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Stock impact report

BBSI Reports Strong First Quarter 2024 Financial Results

Barrett Business Services, Inc. (BBSI) 
Last barrett business services, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: barrettbusiness.com/investor-relations
Company Research Source: GlobeNewswire
- Revenues of $265.8 Million With Gross Billings up 7% - VANCOUVER, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (“BBSI” or the “Company”) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary vs. Year-Ago Quarter Revenues up 4% to $265.8 million.Gross billings up 7% to $1.91 billion.Average worksite employees (“WSEs”) up 3%.Net loss of $0.1 million, or $(0.02) per diluted share, compared to net income of $0.8 million, or $0.12 per diluted share. “We started the year on a strong note, with growth from net client adds driving gross billings expansion in line with our target,” said BBSI President and CEO Gary Kramer. “We continue to see positive momentum from our marketing initiatives and new product offerings, and the roll-out of BBSI Benefits continues to perform well. We are executing to our plan and expect 2024 to be another stro Show less Read more
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