New Risk • Jul 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €397k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Jul 08
Independent Director recently sold €397k worth of stock On the 2nd of July, Anthony Meeker sold around 12k shares on-market at roughly €33.08 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Declared Dividend • May 20
First quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 22nd May 2026 Payment date: 5th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next year, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Mark Finn was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Barrett Business Services, Inc. Introduces New HRIS Module Performance Management Barrett Business Services, Inc. announced the upcoming launch of its newest HRIS module within the myBBSI Client Portal: Performance Management. This intuitive solution is designed to help organizations align with employees on objectives and expectations, and track and assess employee performance with consistency and clarity. The Performance Management module empowers employers to formalize performance expectations and document performance conversations through standardized review cycles, ongoing feedback, and development planning. By bringing these processes into a single, integrated platform, BBSI is helping clients strengthen engagement, improve accountability, and support employee growth. Designed with both employers and employees in mind, the module enables clients to create structured performance review workflows, establish feedback loops, and support development planning in a way that is repeatable and easy to manage. These capabilities help organizations move beyond informal or inconsistent reviews and toward a more transparent, goal-oriented performance culture. By integrating Performance Management directly into the myBBSI Client Portal, BBSI is helping clients achieve meaningful business outcomes, including: Greater Alignment: Standardized review processes help ensure employees understand expectations, goals, and performance criteria. Improved Engagement and Development: Ongoing feedback and development planning support employee growth and productivity. Clear Documentation: Consistent, repeatable processes provide clarity and support sound employment decisions. The Performance Management module is part of BBSI’s broader HRIS roadmap, designed to deliver a more connected and modern HR experience across the employee lifecycle, including onboarding, document management, and performance-related processes. Announcement • Apr 23
Barrett Business Services, Inc. to Report Q1, 2026 Results on May 06, 2026 Barrett Business Services, Inc. announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Apr 22
Barrett Business Services, Inc., Annual General Meeting, Jun 01, 2026 Barrett Business Services, Inc., Annual General Meeting, Jun 01, 2026. Announcement • Apr 02
Barrett Business Services, Inc. Announces United States Tax Court Issues Opinion on Wage-Based Tax Credits Lawsuit Barrett Business Services, Inc. reported that on March 30, 2026, the United States Tax Court issued an opinion granting the Internal Revenue Service's motion for partial summary judgment and denying the Company's motion for partial summary judgment in Barrett Business Services, Inc. v. Commissioner of Internal Revenue with respect to the Company's claims for wage-based tax credits, including the Work Opportunity Tax Credit and the Empowerment Zone Employment Credit, for tax years 2017 through 2020. The ruling did not determine the amounts of any tax deficiency, interest or penalties. As a result of the Court's opinion, the Company expects to record charges of approximately $8.6 million of additional tax expense and approximately $3.4 million of related interest in the First Quarter of 2026 related to the tax years addressed by the opinion, as well as for tax years 2021 and 2022, which represent the remaining years of the Company's potential exposure related to wage-based tax credits. The Company does not intend to record a charge for penalties, as it believes the matter involves novel legal issues, such that penalties should not apply. The Company is evaluating the opinion and available legal options, including any rights to appeal. The Company does not expect the ruling to have an effect on its current operations or services provided to clients. Announcement • Feb 27
Barrett Business Services, Inc. announces Quarterly dividend, payable on March 27, 2026 Barrett Business Services, Inc. announced Quarterly dividend of USD 0.0800 per share payable on March 27, 2026, ex-date on March 13, 2026 and record date on March 13, 2026. Announcement • Feb 12
Barrett Business Services, Inc. to Report Q4, 2025 Results on Feb 25, 2026 Barrett Business Services, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 25, 2026 Announcement • Jan 05
