Barrett Business Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:05 pm EDT
Share
Barrett Business Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 273.33 million compared to USD 273.82 million a year ago. Net income was USD 18.22 million compared to USD 17.44 million a year ago. Basic earnings per share from continuing operations was USD 2.72 compared to USD 2.48 a year ago. Diluted earnings per share from continuing operations was USD 2.68 compared to USD 2.45 a year ago.
For the nine months, revenue was USD 792.63 million compared to USD 782.38 million a year ago. Net income was USD 36.05 million compared to USD 35.74 million a year ago. Basic earnings per share from continuing operations was USD 5.32 compared to USD 4.96 a year ago. Diluted earnings per share from continuing operations was USD 5.24 compared to USD 4.91 a year ago.
Barrett Business Services, Inc. is a provider of business management solutions for small and mid-sized companies. It has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It operates a decentralized delivery model using operationally focused business teams, typically located approximately 50 miles from its client companies. It offers two services: professional employer services (PEO) and staffing. Under PEO, it establishes to a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation and benefits coverage (if elected) and certain other administrative functions for the clients existing workforce. The staffing services include on-demand or short-term staffing assignments, contract staffing, direct placement, and long-term or indefinite-term on-site management.
BARRETT BUSINESS SERVICES, INC. 
