---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017178"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:14:57.324749+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BBSI Q1 net income $0.8M, EPS $0.12 vs $0.04 YoY; revenue up 3% to $254.7M

## Summary
- Net income $0.8M ($0.12 diluted EPS) vs $0.3M ($0.04) in Q1 2022.
- Revenue $254.7M (+3% YoY); gross billings $1.79B (+5%).
- Average worksite employees up 2.7% to 119,313; workers' comp expense 2.9% of gross billings.
- Quarterly dividend reaffirmed at $0.30/share, payable June 2; $20M remaining in buyback.
- FY 2023 outlook reaffirmed: gross billings growth 5-8%, WSE growth 2-4%, gross margin 3.0-3.15%.

## SEC filing metadata
- accession: 0000950170-23-017178
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/902791/000095017023017178/0000950170-23-017178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000095017023017178/bbsi-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017178
- JSON: https://secwatch.observer/filing/0000950170-23-017178.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017178.txt

## Key facts
- Earnings Releases
  BARRETT BUSINESS SERVICES INC reported first quarter ended March 31, 2023 results: revenue $254.7 million, net income $0.8 million, EPS $0.12 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $254.7 million
  - Net income: $0.8 million
  - EPS: $0.12 per diluted share
  - Result: reported results
  source text: management solutions, reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary vs. Year-Ago Quarter • Revenues up 3% to $254.7 million. • Gross billings up 5% to $1.79 billion. • Average worksite employees (“WSEs”) up 3%. • Net income up to $0.8 million, or $0.12 per diluted share, compared to $0.3 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000095017023017178/0000950170-23-017178-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.