secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122281
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000095017024122281/0000950170-24-122281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000095017024122281/bbsi-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122281

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