Barrett Business Services Inc (OQ:BBSI)
Business Focus: Human Resources Consulting Services
| Sector: Industrials | Industry: Employment Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 200, 8100 NE PARKWAY DRIVE VANCOUVER WA 98662 |
| Tel: | 1-949-5743860 |
| Website: | https://www.bbsi.com |
| IR: | See website |
| Key People | ||
| Gary E. Kramer President, Chief Executive Officer, Director | Anthony J. Harris Chief Financial Officer, Executive Vice President, Principal Accounting Officer | Gerald R. Blotz Chief Operating Officer - Field Operations, Executive Vice President | James R. Potts Executive Vice President, General Counsel, Secretary |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Barrett Business Services Inc revenues increased 1% to $1.07B. Net income increased 7% to $50.6M. Revenues reflect Professional employer services increase of 5% to $982.3M. Net income benefited from Investment income increase of 33% to $8.6M (income). Dividend per share remained flat at $1.20. Basic Earnings per Share excluding Extraordinary Items increased from $6.63 to $7.52. |
| Employees: | 130,513 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $643.99M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,069M as of Dec 31, 2023 |
| EBITDA (TTM): | $67.76M as of Dec 31, 2023 |
| Net annual income (TTM): | $50.61M as of Dec 31, 2023 |
| Free cash flow (TTM): | $47.31M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 6,571,358 as of Feb 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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