Barrett Business Services - BBSI STOCK NEWS

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.

Barrett Business Services, Inc. (BBSI) has launched BBSI U, an innovative online learning management system aimed at enhancing client and employee training. This platform expands BBSI’s services, providing curated training focused on compliance, payroll, risk management, and HR functions. Developed in response to client feedback, BBSI U features interactive courses in both English and Spanish, and integrates with BBSI’s payroll platform, myBBSI, ensuring seamless access for users. The initiative aims to support business growth and compliance while fostering employee skill development.

Barrett Business Services (BBSI) reported Q3 2022 net income of $17.4 million or $2.45 per diluted share, a rise from $14.9 million or $1.96 per share year-over-year. Revenues surged 11% to $273.8 million and gross billings increased 13% to $1.91 billion. The growth was bolstered by an 8% rise in average worksite employees. BBSI raised its full-year outlook, with gross billings growth now forecasted at 12% to 13% and WSE growth anticipated at 8% to 9%.

Barrett Business Services (BBSI) will host a conference call on November 2, 2022, at 5:00 p.m. ET to discuss its Q3 financial results for the period ending September 30, 2022. CEO Gary Kramer and CFO Anthony Harris will lead the call, which will include a Q&A session. Participants can join the call using the provided toll-free number or by accessing the live broadcast via the BBSI website. A replay will be available post-call until December 2, 2022. BBSI specializes in business management solutions focusing on HR outsourcing and operational efficiency.

The board of Barrett Business Services, Inc. (BBSI) has appointed Joseph S. Clabby as a director, effective September 16, expanding the board to nine members. Clabby, who recently retired from Chubb Limited, brings over 20 years of senior executive experience in the insurance industry, including board roles. His expertise in insurance and PEOs is expected to enhance BBSI's strategic growth and shareholder value. Clabby expressed enthusiasm about joining the growing organization, which aims to support small and medium-sized businesses.

Barrett Business Services, Inc. (BBSI) reported a strong Q2 2022 with net income of $18.0 million ($2.48 per diluted share), up from $17.1 million ($2.24 per diluted share) the previous year. Net revenues rose 12% to $262.2 million, and gross billings increased 14% to $1.83 billion, driven by a 9% rise in average worksite employees (WSEs). The company raised its full-year outlook, projecting gross billings growth of 11% to 13%. The board confirmed a quarterly cash dividend of $0.30 per share and authorized a new stock repurchase program for $75 million.