secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017178
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000095017023017178/0000950170-23-017178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000095017023017178/bbsi-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017178

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