BBSI Q2 net income falls 30% to $12.9M; revenue up 4% to $319.3M; dividend $0.08

BARRETT BUSINESS SERVICES INC

Net income $12.9M ($0.52 diluted) vs $18.5M ($0.70) a year ago; revenue up 4% to $319.3M.
Workers' comp expense as % of gross billings rose to 2.5% from 2.1%, with favorable adjustments shrinking to $2.0M from $8.8M.
Repurchased $15.0M of stock (486,811 shares at avg $30.92); $40.3M remaining under $100M program.
Declared regular quarterly dividend of $0.08/share, payable Sept 4 to holders of record Aug 21.
Updated 2026 outlook: gross billings growth 3-4%, WSE growth 2-3%, gross margin 2.70-2.75%.

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