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Stock impact report

Barrett Business Services Inc (BBSI) Q3 2024 Earnings Call Highlights: Strong Growth in Gross ... [Yahoo! Finance]

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: Yahoo! Finance
Staffing Revenues: Declined 2% to $21 million in the quarter. Worksite Employees (WSE): Grew by 5% year-over-year. Average Billing per WSE: Increased 3% in the quarter. Regional Performance: East Coast grew by 18%, Mountain and Southern California each grew by 10%, Northern California grew by 6%, and Pacific Northwest declined by 1%. Workers' Compensation Adjustments: Recognized favorable prior year liability and premium adjustments of $4.3 million. Net Income per Diluted Share: $0.74 compared to $0.67 in the year-ago quarter. Unrestricted Cash and Investments: $94 million as of September 30th. Share Repurchase: $8 million of shares repurchased at an average price of $35.09 per share. Dividends Paid: $2.1 million at a rate of $0.08 per share. Full Year Gross Billings Outlook: Expected to increase between 7% and 8%. Gross Margin Outlook: Expected to be between 3.03% and 3.07% of gross billings. Effective Annual Tax Rate: Expected to remain between 26% and 27%. Show less Read more
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