Earnings ·
Reports Q3 revenue of $334.1M and declares $0.08 quarterly dividend
BBSIBarrett Business Services Inc
Barrett Business Services reported third-quarter revenues of $334.1 million, a 5% increase year-over-year, with gross billings rising 3% to $2.40 billion. Net income was $16.8 million, or $0.69 per diluted share, down from $20.6 million in the prior-year quarter. The company also announced a regular quarterly cash dividend of $0.08 per share, payable on December 4 to shareholders of record as of November 20. BBSI operates in the professional employer organization (PEO) and business management solutions industry.