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Barrett Business Services, Inc. (BBSI) will host a conference call on May 3, 2023, at 5:00 p.m. Eastern time to discuss its first-quarter financial results for the period ending March 31, 2023. A press release detailing these results will be issued prior to the call. CEO Gary Kramer and CFO Anthony Harris will lead the discussion, followed by a Q&A session. Interested parties can join by calling 1-877-407-4018 for toll-free access or 1-201-689-8471 for international calls, using Conference ID: 13737460. The call will also be available for replay post-event until June 3, 2023. More information is accessible on BBSI's investor relations website.
Barrett Business Services (BBSI) reported strong financial results for Q4 2022 and the full year, highlighting a net income of $11.5 million in Q4, or $1.64 per diluted share, up from $10.6 million in Q4 2021. Full Year 2022 net income reached $47.3 million, equating to $6.54 per diluted share, a growth from $38.1 million in 2021. Revenue increased by 10% to $1.05 billion, with gross billings up 13% to $7.39 billion. BBSI also announced a quarterly dividend of $0.30 per share and plans growth through a nationwide health benefits rollout in 2023.