Barrett Business Services, Inc. Introduces New HRIS Module: Employee File Cabinet Barrett Business Services, Inc. announced the launch of its newest HRIS module within the BBSI Client Portal: Employee File Cabinet, a secure, centralized, and fully integrated digital repository for employee documents. Developed in collaboration with Box, the Employee File Cabinet leverages Box's enterprise-grade security and content management capabilities while giving BBSI clients and their employees a streamlined, single location to store, organize, and access critical HR documents. By centralizing this data and integrating it directly into the existing Client Portal experience, BBSI is helping clients achieve meaningful business outcomes: Improved Compliance: Consistent, auditable records reduce risk and support regulatory requirements. Operational Efficiency: Less time spent tracking paperwork means more time focused on the business. Enhanced Employee Experience: Employees can access their own documents with ease, strengthening transparency and reducing administrative delays. The Employee File Cabinet is part of BBSI's broader technology roadmap designed to unify HR-related documents across onboarding, applicant tracking, performance management, and other key systems. Announcement • Nov 06
Barrett Business Services, Inc. Declares Quarterly Cash Dividend, Payable on December 5, 2025 Barrett Business Services, Inc.'s board of directors confirmed its next regular quarterly cash dividend at $0.08 per share. The cash dividend will be paid on December 5, 2025, to all stockholders of record as of November 21, 2025. Announcement • Oct 24
Barrett Business Services, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Barrett Business Services, Inc. announced that they will report Q3, 2025 results on Nov 05, 2025 Announcement • Jul 24
Barrett Business Services, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Barrett Business Services, Inc. announced that they will report Q2, 2025 results on Aug 06, 2025 Announcement • Jun 05
Barrett Business Services, Inc. Appoints Joseph S. Clabby as Chairman of the Board Barrett Business Services, Inc. (BBSI) announced that Joseph S. Clabby has been appointed Chairman of the Board of Directors, succeeding Tony Meeker, who will continue to serve as a member of the board. Clabby was appointed Vice Chairman of the Board in December 2024, following his initial appointment as a director in September 2022. He spent over two decades with ACE Limited and then Chubb following its merger with ACE, holding a variety of senior executive positions, including board roles at several affiliated companies. The Vice Chairman role will not be filled at this time. Announcement • Apr 24
Barrett Business Services, Inc. to Report Q1, 2025 Results on May 07, 2025 Barrett Business Services, Inc. announced that they will report Q1, 2025 results on May 07, 2025 Announcement • Apr 22
Barrett Business Services, Inc., Annual General Meeting, Jun 02, 2025 Barrett Business Services, Inc., Annual General Meeting, Jun 02, 2025. Announcement • Apr 08
Barrett Business Services, Inc. Appoints Mark S. Finn to Its Board of Directors Barrett Business Services, Inc. has appointed Mark S. Finn to its board of directors, effective April 7, 2025.Finn spent over 30 years with T. Rowe Price Group, a global investment management firm, where he held several roles, including portfolio manager of the firm’s $35 billionUS Value Equity Strategy Fund and co-portfolio manager of its $3.5 billionUS Large-Cap Value Equity Strategy Fund. Before T. Rowe Price, Finn worked in assurance services at Price Waterhouse & Co., now known as PricewaterhouseCoopers LLP. Finn earned a Bachelor of Science in Accounting from the University of Delaware and was a certified public accountant and certified financial analyst until his retirement from T. Rowe Price Group in 2023. Announcement • Apr 03
Barrett Business Services, Inc. Announces Appointment of Thomas Mcginn as Senior Vice President of Insurance Barrett Business Services, Inc. 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. Mr. McGinn brings decades of experience in the insurance industry to BBSI, having spent the past 30 years in senior leadership roles with Chubb, ACE, and its predecessor company, CIGNA Property & Casualty. Most recently, he served as Senior Vice President at Chubb Global Casualty and New York Branch Manager, where he led underwriting operations and client services. Announcement • Feb 27
Barrett Business Services, Inc. Declares Quarterly Dividend, Payable on March 28, 2025 Barrett Business Services, Inc. board declared 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. Announcement • Feb 25
Barrett Business Services, Inc. Launches Innovative Applicant Tracking System to Streamline Hiring for Businesses Barrett Business Services, Inc. (BBSI) announced the launch of BBSI Applicant Tracking System (ATS), a tool designed to simplify and enhance the hiring process for businesses of all sizes. BBSI's ATS changes the game by offering an intuitive, end-to-end solution that helps businesses attract, manage, and onboard new employees efficiently. With BBSI's ATS, businesses can: Create Job Postings: Easily craft compelling job descriptions and post them on the most popular job boards with just a few clicks. Track Applicants: Manage candidates throughout the interview process with an intuitive, centralized dashboard. Streamline Onboarding: Provide a seamless, fully electronic onboarding experience to ensure new hires are set up for success. What sets BBSI's ATS apart is its full integration with BBSI's suite of products. Once a candidate is hired, their information flows seamlessly into BBSI's payroll system, eliminating manual data entry, reducing errors, and saving valuable time for businesses. BBSI’s ATS is available now to all BBSI clients. Announcement • Feb 13
