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.
BBSI (NASDAQ: BBSI), a prominent provider of business management solutions, will hold a conference call on May 5, 2021, at 5:00 p.m. Eastern time, to discuss its financial results for Q1 2021. CEO Gary Kramer and CFO Anthony Harris will lead the call, which will include a Q&A session. Interested parties can dial in or access the live broadcast on the company's website. A replay of the call will be available through June 5, 2021. BBSI serves over 7,500 clients across the U.S., offering a unique operational platform that enhances business efficiency.
The board of Barrett Business Services (BBSI) appointed Carla A. Moradi as an independent director, effective April 7, 2021, expanding the board to nine members. Moradi, Senior VP at Anaplan, has prior experience as EVP of Operations and Technology at HUB International and CIO at Walgreens Boots Alliance. Chairman Anthony Meeker highlighted her expertise in technology and business expansion as valuable for BBSI’s strategic initiatives. Moradi expressed enthusiasm for partnering with the company to achieve client success.
Barrett Business Services, Inc. (BBSI) reported Q4 2020 net income of $7.2 million ($0.93/share), down from $11.7 million ($1.51/share) a year ago. Full Year 2020 results showed net income of $33.8 million ($4.39/share), a decline from $48.3 million ($6.27/share) in 2019. Net revenues decreased 5% in Q4 to $233.2 million and 7% for the year to $880.8 million, largely due to the COVID-19 pandemic. However, unrestricted cash and investments rose 34% to $169.9 million. BBSI expects 2021 gross billings growth of 2%-5% and an increase in average worksite employees of 1%-3%.
BBSI (NASDAQ: BBSI) will hold a conference call on March 3, 2021, at 5:00 p.m. ET to review its Q4 and full-year financial results for 2020. Prior to the call, BBSI will release its financial results. The call will feature CEO Gary Kramer and CFO Anthony Harris, followed by a Q&A session. Interested parties can access the live broadcast or replay via the BBSI website. For those wishing to participate, dial-in numbers and a Conference ID are provided. A replay of the call will be available until April 3, 2021.
Barrett Business Services (BBSI) reported third-quarter 2020 results, with revenues down 8% to $227.5 million and net income at $18.5 million, or $2.40 per diluted share, compared to $25.0 million, or $3.24 per diluted share a year ago. Despite the decline in gross billings, the company witnessed an 8% increase in unrestricted cash and investments, totaling $147.9 million. BBSI announced a raised EPS guidance for 2020 to $4.10 from $3.70 and reaffirmed its quarterly dividend of $0.30. The results reflect resilience amidst ongoing economic challenges due to COVID-19.
Barrett Business Services, Inc. (BBSI) will host a conference call on November 4, 2020, at 12:00 p.m. Eastern time to discuss its Q3 2020 financial results. The call will be led by CEO Gary Kramer and CFO Anthony Harris, followed by a Q&A session. Participants can access the call via a toll-free number or through the BBSI website. A replay will be available later the same day until December 4, 2020. BBSI specializes in integrating business management solutions, including HR outsourcing and consulting, for over 7,200 clients across 31 states.
Barrett Business Services, Inc. (BBSI) has expanded its operations to Glendale, AZ, aiming to support local business owners through its business management solutions. With over 70 years of experience, BBSI focuses on providing HR, payroll, and staffing services to help companies realize their potential. Doug Fiscella has been appointed as the Area Manager for the Glendale branch, bringing over 20 years of entrepreneurial experience to the role. This strategic move enhances BBSI's presence in the market, offering tailored support to clients and fostering regional business growth.
Barrett Business Services, Inc. (BBSI) has appointed James R. Potts as Executive Vice President and General Counsel, a newly created role. Potts, who has over 25 years of legal experience, joins from Cozen O’Connor and will oversee BBSI’s legal, governance, and compliance functions while being part of the senior management team. CEO Gary Kramer expressed confidence in Potts’ expertise to enhance the company's strategic and legal framework. BBSI provides comprehensive business management solutions to over 7,200 clients across 31 states.
Barrett Business Services, Inc. (BBSI) is set to participate in two virtual financial conferences in September 2020. The 9th Annual Gateway Conference will take place on September 9 at 8:00 a.m. PT, followed by the Sidoti Fall 2020 Investor Conference on September 23 at 9:15 a.m. PT. BBSI, a provider of business management solutions, serves over 7,200 clients across 31 states, focusing on HR outsourcing, payroll processing, and workplace safety programs. For inquiries, interested parties can contact their investor relations team.
Barrett Business Services, Inc. (BBSI) will host a conference call on August 5, 2020, at 12:00 p.m. Eastern time to discuss its second quarter financial results, which end on June 30, 2020. CEO Gary Kramer and CFO Anthony Harris will lead the call, which will include a Q&A session. Interested parties can connect via toll-free and international dial-in numbers provided. A replay will be available after 3:00 p.m. Eastern time on the same day through September 5, 2020. BBSI offers business management solutions, serving over 7,200 clients across 29 states.