secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001564590-22-008311
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000156459022008311/0001564590-22-008311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000156459022008311/bbsi-8k_20220302.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-008311

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