VANCOUVER, Wash., Dec. 16, 2025 (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 promotion of Larry Lewis to Regional Vice President of Northern California. In his expanded role, Lewis will provide strategic leadership and guidance to branch management teams across Northern California, supporting the company’s ongoing growth in these ...

VANCOUVER, Wash., Dec. 09, 2025 (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 it has opened a physical branch location in Nashville, Tennessee. This expansion further strengthens BBSI’s national presence and underscores the company’s commitment to supporting small and mid-sized businesses across the Southeast. “There’s no better place than N ...

Core Insights - Barrett Business Services, Inc. (BBSI) has been recognized as a Great Place To Work for the fifth consecutive year, reflecting its commitment to employee satisfaction and workplace culture [1][2]. Company Overview - BBSI is a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S. [1][5]. - The company combines human resource outsourcing and professional management consulting to create a unique operational platform [5]. - BBSI serves over 8,100 PEO clients across all 50 states [5]. Employee Experience - The Great Place To Work certification is based on employee feedback, indicating a positive work environment [1][2]. - Employees at certified workplaces are 93% more likely to look forward to coming to work and are twice as likely to feel they are paid fairly and have a fair chance at promotion [4]. - Job seekers are 15 times more likely to apply to companies with a workplace certification [4]. Leadership Commitment - BBSI's CEO, Gary Kramer, emphasized the company's dedication to a culture that prioritizes people, which is essential for fostering innovation and exceptional service [2]. - The recognition as a Great Place To Work underscores BBSI's value-driven approach to business [2].

Core Insights - Barrett Business Services, Inc. (BBSI) reported a strong financial performance for Q3 2025, with revenues increasing by 8% to $318.9 million and gross billings rising by 9% to $2.32 billion, driven by new client additions and growth in professional employer services [1][3][4]. Financial Performance - Revenues for Q3 2025 were $318.9 million, up from $294.3 million in Q3 2024, reflecting an 8% year-over-year increase [3]. - Gross billings increased to $2.32 billion in Q3 2025, compared to $2.14 billion in the same quarter of the previous year, marking a 9% growth [4]. - Net income for the quarter rose to $20.6 million, or $0.79 per diluted share, compared to $19.6 million, or $0.74 per diluted share, in Q3 2024 [6][11]. Operational Metrics - The average number of worksite employees (WSEs) increased by 6% year-over-year, reaching 141,492 in Q3 2025 [11][19]. - Workers' compensation expense as a percentage of gross billings was 2.2% in Q3 2025, a slight decrease from 2.3% in Q3 2024, benefiting from lower costs [5][18]. Liquidity and Capital Allocation - As of September 30, 2025, BBSI had unrestricted cash and investments totaling $109.8 million, up from $90.4 million as of June 30, 2025, and remained debt-free [7]. - The company authorized a stock repurchase program of up to $100 million, with $7.5 million of stock repurchased in Q3 2025 [8][9]. - BBSI paid $2.1 million in dividends during the quarter, confirming a quarterly cash dividend of $0.08 per share [10]. Strategic Outlook - BBSI's management emphasized a focus on disciplined execution and investment in technology and service delivery to support long-term growth, despite a cautious economic environment [2].

