Barrett Business Services

Barrett Business Services, Inc. engages in the provision of business management solutions for small and mid-sized companies. It develops management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It focuses on professional employer, and staffing and recruiting services. The company was founded in 1951 and is headquartered in Vancouver, WA.

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Barrett Business Services exceeds expectations in Q4 2022 earnings

BBSI had a successful Q4 and full year 2022, with strong financial results and strategic accomplishments. The company is optimistic about 2023, aiming for continued growth and improved performance. Investments in new offerings and cost management will be key focus areas.

Barrett Business Services (BBSI) reports record Q1 profitability and strategic adaptations

BBSI's Q1 performance reflects a mix of successes and challenges, with a focus on strategic adaptations and client value. The company's outlook for 2023 remains positive despite ongoing staffing difficulties.

Barrett Business Services (BBSI) exceeds Q2 expectations despite staffing challenges

Barrett Business Services (BBSI) navigated challenges in staffing business decline by focusing on PEO segment growth and client retention. The company's strong performance in health insurance offerings and workers' compensation program positions it well for future growth and profitability.

Barrett Business Services (BBSI) exceeds targets, poised for growth

Barrett Business Services (BBSI) demonstrated resilience and growth potential in Q3 2023, leveraging operational strengths and strategic initiatives.
While facing challenges in staffing revenues, the company's financial stability, successful program rollouts, and positive outlook position it for future success.
By focusing on core differentiation, seizing growth opportunities, and addressing challenges proactively, BBSI aims to drive continued performance and value creation.

BBSI reports strong Q4 earnings, eyes growth in 2024

BBSI delivered strong financial results with growth in key metrics.
Client retention, tech investments, and geographic expansion are key strengths.
Challenges include declines in staffing business and increased SG&A expenses.
Opportunities lie in expected growth in gross billings and WSEs for 2024.

BBSI posts Q1 growth, unveils health insurance partnership with Kaiser

BBSI reported solid operational performance with growth in gross billings and client retention, despite a net loss in Q1 '24.
The company's strategic initiatives, like the Kaiser Permanente partnership and new health insurance offerings, aim to drive future growth.
While facing challenges like staffing revenue decline, BBSI's strong balance sheet and focus on controllable growth present opportunities for long-term success.
Investors should monitor BBSI's execution of growth strategies and cost management efforts to assess its resilience and profitability in the evolving market.

Barrett Business Services (BBSI) reports strong Q2 performance and growth opportunities

Barrett Business Services (BBSI) delivered a strong performance in Q2 '24, with growth in gross billings, worksite employees, and positive hiring trends across industries. The company's strategic partnerships and focus on market expansion present opportunities for future growth.
While facing challenges in certain business segments and cost management, Barrett Business Services remains well-positioned with a strong balance sheet, no debt, and a proactive approach to addressing market fluctuations. The approved dividend increase reflects confidence in the company's financial health and performance.
To maintain momentum, Barrett Business Services should address challenges in staffing business decline, regional performance variations, and managing expenses efficiently. Leveraging opportunities in healthcare partnerships, market expansion, and client acquisitions can drive sustained growth and market leadership.

Barrett Business Services (BBSI) reports strong Q3 performance and outlook

BBSI's Q3 performance exceeded expectations with strong financial results and positive growth indicators.
While facing challenges in the staffing business, the company is stabilizing and focusing on strategic shifts.
Opportunities lie in leveraging scale, expanding product offerings, and maintaining financial stability for future growth.

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Barrett Business Services, Inc. engages in the provision of business management solutions for small and mid-sized companies. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It focuses on professional employers, and staffing and recruiting services. The company was founded in 1951 and is headquartered in Vancouver, WA.

VANCOUVER, Wash., April 21, 2021 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, will conduct a conference call on Wednesday, May 5, 2021, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2021. The company will report its financial results in a press release prior to the conference call.

BBSI Sets First Quarter 2021 Conference Call for Wednesday, May 5, 2021, at 5:00 p.m. ET

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VANCOUVER, Wash., April 09, 2021 (GLOBE NEWSWIRE) -- The board of directors of Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, has appointed technology and operations executive Carla A. Moradi as an independent director effective April 7th. Her appointment expands the board to nine members.

