VANCOUVER, Wash., Oct. 22, 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., will conduct a conference call on Wednesday, November 5, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2025. The company will report its financial results in a press release prior to the co ...

Core Insights - The staffing industry is evolving rapidly due to digital innovation, demographic changes, and the demand for flexible work arrangements, making effective staffing solutions critical for companies [3][4] - Staffing firms are increasingly viewed as growth enablers, helping organizations navigate economic uncertainties and scale for growth [4][5] Industry Overview - The staffing ecosystem has transformed, with organizations seeking strategic partners who understand talent needs and market trends [3] - Technology, including AI-enabled recruitment tools and talent analytics, is becoming standard in staffing strategies, allowing for faster and smarter hiring decisions [3] Investment Opportunities - The staffing sector presents compelling opportunities for investors, with firms like ADP, Korn Ferry, and Barrett Business Services positioned as key players in workforce transformation [5][6] - As hiring accelerates, staffing companies are at the forefront of providing scalable solutions that contribute to economic growth and long-term value creation [5] Company Highlights - **ADP**: A leader in human capital management solutions, ADP reported revenues of $5.1 billion for Q3 fiscal 2025, a 5.7% year-over-year increase, and is focused on expanding its cloud-based HCM and HR outsourcing solutions [8][9] - **Korn Ferry**: Specializes in executive search and workforce transformation, leveraging data-driven insights and AI tools to enhance hiring processes and leadership development [10][11][12] - **Barrett Business Services (BBSI)**: Provides HR outsourcing and management consulting, focusing on personalized client interactions and local market expertise, which supports its sustained growth [13]

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 - Barrett Business Services, Inc. (BBSI) will hold a conference call on August 6, 2025, to discuss its financial results for Q2 2025, which ended on June 30, 2025 [1][2]. Group 1 - 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 a toll-free number or an international dial-in number, with a conference ID provided for access [2]. Group 2 - The conference call will be broadcast live and available for replay on the BBSI website, with a replay accessible until September 6, 2025 [3]. - BBSI is recognized as 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) has opened a new branch in Dallas, Texas, enhancing its presence in the North Texas business community [1][2][3] Company Expansion - The Dallas branch is part of BBSI's asset-light branch model initiated in 2022, aimed at supporting local entrepreneurs [2] - The new location will provide a range of services including payroll administration, benefits, workers' compensation, risk consulting, recruiting, and human resources [3][4] Leadership and Community Engagement - Chase Mortenson, a Dallas native with a background in finance and marketing, will lead the new branch, emphasizing support for local entrepreneurs [5] - The establishment of the Dallas branch reflects BBSI's commitment to local, face-to-face support for business owners in the dynamic Dallas-Fort Worth area [4] Company Overview - BBSI is recognized as a leading provider of business management solutions, combining human resource outsourcing with professional management consulting [6] - The company serves over 8,100 PEO clients across all 50 states, focusing on improving operational efficiency for businesses of various sizes [6]

Core Points - Barrett Business Services, Inc. (BBSI) has appointed Joseph S. Clabby as the new Chairman of the Board of Directors, succeeding Tony Meeker, who will remain on the board [2][3] - Clabby has been with BBSI since September 2022 and was previously Vice Chairman of the Board, bringing over two decades of experience from ACE Limited and Chubb [3] - The Vice Chairman position will remain unfilled for the time being [4] Company Overview - BBSI is a leading provider of business management solutions, specializing in human resource outsourcing and professional management consulting [5] - The company serves over 8,100 PEO clients across all 50 states, focusing on payroll processing, employee benefits, workers' compensation, risk management, and workplace safety programs [5]

Core Viewpoint - Barrett Business Services, Inc. (BBSI) will hold a conference call on May 7, 2025, to discuss its financial results for Q1 2025, which ended on March 31, 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 a toll-free number or an international dial-in number, with a conference ID provided for access [2]. Group 2: Replay Information - The conference call will be broadcast live and available for replay on the BBSI website, with a replay accessible after 8:00 p.m. Eastern time on the same day until June 7, 2025 [3]. - Specific toll-free and international numbers are provided for the replay, along with a replay ID [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].