Barrett Business Services Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

$BBSI
Professional Services
Consumer Discretionary
Get the next $BBSI alert in real time by email
8-K
false000090279100009027912025-02-262025-02-26

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2025

 

 

BARRETT BUSINESS SERVICES, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Maryland

0-21886

52-0812977

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

8100 NE Parkway Drive

Suite 200

 

Vancouver, Washington

 

98662

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (360) 828-0700

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.01 per share

 

BBSI

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


 

Item 2.02. Results of Operations and Financial Condition.

On February 26, 2025, Barrett Business Services, Inc. (the “Company”), issued a news release announcing its financial results for the fourth quarter and year ended December 31, 2024. The release also provides management’s expectations for certain key performance metrics for 2025. A copy of the news release is furnished as Exhibit 99.1 to this report and incorporated by reference.

Item 7.01. Regulation FD Disclosure.

On February 26, 2025, the Company announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend is payable on March 28, 2025 to all stockholders of record as of March 14, 2025.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

99.1 News Release dated February 26, 2025*

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

* Furnished herewith

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

BARRETT BUSINESS SERVICES, INC.
Registrant


Dated: February 26, 2025

 

By:

 /s/ Anthony J. Harris

 

 

 

Anthony J. Harris
Executive Vice President and Chief Financial Officer and Treasurer

 

 

 

 

 


Get the next $BBSI alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$BBSI

DatePrice TargetRatingAnalyst
6/5/2024$140.00Buy → Neutral
Sidoti
6/14/2022$97.00Buy
Sidoti
8/5/2021$88.00 → $98.00Buy
Roth Capital
More analyst ratings

$BBSI
Press Releases

Fastest customizable press release news feed in the world

See more
  • BBSI Appoints Mark S. Finn to its Board of Directors

    VANCOUVER, Wash., April 07, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., has appointed Mark S. Finn to its board of directors, effective April 7, 2025. Finn spent over 30 years with T. Rowe Price Group (NASDAQ:TROW), a global investment management firm, where he held several roles, including portfolio manager of the firm's $35 billion US Value Equity Strategy Fund and co-portfolio manager of its $3.5 billion US Large-Cap Value Equity Strategy Fund. Before T. Rowe Price, Finn worked in assurance services at Price Waterhouse & Co

    $BBSI
    $TROW
    Professional Services
    Consumer Discretionary
    Investment Bankers/Brokers/Service
    Finance
  • BBSI Announces Appointment of Thomas McGinn as Senior Vice President of Insurance

    VANCOUVER, Wash., April 02, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions, today announced the appointment of Thomas McGinn as Senior Vice President of Insurance. In this role, Mr. McGinn will oversee BBSI's insurance operations, including underwriting strategy, risk management, and pricing. He will report directly to BBSI's Chief Executive Officer, Gary Kramer. "This is a critical leadership role at BBSI, and Tom's deep expertise in the insurance industry makes him an outstanding fit for this position," said Gary Kramer, CEO of BBSI. "His extensive background in underwriting, risk management, and client

    $BBSI
    Professional Services
    Consumer Discretionary
  • BBSI Reports Strong Fourth Quarter and Full Year 2024 Financial Results

    - Fourth Quarter Revenues up 10% to $304.8 Million With Net Income up 15% to $16.8 Million, or $0.63 per Diluted Share - VANCOUVER, Wash., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ:BBSI), a leading provider of business management solutions, reported financial results for the fourth quarter and full year ended December 31, 2024. All share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the four-for-one stock split that was distributed in the form of a stock dividend in June 2024 (the "Stock Split"). Fourth Quarter 2024 Financial Summary vs. Year-ago Quarter Revenues up 10% to $304.