Core Insights - TriNet Group (TNET) reported $289 million in revenue for Q3 2025, a year-over-year increase of 0.4% and exceeding the Zacks Consensus Estimate of $266.76 million by 8.34% [1] - The company's EPS for the quarter was $1.11, down from $1.17 a year ago, but it surpassed the consensus EPS estimate of $0.72 by 54.17% [1] Revenue Breakdown - Professional service revenues were $169 million, slightly above the estimated $168.02 million, but this reflects an 8.2% decrease compared to the same quarter last year [4] - Interest income reached $17 million, exceeding the average estimate of $13.83 million [4] - Insurance service revenues were reported at $1.05 billion, matching the average estimate, with a year-over-year decline of 0.7% [4] Stock Performance - Over the past month, TriNet's shares have returned -6.2%, contrasting with a +3.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Barrett Business Services, Inc. (BBSI) will hold a conference call on November 5, 2025, to discuss its financial results for Q3 2025, which ended on September 30, 2025 [1][2]. Group 1: Conference Call Details - The conference call will be hosted by CEO Gary Kramer and CFO Anthony Harris, followed by a Q&A session [2]. - The call is scheduled for 5:00 p.m. Eastern time (2:00 p.m. Pacific time) [2]. - Participants can join the call using the toll-free number 1-800-717-1738 or the international number 1-646-307-1865, with a Conference ID of 10829 [2]. Group 2: Replay Information - The conference call will be broadcast live and available for replay on the BBSI website and through a dedicated replay number [3]. - A replay will be accessible after 8:00 p.m. Eastern time on the same day until December 5, 2025 [3]. - The toll-free replay number is 1-844-512-2921, and the international replay number is 1-412-317-6671, with a Replay ID of 1110829 [3]. Group 3: Company Overview - BBSI is a leading provider of business management solutions, specializing in human resource outsourcing and professional management consulting [3]. - The company serves over 8,100 PEO clients across all 50 states, focusing on improving operational efficiency through its integrated platform [3].

Core Insights - Barrett Business Services, Inc. (BBSI) reported a 10% increase in revenues to $307.7 million and gross billings to $2.23 billion for the second quarter of 2025 compared to the same quarter in 2024 [3][4][10] - The company announced a new $100 million stock repurchase program, replacing the previous program established in July 2023 [8] Financial Performance - Revenues increased by 10% from $279.7 million in Q2 2024 to $307.7 million in Q2 2025 [3][10] - Gross billings rose by 10% from $2.03 billion in Q2 2024 to $2.23 billion in Q2 2025, driven by growth in professional employer services and increased worksite employees (WSEs) [4][10] - Net income for Q2 2025 was $18.5 million, or $0.70 per diluted share, compared to $16.7 million, or $0.62 per diluted share, in Q2 2024 [6][10] Operational Metrics - Average WSEs increased by 8% year-over-year, from 128,734 in Q2 2024 to 138,969 in Q2 2025 [18] - Workers' compensation expense as a percentage of gross billings decreased to 2.1% in Q2 2025 from 2.5% in Q2 2024, benefiting from lower costs [5][17] Capital Allocation - The company repurchased $8.0 million of stock in Q2 2025, comprising 197,200 shares at an average price of $40.80 [8] - BBSI paid $2.0 million in dividends during the quarter, with a confirmed quarterly cash dividend of $0.08 per share to be paid on September 5, 2025 [9] Liquidity Position - As of June 30, 2025, BBSI had unrestricted cash and investments totaling $90.4 million, down from $99.1 million as of March 31, 2025 [7]

Core Viewpoint - Insperity, Inc. is under investigation for possible securities fraud following disappointing financial results, which has led to a significant decline in its stock price [1][3][4]. Financial Performance - Insperity reported adjusted earnings per share of $0.26 for Q2 2025, which was a 70% decline compared to the same period in the previous year [3]. - The company attributed the poor performance to higher-than-expected benefits costs, including increased pharmacy expenses and a rise in large insurance claims [3]. - Following the earnings announcement, Insperity's stock price fell by $14.51, or approximately 24.35%, closing at $45.07 per share on August 1, 2025 [4]. Legal Actions - The Portnoy Law Firm has initiated an investigation into Insperity and may file a class action on behalf of investors who suffered losses [1]. - Investors are encouraged to contact the law firm for a complimentary case evaluation and to discuss their legal rights [2].

