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]

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Barrett Business Services (BBSI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Barrett Business Services is a member of our Business Services group, which includes 316 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 indi ...

Core Viewpoint - Investors are seeking growth stocks that demonstrate above-average growth potential, with Barrett Business Services (BBSI) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [1][6]. Earnings Growth - Barrett's historical EPS growth rate is 4.8%, but projected EPS growth for this year is 7.7%, significantly outperforming the industry average of 2.4% [3]. Asset Utilization Ratio - Barrett has an asset utilization ratio (sales-to-total-assets) of 1.52, indicating that the company generates $1.52 in sales for every dollar in assets, compared to the industry average of 1.17. Additionally, Barrett's sales are expected to grow by 7.1% this year, while the industry average is only 2.9% [4]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Barrett, with the Zacks Consensus Estimate for the current year increasing by 0.1% over the past month, which is correlated with potential near-term stock price movements [5]. Overall Positioning - Barrett has achieved a Growth Score of B and holds a Zacks Rank of 2 (Buy), positioning the company well for potential outperformance in the growth stock category [6][7].

Have you been paying attention to shares of Barrett Business Services (BBSI) ? Shares have been on the move with the stock up 11.9% over the past month. The stock hit a new 52-week high of $37 in the previous session. Barrett Business Services has gained 26.6% since the start of the year compared to the 7.8% move for the Zacks Business Services sector and the 9.2% return for the Zacks Outsourcing industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it ha ...