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 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.
Barrett Business Services, Inc. (BBSI) will hold a conference call on March 1, 2023, at 5:00 p.m. Eastern time to discuss its financial results for Q4 and the full year ended December 31, 2022. CEO Gary Kramer and CFO Anthony Harris will lead the call, followed by a Q&A session. Interested parties can join via a toll-free number or listen live online with a replay available until April 1, 2023. BBSI specializes in business management solutions, integrating HR outsourcing and management consulting to enhance operational efficiency. Further information can be found on their website.
Barrett Business Services, Inc. (BBSI) has been Certified™ by Great Place to Work®, reflecting high employee satisfaction. This recognition is based on employee feedback about workplace culture and experiences. According to Great Place to Work® research, job seekers at certified workplaces are 4.5 times more likely to find a good boss, and employees are significantly more likely to look forward to work and feel fairly compensated. BBSI, a leader in business management solutions, serves over 7,500 clients across 43 states, emphasizing its commitment to employee experience and business efficiency.