    $BBSI
    Professional Services
    Consumer Discretionary

$BBSI
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$BBSI
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$BBSI
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$BBSI
SEC Filings

See more

$BBSI
Leadership Updates

Live Leadership Updates

See more
  • BBSI Appoints Mark S. Finn to its Board of Directors

    VANCOUVER, Wash., April 07, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., has appointed Mark S. Finn to its board of directors, effective April 7, 2025. Finn spent over 30 years with T. Rowe Price Group (NASDAQ:TROW), a global investment management firm, where he held several roles, including portfolio manager of the firm's $35 billion US Value Equity Strategy Fund and co-portfolio manager of its $3.5 billion US Large-Cap Value Equity Strategy Fund. Before T. Rowe Price, Finn worked in assurance services at Price Waterhouse & Co

    $BBSI
    $TROW
    Professional Services
    Consumer Discretionary
    Investment Bankers/Brokers/Service
    Finance
  • BBSI Announces Appointment of Thomas McGinn as Senior Vice President of Insurance

    VANCOUVER, Wash., April 02, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions, today announced the appointment of Thomas McGinn as Senior Vice President of Insurance. In this role, Mr. McGinn will oversee BBSI's insurance operations, including underwriting strategy, risk management, and pricing. He will report directly to BBSI's Chief Executive Officer, Gary Kramer. "This is a critical leadership role at BBSI, and Tom's deep expertise in the insurance industry makes him an outstanding fit for this position," said Gary Kramer, CEO of BBSI. "His extensive background in underwriting, risk management, and client

    $BBSI
    Professional Services
    Consumer Discretionary
  • BBSI Establishes Vice Chairman Role, Appoints Current Board Member Joseph Clabby

    VANCOUVER, Wash., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., is announcing the establishment of a vice chairman role on its board of directors and appointing current board member Joseph S. Clabby to the new role. "On behalf of the board, we congratulate Joe Clabby on his appointment," said Tony Meeker, BBSI's chairman of the board. "Consistent with our board development and succession planning process, we are pleased to name Joe to this position. During his time on our board, Joe has contributed tremendously to BBSI'

    $BBSI
    $CB
    Professional Services
    Consumer Discretionary
    Property-Casualty Insurers
    Finance

$BBSI
Financials

Live finance-specific insights

See more
  • BBSI Reports Strong Fourth Quarter and Full Year 2024 Financial Results

    - Fourth Quarter Revenues up 10% to $304.8 Million With Net Income up 15% to $16.8 Million, or $0.63 per Diluted Share - VANCOUVER, Wash., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ:BBSI), a leading provider of business management solutions, reported financial results for the fourth quarter and full year ended December 31, 2024. All share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the four-for-one stock split that was distributed in the form of a stock dividend in June 2024 (the "Stock Split"). Fourth Quarter 2024 Financial Summary vs. Year-ago Quarter Revenues up 10% to $304.

    $BBSI
    Professional Services
    Consumer Discretionary
  • BBSI Sets Fourth Quarter and Full Year 2024 Conference Call for Wednesday, February 26, 2025, at 5:00 p.m. ET

    VANCOUVER, Wash., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ:BBSI), a leading provider of business management solutions, will conduct a conference call on Wednesday, February 26, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The company will report its financial results in a press release prior to the conference call. BBSI's CEO Gary Kramer and CFO Anthony Harris will host the conference call, followed by a question and answer period. Date: Wednesday, February 26, 2025Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)Toll-free dial-in number:

    $BBSI
    Professional Services
    Consumer Discretionary
  • BBSI Reports Strong Third Quarter 2024 Financial Results

    - Q3 2024 Net income of $19.6 Million, or $0.74 per Diluted Share - VANCOUVER, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ:BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September 30, 2024. All share and per share amounts presented herein have been retroactively adjusted to reflect the impact of the four-for-one stock split that was distributed in the form of a stock dividend in June 2024 (the "Stock Split"). Third Quarter 2024 Financial Summary vs. Year-Ago Quarter Revenues up 8% to $294.3 million.Gross billings up 9% to $2.14 billion.Average worksite empl

    $BBSI
    Professional Services
    Consumer Discretionary

$BBSI
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more