Barrett Business reports Q1 EPS ex-charge (13c), consensus (15c)

Reports Q1 revenue $307.0M, consensus $304.94M. “BBSI delivered first quarter results in line with our expectations, supported by stable margins, benefiting from improved pricing. During the quarter, we also advanced a number of IT initiatives that strengthen our technology platform and position us for long-term growth. While our reported results reflect a non-recurring charge related to a recent U.S. Tax Court decision on prior-year tax credits, our underlying business trends remain consistent. We generated strong client additions during the quarter, partially offset by continued headwinds from client hiring. Accordingly, we are reiterating our full-year expectations,” said Gary Kramer, President and CEO of Barrett Business (BBSI) Services.