Barrett Business Services, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Barrett Business Services, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2025 Declared Dividend • Nov 12
Third quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 22nd November 2024 Payment date: 6th December 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.75 (vs US$0.68 in 3Q 2023) Third quarter 2024 results: EPS: US$0.75 (up from US$0.68 in 3Q 2023). Revenue: US$294.3m (up 7.7% from 3Q 2023). Net income: US$19.6m (up 7.7% from 3Q 2023). Profit margin: 6.7% (in line with 3Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 07
Barrett Business Services, Inc. Confirms Next Regular Quarterly Cash Dividend, Payable on December 6, 2024 Barrett Business Services, Inc.’s board of directors confirmed its next regular quarterly cash dividend at $0.08 per share. The cash dividend will be paid on December 6, 2024, to all stockholders of record as of November 22, 2024. Announcement • Oct 23
Barrett Business Services, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Barrett Business Services, Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 New Risk • Aug 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €221k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Significant insider selling over the past 3 months (€221k sold). Recent Insider Transactions • Aug 16
Independent Chairman of the Board recently sold €146k worth of stock On the 14th of August, Anthony Meeker sold around 5k shares on-market at roughly €31.77 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by €266k. Declared Dividend • Aug 04
Second quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 16th August 2024 Payment date: 30th August 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 01
Barrett Business Services, Inc. Provides Earnings Guidance for the Year 2024 Barrett Business Services, Inc. provided earnings guidance for the year 2024. For the year, the company expects Gross billings growth of 6% to 8%. Gross margin as a percent of gross billings of 3.0% to 3.10%. Announcement • Jul 17
Barrett Business Services, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Barrett Business Services, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Declared Dividend • May 06
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.1% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 03
Barrett Business Services, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 31, 2024 The board of directors of Barrett Business Services, Inc. confirmed its regular quarterly cash dividend of $0.30 per share. The cash dividend will be paid on May 31, 2024, to all stockholders of record as of May 17, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: US$0.021 loss per share (vs US$0.12 profit in 1Q 2023) First quarter 2024 results: US$0.021 loss per share (down from US$0.12 profit in 1Q 2023). Revenue: US$265.8m (up 4.4% from 1Q 2023). Net loss: US$136.0k (down 117% from profit in 1Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 11
Barrett Business Services, Inc., Annual General Meeting, Jun 03, 2024 Barrett Business Services, Inc., Annual General Meeting, Jun 03, 2024. Agenda: To consider the approval of charter amendment; and to consider other matters. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.3%). Declared Dividend • Mar 04
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$7.52 (vs US$6.63 in FY 2022) Full year 2023 results: EPS: US$7.52 (up from US$6.63 in FY 2022). Revenue: US$1.07b (up 1.4% from FY 2022). Net income: US$50.6m (up 7.1% from FY 2022). Profit margin: 4.7% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Announcement • Feb 29
Barrett Business Services, Inc. Declares Regular Quarterly Cash Dividend, Payable on March 28, 2024 On February 28, 2024 Barrett Business Services, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.30 per share. The dividend is payable on March 28, 2024 to all stockholders of record as of March 15, 2024. Announcement • Feb 15
Barrett Business Services, Inc. to Report Q4, 2023 Results on Feb 28, 2024 Barrett Business Services, Inc. announced that they will report Q4, 2023 results on Feb 28, 2024 Upcoming Dividend • Nov 09
Upcoming dividend of US$0.30 per share at 1.2% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.6%). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$2.72 (vs US$2.48 in 3Q 2022) Third quarter 2023 results: EPS: US$2.72 (up from US$2.48 in 3Q 2022). Revenue: US$273.3m (flat on 3Q 2022). Net income: US$18.2m (up 4.5% from 3Q 2022). Profit margin: 6.7% (up from 6.4% in 3Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Announcement • Nov 02
Barrett Business Services, Inc. Confirms Regular Quarterly Cash Dividend, Payable on December 1, 2023 Barrett Business Services, Inc.'s board of directors has confirmed its regular quarterly cash dividend of $0.30 per share. The cash dividend will be paid on December 1, 2023, to all stockholders of record as of November 17, 2023. Announcement • Oct 19
Barrett Business Services, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Barrett Business Services, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Recent Insider Transactions • Aug 31
