Barrett Business Services ( (BBSI) ) has issued an update.
Barrett Business Services, Inc. (BBSI) showcased strong financial growth in Q3 2024, with a net income of $19.6 million and an 8% rise in revenues to $294.3 million. The company experienced a 9% increase in gross billings, reaching $2.14 billion, driven by new client acquisitions and increased average worksite employees. BBSI’s continued success stems from strategic sales initiatives and high client retention, positioning it for a promising 2025. Investors may find the steady dividend and stock repurchase program appealing as BBSI remains debt-free with solid cash reserves.
See more insights into BBSI stock on TipRanks’ Stock Analysis page.
