Q2 revenue up 10% to $307.7M; EPS rises to $0.70; guides 2025 higher & new $100M buyback

BARRETT BUSINESS SERVICES INC

2025-Q2 EPS reported $0.66 revenue$600,223,000

Q2 net income $18.5M ($0.70 diluted EPS) vs $16.7M ($0.62) a year ago; revenue +10% to $307.7M.
Gross billings +10% to $2.23B; average worksite employees +8% to 138,969.
Workers' comp expense improved to 2.1% of gross billings vs 2.5% in Q2 2024.
2025 guidance raised: gross billings growth now 9-10% (prev 7-9%); WSE growth 6-8% (prev 4-6%).
Board authorized new $100M stock repurchase program over 2 years; declared $0.08/sh dividend payable Sept 5.

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