Independent Chairman of the Board recently sold €120k worth of stock On the 29th of August, Anthony Meeker sold around 1k shares on-market at roughly €88.37 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.30 per share at 1.3% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). New Risk • Aug 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Significant insider selling over the past 3 months (€107k sold). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.52 (vs US$2.52 in 2Q 2022) Second quarter 2023 results: EPS: US$2.52. Revenue: US$264.6m (flat on 2Q 2022). Net income: US$17.0m (down 5.5% from 2Q 2022). Profit margin: 6.4% (down from 6.9% in 2Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Recent Insider Transactions • Jul 11
Independent Director recently sold €107k worth of stock On the 7th of July, Thomas Carley sold around 1k shares on-market at roughly €78.55 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €517k more than they bought in the last 12 months. Upcoming Dividend • May 11
Upcoming dividend of US$0.30 per share at 1.5% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.8%). Announcement • May 05
Barrett Business Services, Inc. Confirms its Regular Quarterly Cash Dividend, Payable on June 2, 2023 Barrett Business Services, Inc. board of directors has confirmed its regular quarterly cash dividend of $0.30 per share. The cash dividend will be paid on June 2, 2023, to all stockholders of record as of May 19, 2023. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.039 in 1Q 2022) First quarter 2023 results: EPS: US$0.12 (up from US$0.039 in 1Q 2022). Revenue: US$254.7m (up 3.4% from 1Q 2022). Net income: US$819.0k (up 184% from 1Q 2022). Profit margin: 0.3% (up from 0.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.30 per share at 1.3% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$6.63 (vs US$5.05 in FY 2021) Full year 2022 results: EPS: US$6.63 (up from US$5.05 in FY 2021). Revenue: US$1.05b (up 10% from FY 2021). Net income: US$47.3m (up 24% from FY 2021). Profit margin: 4.5% (up from 4.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 16
Barrett Business Services, Inc. to Report Q4, 2022 Results on Mar 01, 2023 Barrett Business Services, Inc. announced that they will report Q4, 2022 results on Mar 01, 2023 Recent Insider Transactions • Dec 20
Independent Director recently bought €438k worth of stock On the 16th of December, Jon Justesen bought around 5k shares on-market at roughly €87.57 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €322k more in shares than they bought in the last 12 months. Upcoming Dividend • Nov 10
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 17 November 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.8%). Announcement • Nov 09
Barrett Business Services, Inc. Announces Launch of BBSI U Learning Management System Barrett Business Services, Inc. has announced the launch of BBSI U, an online learning management system that affords BBSI clients and their employees access to a dedicated training platform. The BBSI U learning catalog was developed to accommodate all learning styles, reinforcing long-term adoption and behavior changes across teams. The courses focus on engaging employees in various ways, including interactive online courses, videos, and brief or comprehensive courses. The catalog also provides learning opportunities in English and Spanish to meet the diverse needs of all BBSI clients and partners. The launch of BBSI U represents an expansion of BBSI’s unique service offering, which supports its clients’ growth and compliance. This new online platform includes curated content packages focused on critical compliance areas and skills necessary to support the payroll, risk and safety, and HR functions of any business, as well as the leadership and professional skill development of employees. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$2.48 (vs US$1.98 in 3Q 2021) Third quarter 2022 results: EPS: US$2.48 (up from US$1.98 in 3Q 2021). Revenue: US$273.8m (up 11% from 3Q 2021). Net income: US$17.4m (up 17% from 3Q 2021). Profit margin: 6.4% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Nov 03
Barrett Business Services, Inc. Declares Quarterly Dividend, Payable on December 2, 2022 Barrett Business Services, Inc. announced that Board of Directors has declared a regular quarterly cash dividend of $0.30 per share. The dividend is payable on December 2, 2022 to all stockholders of record as of November 18, 2022. Announcement • Oct 20
Barrett Business Services, Inc. to Report Q3, 2022 Results on Nov 02, 2022 Barrett Business Services, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022 Announcement • Sep 20
Barrett Business Services, Inc. Appoints Joseph S. Clabby to Its Board of Directors Barrett Business Services, Inc. appointed Joseph S. Clabby as a director effective September 16. His appointment expands the board to nine members.Mr. Clabby recently retired from Chubb Limited. He spent over twenty years with ACE Limited and then Chubb following its merger with ACE in a number of senior executive positions, including board roles at several affiliated companies. Prior to ACE and Chubb, Mr. Clabby held underwriting, broker and executive roles with leading insurance and reinsurance organizations including Alexander & Alexander, Willis Group and Swiss Re. Recent Insider Transactions • Aug 17
