earnings
confidence high
sentiment positive
materiality 0.70
BBSI posts Q1 net income of $0.3M, first profitable Q1 in ten years; raises FY2022 outlook
BARRETT BUSINESS SERVICES INC
2022-Q1 EPS reported
$0.04
revenue$246,375,000
- Net revenues $246.4M (+13% YoY); gross billings $1.71B (+16% YoY).
- Diluted EPS $0.04 vs $(0.60) loss in Q1 2021; net income $0.3M.
- Average worksite employees up 9% YoY; strong client additions and hiring.
- Board declares quarterly dividend $0.30/share, payable June 3, record May 20.
- Company raises full-year 2022 outlook; favorable payroll tax and workers' comp experience.