BBSI reports Q4 net income $10.6M ($1.40 EPS); announces $0.30 dividend and $75M buyback

BARRETT BUSINESS SERVICES INC

Q4 net revenues $256.6M, up 10% YoY; net income $10.6M ($1.40 diluted EPS) vs $7.2M ($0.93) a year ago.
Full year 2021 net revenues $955.2M, up 8%; net income $38.1M ($5.00 diluted EPS) vs $33.8M ($4.39).
Average worksite employees (WSEs) up 7% in Q4; highest-ever year-end WSE count.
Board declares $0.30/share quarterly dividend, payable April 1, 2022 to holders of record March 18.
Board authorizes $75M share repurchase program over two years, replacing prior $75M program.

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