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 ...

VANCOUVER, Wash., Dec. 02, 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., is proud to announce that for the fifth year in a row, the company has been Certified™ by Great Place To Work®. This prestigious award is based entirely on what current employees say about their experience working at BBSI. “We are honored to be recognized as a Great Place To ...

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 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 - 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]