Core Insights - Insperity reported a significant decline in profitability in Q2 2025 despite stable revenue growth, with non-GAAP EPS dropping to $0.26, missing analyst estimates of $0.41 [1][6] - Revenue for the quarter was $1.7 billion, exceeding projections and reflecting a 3% year-over-year increase, driven by a modest rise in average paid worksite employees [1][5] - The company faced heavy margin pressure due to rising healthcare costs, resulting in a net loss of $5 million compared to a net income of $18 million in Q2 2024 [1][6] Financial Performance - Non-GAAP EPS fell by 70% year-over-year from $0.86 to $0.26 [2] - Adjusted EBITDA decreased by 52% to $32 million from $66 million [2] - Gross profit declined by 14% to $223 million [2] - Average worksite employees increased by 1% to 309,115 [2] Business Overview - Insperity operates as a professional employer organization (PEO), providing HR solutions including payroll, employee benefits, and regulatory compliance management [3] - The company emphasizes a high-touch and technology-enabled experience for its clients [3] Strategic Focus - Recent initiatives include expanding HR technology offerings, enhancing operational efficiency, and leveraging scale for competitive benefits [4] - Insperity's Certified Professional Employer Organization (CPEO) status aids in regulatory compliance and client eligibility for tax credits [4] Revenue and Margin Insights - Revenue growth was supported by effective pricing strategies, even amid subdued macroeconomic sentiment among small and medium-sized businesses [5] - Management noted that rising healthcare costs were driven by elevated pharmacy trends and large claim activity, severely impacting margins [6] Cost Management and Future Outlook - Management is implementing new pricing and benefit plan designs to mitigate cost inflation, with expectations for improvements in 2026 [7][10] - Insperity invested $14 million in Q2 2025 and $27 million in the first half of 2025 to advance its partnership with Workday, focusing on technology-driven HR solutions [8] - The company maintained cost discipline, with operating expenses declining by 3% despite ongoing investments [9] Guidance and Projections - For fiscal 2025, management revised guidance for adjusted EPS to a range of $1.81 to $2.51, a reduction of 30% to 49% compared to the previous year [10] - Adjusted EBITDA is expected to range from $170 million to $205 million, down between 24% and 37% [10] - Q3 2025 guidance indicates continued pressures, with adjusted EPS forecast between $0.06 and $0.49 [10]

Financial Data and Key Metrics Changes - The company reported Q2 2025 EPS of $0.26 and adjusted EBITDA of $32 million, slightly below the forecasted range due to higher than expected benefits costs [5][6] - Average paid worksite employees increased by 0.7% year-over-year to 309,115, with new sales contributing to a 2% increase in worksite employees [5][6] - Gross profit per worksite employee decreased to $240 per month from $282 in Q2 2024, primarily due to increased benefits costs [6][9] Business Line Data and Key Metrics Changes - Client retention averaged 99% per month, consistent with prior year results, while net hiring within the client base showed slight improvement [5][6] - Benefits costs per covered employee increased by 9.6% year-over-year in Q2, with pharmacy costs being a significant contributor [8][9] Market Data and Key Metrics Changes - The company noted that large claim frequency remains elevated, particularly for cancer and heart-related conditions, but did not observe adverse selection among new clients [8][9] - The overall economic environment for small and medium-sized businesses is showing signs of stabilization, which may lead to improved hiring trends [26][30] Company Strategy and Development Direction - The company is focused on executing a pricing plan and implementing plan design changes to address elevated benefits cost trends [34][30] - A strategic partnership with Workday is being leveraged to enhance HR solutions, with a new product architecture aimed at expanding the total addressable market [17][19] - The company plans to launch a fall sales campaign earlier than previous years, with strong incentives to drive sales and retention [25][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving accelerated growth and improved profitability in 2026 despite current challenges [14][30] - The company is optimistic about the potential for recovery in gross profit margins and operating expense management [27][30] Other Important Information - Operating expenses decreased by 3% year-over-year, with significant reductions in travel and professional fees [12] - The company returned $22 million in cash dividends to shareholders during Q2 2025, with a total of $45 million year-to-date [12] Q&A Session Summary Question: What is the expected financial impact of the Workday partnership in 2026? - Management indicated it is too early to predict the exact revenue and profitability impact from the Workday partnership, but they are excited about the progress [38][39] Question: Has there been improvement in net client hiring? - Management noted that underlying hiring has improved, although it remains below historical levels, and they expect further improvement [44][46] Question: Is the $150 million investment in Workday still appropriate? - Management believes the investment will exceed $150 million over five years, but the impact on the income statement will reduce significantly as they move closer to launch [49][50] Question: How will pricing and plan design changes affect healthcare costs? - Management stated that pricing changes will be the primary method to manage rising healthcare costs, with plan design changes serving to limit overall cost trends [67][68] Question: When will broad marketing efforts for Workday begin? - Management indicated that broad marketing efforts will likely occur in 2026, following the beta testing phases [71][72]