Barrett Business reports Q1 EPS (4c), consensus (13c)

Reports Q1 revenue $292.6M, consensus $285.91M. Total gross billings in the first quarter of 2025 increased 9% to $2.09 billion compared to $1.91 billion in the same year-ago quarter. “BBSI delivered a strong start to the year, highlighted by record gross and net WSE additions and continued high client retention,” said Gary Kramer, President and CEO of BBSI. “Our January 1st benefits selling season was our strongest ever, and we’ve seen those favorable trends continue. While the demand environment has become more complex given ongoing macroeconomic uncertainty, we believe BBSI is well suited to navigate these dynamics. Our consistent execution, differentiated service model, and strong client relationships position us to continue driving sustainable growth and long-term value.”