secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0000950170-23-005526
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBSI Q4 net income $11.5M ($1.64 EPS); full-year revenue $1.05B, up 10%; declares $0.30 dividend
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- Q4 net income $11.5M ($1.64 diluted EPS) vs $10.6M ($1.40) in prior year; revenues $272M, up 6%.
- Full-year 2022 net income $47.3M ($6.54 diluted EPS) vs $38.1M ($5.00); revenues $1.05B, up 10%.
- Average worksite employees up 6% in Q4 and 8% for full year; gross billings up 8% and 13% respectively.
- Board declared quarterly cash dividend of $0.30 per share, payable March 31, 2023 to holders of record March 17, 2023.
- CEO cites strong finish and plans to launch health benefits offering nationwide in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000095017023005526/0000950170-23-005526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000095017023005526/bbsi-20230301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005526

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer