BBSI Q3 net income $19.6M ($0.74 EPS); raises 2024 billings growth outlook

BARRETT BUSINESS SERVICES INC

2024-Q3 EPS reported $1.35 revenue$839,711,000

Revenue up 8% to $294.3M; gross billings up 9% to $2.14 billion; average WSEs up 5%.
Net income $19.6M ($0.74 diluted EPS) vs $18.2M ($0.67) a year ago.
Workers' comp expense as % of gross billings improved to 2.3% from 2.7%.
Declared $0.08/share quarterly dividend payable Dec 6, record Nov 22; repurchased $8M in stock.
Raised FY2024 gross billings growth outlook to 7%-8% (prior 6%-8%).

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