Barrett Business Services Inc (NAS:BBSI)
$ 44.91 +0.28 (+0.63%) Market Cap: 1.15 Bil Enterprise Value: 1.07 Bil PE Ratio: 23.03 PB Ratio: 5.40 GF Score: 78/100
Back to the Transcripts List

Q1 2025 Barrett Business Services Inc Earnings Call Transcript

May 7, 2025 / 09:00 PM GMT
Release Date Price: $40.77 (-1.47%)

Key Points

Positve
  • Barrett Business Services Inc (BBSI) reported a record start to the year with new client sales and upselling of new products exceeding expectations.
  • Gross billings increased by 9.5% over the prior year's quarter, driven by strong client retention and a 55% increase in worksite employees from new client additions.
  • The company successfully entered new markets with an asset-light model, adding over 600 new worksite employees in the first quarter.
  • BBSI's new health insurance offering, BBSI benefits, gained traction with approximately 3,000 new participants added, and is expected to be accretive to earnings in 2025.
  • The company launched a new applicant tracking system, receiving positive feedback from clients for its efficiency and integration capabilities.
Negative
  • Staffing operations declined by 10% over the prior year quarter, falling below expectations due to a slowdown in March.
  • Macroeconomic headwinds, including supply and demand imbalances, affected performance and varied by geography.
  • Despite strong Q1 results, the company maintained a cautious outlook for the remainder of the year due to economic uncertainties and potential impacts on client hiring.
  • Investment income decreased by approximately $600,000 from the prior year due to lower average interest rates.
  • The company reported a net loss per diluted share of $0.04, compared to a net loss of $0.01 per diluted share in the year-ago quarter, attributed to seasonality and payroll tax expenses.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BBSI.OQ - Barrett Business Services Inc
Q1 2025 Barrett Business Services Inc Earnings Call
May 07, 2025 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good afternoon everyone and thank you for participating in today's conference call to discuss PBSI's financial results for the first quarter year March 31, 2025.

Joining us today are BBSI's President and CEO Mr. Gerry Kramer and the company CFO, Mr. Anthony Harris. Following their remarks, we'll open the call for your questions.

Before we go further, please take note of the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1,995.

The statement provides important cautions regarding forward-looking statements. The company's remarks during today's conference call will include forward-looking statements.

These statements along with
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.