---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057445"
form_type: "8-K"
ticker: "BBSI"
cik: "0000902791"
company_name: "BARRETT BUSINESS SERVICES INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:50:08.224759+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# BBSI Q3 net income $18.2M ($2.68 EPS) up 4.6% YoY; declares $0.30 dividend

## Summary
- Revenue $273.3M (-0.2% YoY); gross billings up 3% to $1.96B; average WSEs +1% to 127,232.
- Net income $18.2M vs $17.4M YoY; diluted EPS $2.68 vs $2.45; workers' comp expense improved to 2.7%.
- Board declared $0.30 per share quarterly dividend, payable Dec 1 to holders of record Nov 17.
- Repurchased 115,400 shares at avg $94.60 in Q3; $64.1M remaining under buyback program.
- 2023 guidance: gross billings growth 4-5%, avg WSE growth 2-3%, gross margin 3.1-3.15%.

## SEC filing metadata
- accession: 0000950170-23-057445
- form_type: 8-K
- ticker: BBSI
- cik: 0000902791
- company_name: BARRETT BUSINESS SERVICES INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/902791/000095017023057445/0000950170-23-057445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/902791/000095017023057445/bbsi-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057445
- JSON: https://secwatch.observer/filing/0000950170-23-057445.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057445.txt

## Key facts
- Earnings Releases
  BARRETT BUSINESS SERVICES INC reported third quarter ended September 30, 2023 results: revenue $273.3 million, net income $18.2 million, EPS $2.68 per diluted share. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $273.3 million
  - Net income: $18.2 million
  - EPS: $2.68 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: solutions, reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Summary vs. Year-Ago Quarter • Revenues down 0.2% to $273.3 million. • Gross billings up 3% to $1.96 billion. • Average worksite employees (“WSEs”) up 1%. • Net income up to $18.2 million, or $2.68 per diluted share, compared to $17.4 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/902791/000095017023057445/0000950170-23-057445-index.htm

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