secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-022121
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 $14.6M, EPS $2.16; FY net income $50.6M, EPS $7.39; declares $0.30 dividend
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- Q4 net income $14.6M ($2.16 diluted EPS) vs $11.5M ($1.64) YoY; revenue $276.7M (+2%).
- Full year net income $50.6M ($7.39 diluted EPS) vs $47.3M ($6.54) in 2022; revenue $1.07B.
- Board declared $0.30/share quarterly dividend payable March 28, 2024 to holders of record March 15.
- 2024 outlook: gross billings growth 6-8%, WSE growth 4-5%, gross margin 2.95-3.15%.
- Repurchased $34M stock in 2023 at avg $91.15; $59M remains under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000095017024022121/0000950170-24-022121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000095017024022121/bbsi-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-022121

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