---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037153"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T16:01:29.322758+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BBSI reports Q2 net income $17M ($2.47 EPS); declares $0.30 dividend, new $75M buyback

## Summary
- Q2 net income $17.0M ($2.47 diluted EPS) vs $18.0M ($2.48) year ago.
- Revenue $264.6M (+1% YoY); gross billings $1.91B (+5%).
- Workers' comp expense 2.6% of gross billings with $6.3M favorable adjustments vs 2.5% ($8.5M) year ago.
- New $75M stock repurchase program (2-year); quarterly dividend $0.30 payable Sept 1, 2023.
- 2023 outlook: gross billings growth 4-6%, WSE growth 2-4%, gross margin 3.1-3.15%.

## SEC filing metadata
- accession: 0000950170-23-037153
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/902791/000095017023037153/0000950170-23-037153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000095017023037153/bbsi-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037153
- JSON: https://secwatch.observer/filing/0000950170-23-037153.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037153.txt

## Key facts
- Earnings Releases
  BARRETT BUSINESS SERVICES INC reported second quarter ended June 30, 2023 results: revenue $264.6 million, net income $17.0 million, EPS $2.47 per diluted share. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $264.6 million
  - Net income: $17.0 million
  - EPS: $2.47 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: management solutions, reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Summary vs. Year-Ago Quarter • Revenues up 1% to $264.6 million. • Gross billings up 5% to $1.91 billion. • Average worksite employees (“WSEs”) up 2%. • Net income of $17.0 million, or $2.47 per diluted share, compared to $18.0 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000095017023037153/0000950170-23-037153-index.htm

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