Independent Director recently sold €234k worth of stock On the 12th of August, Jon Justesen sold around 3k shares on-market at roughly €82.35 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €285k more than they bought in the last 12 months. Upcoming Dividend • Aug 11
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$2.52 (vs US$2.26 in 2Q 2021) Second quarter 2022 results: EPS: US$2.52 (up from US$2.26 in 2Q 2021). Revenue: US$262.2m (up 12% from 2Q 2021). Net income: US$18.0m (up 5.4% from 2Q 2021). Profit margin: 6.9% (down from 7.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.8%, compared to a 8.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 04
Barrett Business Services, Inc. Declares Regular Quarterly Cash Dividend, Payable on September 2, 2022 Barrett Business Services, Inc. of directors has confirmed its regular quarterly cash dividend of $0.30 per share. The cash dividend will be paid on September 2, 2022, to all stockholders of record as of August 19, 2022. Announcement • Jul 21
Barrett Business Services, Inc. to Report Q2, 2022 Results on Aug 03, 2022 Barrett Business Services, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2022 Recent Insider Transactions • May 27
President recently bought €66k worth of stock On the 20th of May, Gary Kramer bought around 1k shares on-market at roughly €66.48 per share. This was the largest purchase by an insider in the last 3 months. This was Gary's only on-market trade for the last 12 months. Upcoming Dividend • May 12
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (2.5%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.039 (vs US$0.60 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.039 (up from US$0.60 loss in 1Q 2021). Revenue: US$246.4m (up 13% from 1Q 2021). Net income: US$288.0k (up US$4.84m from 1Q 2021). Profit margin: 0.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 05
Barrett Business Services, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 3, 2022 Barrett Business Services, Inc.'s board of directors has confirmed its regular quarterly cash dividend of $0.30 per share. The cash dividend will be paid on June 3, 2022, to all stockholders of record as of May 20, 2022. Announcement • Apr 23
Barrett Business Services, Inc., Annual General Meeting, Jun 07, 2022 Barrett Business Services, Inc., Annual General Meeting, Jun 07, 2022, at 13:00 Pacific Standard Time. Agenda: To approve election of eight directors; to approve advisory vote to approve executive compensation; to consider ratification of the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2022; and to consider the transaction of any other business that may properly come before the Annual Meeting and any postponement or adjournment thereof. Announcement • Apr 22
Barrett Business Services, Inc. to Report Q1, 2022 Results on May 04, 2022 Barrett Business Services, Inc. announced that they will report Q1, 2022 results on May 04, 2022 Upcoming Dividend • Mar 10
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 27% share price gain to €66.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Professional Services industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.73 per share. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.05 (up from US$4.46 in FY 2020). Revenue: US$955.2m (up 8.4% from FY 2020). Net income: US$38.1m (up 13% from FY 2020). Profit margin: 4.0% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.5%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 17
Barrett Business Services, Inc. to Report Q4, 2021 Results on Mar 02, 2022 Barrett Business Services, Inc. announced that they will report Q4, 2021 results on Mar 02, 2022 Recent Insider Transactions • Dec 18
Independent Director recently bought €88k worth of stock On the 17th of December, Vincent Price bought around 2k shares on-market at roughly €58.76 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €228k more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 25
Independent Director recently sold €99k worth of stock On the 22nd of November, Jon Justesen sold around 1k shares on-market at roughly €67.92 per share. In the last 3 months, there was an even bigger sale from another insider worth €129k. Insiders have been net sellers, collectively disposing of €317k more than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.98 (vs US$2.42 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$247.0m (up 8.5% from 3Q 2020). Net income: US$14.9m (down 19% from 3Q 2020). Profit margin: 6.0% (down from 8.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.98 (vs US$2.42 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$247.0m (up 8.5% from 3Q 2020). Net income: US$14.9m (down 19% from 3Q 2020). Profit margin: 6.0% (down from 8.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 02
Independent Chairman of the Board recently sold €129k worth of stock On the 30th of August, Anthony Meeker sold around 2k shares on-market at roughly €64.55 per share. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 03 September 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$2.26 (vs US$1.52 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$233.2m (up 16% from 2Q 2020). Net income: US$17.1m (up 49% from 2Q 2020). Profit margin: 7.3% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.