secwatch.observer — SEC 8-K summary
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Issuer:     BARRETT BUSINESS SERVICES INC (BBSI)
CIK:        0000902791
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001564590-22-017866
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBSI posts Q1 net income of $0.3M, first profitable Q1 in ten years; raises FY2022 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/902791/000156459022017866/0001564590-22-017866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/902791/000156459022017866/bbsi-8k_20220504.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017866

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