BBSI Appoints Carla A. Moradi to its Board of Directors

Barrett Business Services, Inc. (BBSI) CEO Gary Kramer on Q4 2020 Results - Earnings Call Transcript

Barrett (BBSI) delivered earnings and revenue surprises of 36.76% and 4.69%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Barrett Business Services (BBSI) Q4 Earnings and Revenues Top Estimates

Shares of Barrett Business Services (NASDAQ:BBSI) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 38.41% over the past year to $0.93, which beat the estimate of $0.64.

Recap: Barrett Business Services Q4 Earnings

- Q4 2020 Net Income of $7.2 Million, or $0.93 per Diluted Share -

BBSI Reports Fourth Quarter and Full Year 2020 Financial Results

VANCOUVER, Wash., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, will conduct a conference call on Wednesday, March 3, 2021, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2020. The company will report its financial results in a press release prior to the conference call.

BBSI Sets Fourth Quarter and Full Year 2020 Conference Call for Wednesday, March 3, 2021, at 5:00 p.m. ET

Barrett Business Services, Inc. (BBSI) CEO Gary Kramer on Q3 2020 Results - Earnings Call Transcript

Shares of Barrett Business Services (NASDAQ:BBSI) remained unaffected after the company reported Q3 results. Quarterly Results Earnings per share were down 25.93% year over year to $2.40, which beat the estimate of $1.47.

Barrett Business Services: Q3 Earnings Insights

- Third Quarter Results Exceed Management Expectations, Diluted EPS for 2020 Now Expected to be $4.10 -

BBSI Reports Third Quarter 2020 Financial Results and Raises Full-Year Outlook

VANCOUVER, Wash., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, will conduct a conference call on Wednesday, November 4, 2020, at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2020. The company will report its financial results in a press release prior to the conference call.

BBSI Sets Third Quarter 2020 Conference Call for Wednesday, November 4, 2020, at 12:00 p.m. ET

VANCOUVER, Wash., Sept.  16, 2020  (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:  BBSI), a leading provider of business management solutions, has appointed James R. Potts as Executive Vice President and General Counsel, a newly created position. He will be reporting to BBSI's Chief Executive Officer, Gary Kramer. 

BBSI Appoints James R. Potts as Executive Vice President and General Counsel

Let's see if Barrett Business Services (BBSI) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Barrett Business Services (BBSI)?

As of late, it has definitely been a great time to be an investor in Barrett Business Services.

Barrett Business Services' Shares March Higher, Can It Continue?

Barrett Business Services (BBSI) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Why Barrett Business Services (BBSI) Could Be a Top Value Stock Pick

As of late, it has definitely been a great time to be an investor of Barrett Business Services

Will Barrett Business Services Continue to Surge Higher?

Barrett (BBSI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Barrett (BBSI) Moves to Buy: Rationale Behind the Upgrade

Barrett Business Services' (BBSI) CEO Gary Kramer on Q2 2019 Results - Earnings all Transcript

Barrett (BBSI) delivered earnings and revenue surprises of 62.37% and 10.36%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Barrett Business Services (BBSI) Q2 Earnings and Revenues Surpass Estimates

- Continues to Navigate COVID-19 From a Position of Strength, Reporting a 38% Sequential Quarter Increase in Unrestricted Cash and Investments to $129.7 Million and $11.5 Million in Net Income -

BBSI Reports Second Quarter 2020 Financial Results

VANCOUVER, Wash., July  22, 2020  (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, will conduct a conference call on Wednesday, August 5, 2020, at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2020. The company will report its financial results in a press release prior to the conference call.

BBSI Sets Second Quarter 2020 Conference Call for Wednesday, August 5, 2020, at 12:00 p.m. ET

VANCOUVER, Wash., July  06, 2020  (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., announced today that it has entered into a loss portfolio transfer (LPT) agreement to effectively remove all outstanding workers’ compensation claims obligations for claims incurred on its fronted insurance program between February 1, 2014 and December 31, 2017. This transaction reduces BBSI’s outstanding workers’ compensation liabilities by approximately 27%.

BBSI Announces Transfer of $116 Million of Claims Liabilities and Renewal of Fronted Workers’ Compensation Program with Lower Retention Levels

The truth is that BBSI is trading at exceptionally attractive levels, even if the business struggles in the next five years.

I Am On The Fence With Barrett Business Services, But Valuation Is Tipping Me Bullish

VANCOUVER, Wash., June  03, 2020  (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, and one of the largest professional employer organizations (PEO) in the U.S., today announced the launch of myBBSI™, its proprietary HR and payroll processing system. The new platform provides clients improved accessibility and complete control over their HR and payroll processing systems.

News for Barrett Business Services Stock (BBSI)