Barrett Business Services, Inc. (NASDAQ:BBSI) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Gary Kramer - President and Chief Executive Officer Anthony Harris - Chief Financial Officer Conference Call Participants Jeff Martin - Roth Capital Partners Chris Moore - CJS Securities Vincent Colicchio - Barrington Research Marc Riddick - Sidoti & Company Operator Good afternoon, everyone, and thank you for participating today's conference call to discuss BBSI's Financial Result ...

For the quarter ended September 2024, Barrett Business Services (BBSI) reported revenue of $2.14 billion, up 8.9% over the same period last year. EPS came in at $0.74, compared to $0.67 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.11 billion, representing a surprise of +1.58%. The company delivered an EPS surprise of +7.25%, with the consensus EPS estimate being $0.69.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Company Performance - Barrett Business Services (BBSI) reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and up from $0.67 per share a year ago, representing an earnings surprise of 7.25% [1] - The company posted revenues of $2.14 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.58%, and an increase from $1.96 billion year-over-year [2] - Over the last four quarters, Barrett has consistently surpassed consensus EPS and revenue estimates [2] Stock Performance - Barrett shares have increased approximately 29.3% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $2.22 billion, and for the current fiscal year, it is $1.99 on revenues of $8.26 billion [7] Industry Outlook - The Outsourcing industry, to which Barrett belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Barrett's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 0-21886 BARRETT BUSINESS SERVICES, INC. (Exact name of registrant as specified in its charter) Maryland 52-0812977 (State or other jurisdictio ...

EXHIBIT 99.1 BBSI Reports Strong Third Quarter 2024 Financial Results - Q3 2024 Net income of $19.6 Million, or $0.74 per Diluted Share - VANCOUVER, Washington, November 6, 2024 – Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September 30, 2024. All share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the four-for-one stock ...

Core Viewpoint - Barrett Business Services, Inc. (BBSI) will hold a conference call on November 6, 2024, to discuss its financial results for Q3 2024, which ended on September 30, 2024 [1]. Group 1: Conference Call Details - The conference call is scheduled for 5:00 p.m. Eastern time (2:00 p.m. Pacific time) [1]. - CEO Gary Kramer and CFO Anthony Harris will host the call, followed by a Q&A session [1]. - Participants are encouraged to call 5-10 minutes prior to the start time for registration [1]. Group 2: Replay Information - The conference call will be broadcast live and available for replay on the BBSI website [2]. - A replay will be accessible after 8:00 p.m. Eastern time on the same day through December 6, 2024 [2]. - Toll-free and international replay numbers are provided for convenience [2]. Group 3: Company Overview - BBSI is a leading provider of business management solutions, specializing in human resource outsourcing and professional management consulting [2]. - The company operates an integrated platform that includes payroll processing, employee benefits, workers' compensation, risk management, and workplace safety programs [2]. - BBSI serves over 8,000 clients across various industries and is licensed to operate in all 50 states [2].

Core Insights - The price-to-sales (P/S) ratio is highlighted as a valuable metric for evaluating companies, especially those with negative earnings or in early development stages, as it reflects how much investors pay for each dollar of revenue generated [2][3] - A P/S ratio below 1 indicates a potentially undervalued stock, making it a more attractive investment compared to those with higher ratios [2] - The P/S ratio is considered more reliable than the price-to-earnings (P/E) ratio, as sales figures are less susceptible to manipulation [3] Company Analysis - GIII Apparel Group (GIII) is focused on digital growth and omnichannel strategies, enhancing its e-commerce platforms and partnerships, which positions it for continued growth and profitability [5][6] - Peabody Energy (BTU) operates in the coal mining sector across multiple countries and segments, with a strong focus on supplying coal to electricity generators and industrial facilities [6][7] - Hamilton Insurance Group (HG) specializes in underwriting insurance and reinsurance risks, leveraging data and technology to enhance shareholder value [7] - Barrett Business Services (BBSI) provides management solutions for small and mid-sized companies, benefiting from an expanding client base and effective cost-management strategies [8] - Pfizer (PFE) anticipates growth in non-COVID operational revenue driven by new product launches and acquisitions, supported by strong cash flow from its COVID-19 products [9] Screening Parameters - Companies with a P/S ratio less than the median for their industry, a P/E ratio below the industry median, and a debt-to-equity ratio lower than the industry median are considered favorable for investment [4] - Stocks must be trading at a minimum price of $5 and have a Zacks Rank of 1 (Strong Buy) or 2 (Buy) to qualify for investment consideration [4] Value Scores - Stocks with a Value Score of A or B, combined with a Zacks Rank of 1 or 2, are identified as offering the best opportunities in value investing [5]

Company Overview - Barrett Business Services, Inc. (BBSI) is a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S. [4] - BBSI combines human resource outsourcing and professional management consulting to create a unique operational platform [4] - The company is licensed to operate in all 50 states and works with more than 8,000 clients across various industries [4] Conference Participation - BBSI is confirmed to attend the 2024 Annual Gateway Conference on September 4th and 5th at the Four Seasons Hotel in San Francisco, CA [1] - Executives from BBSI will be available for one-on-one meetings throughout the conference [1] Gateway Conference Insights - The Gateway Conference celebrates 25 years of fostering impactful industry connections, connecting growth-stage companies with prospective investors, analysts, and partners [2] - The event will feature presentations and one-on-one meetings with senior executives from over 100 private and public companies across various sectors [2]

Investing in stocks, after analyzing the valuation metrics, is considered one of the best practices. The price-to-earnings ratio has always been the obvious choice when considering the valuation metrics. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks incurring losses or in an early development cycle, generating meager or no profit.What’s the Price-to-Sales Ratio?While a loss-making company with a ...

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, utilizing fundamental analysis and traditional valuation metrics to identify undervalued stocks [1] Company Analysis - Barrett Business Services (BBSI) is currently rated with a Zacks Rank of 2 (Buy) and holds an A grade for Value, indicating strong potential for value investors [2] - BBSI has a Price-to-Book (P/B) ratio of 4.61, which is significantly lower than the industry average of 12.57, suggesting that the stock may be undervalued [2] - Over the past year, BBSI's P/B ratio has fluctuated between a high of 4.82 and a low of 3.20, with a median of 4.01, indicating relative stability in its valuation metrics [2] - The Price-to-Sales (P/S) ratio for BBSI is 0.83, which is also lower than the industry average of 0.9, further supporting the notion that BBSI is undervalued [2] - The combination of these metrics, along with a strong earnings outlook, positions BBSI as an attractive value stock at this time [3]