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Stock impact report

BBSI Reports Strong Fourth Quarter and Full Year 2023 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
- Q4 2023 Net Income of $14.6 Million, or $2.16 per Diluted Share - - Full Year 2023 Net Income of $50.6 Million, or $7.39 per Diluted Share - VANCOUVER, Wash. , Feb. 28, 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Summary vs. Prior Year Quarter Revenues up 2% to $276.7 million.Gross billings up 5% to $2.05 billion.Average worksite employees (“WSEs”) up 2%.Increase in net income to $14.6 million, or $2.16 per diluted share, compared to $11.5 million, or $1.64 per diluted share. Full Year 2023 Financial Summary vs. 2022 Revenues up 1% to $1.07 billion.Gross billings up 4% to $7.72 billion.Average WSEs up 2%.Net income of $50.6 million, or $7.39 per diluted share, compared to $47.3 million, or $6.54 per diluted share. “2023 was another year of significant Show less Read more
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