Latest news with #BBSI
Yahoo
3 days ago
- Business
- Yahoo
BBSI Appoints Joseph S. Clabby as Chairman of the Board
Anthony Meeker to Continue as Director VANCOUVER, Wash., June 04, 2025 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., today announced that Joseph S. Clabby has been appointed Chairman of the Board of Directors. He succeeds Tony Meeker, who will continue to serve as a member of the board. "On behalf of the board and leadership team, I want to thank Tony for his longstanding service and steady leadership as Chairman," said Clabby. "Tony has served on BBSI's Board since the company went public in 1993, and his contributions have been instrumental to our growth and success. It is an honor to step into this role and help guide BBSI forward as we build on the company's strong foundation and momentum." Meeker added: "Joe has consistently brought strategic insight and sound judgment to the board since joining. His deep industry knowledge and thoughtful leadership make him an excellent choice to serve as Chairman. I look forward to continuing to work with him and the board in support of BBSI's long-term success." 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 (NYSE: CB) 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. About BBSI BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The company's integrated platform is built upon expertise in payroll processing, employee benefits, workers' compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI's partnerships help businesses of all sizes improve the efficiency of their operations. The company works with more than 8,100 PEO clients in all 50 states. For more information, please visit Investor Relations:Gateway Group, Slach Tel 1-949-574-3860 BBSI@
Yahoo
08-05-2025
- Business
- Yahoo
Barrett (NASDAQ:BBSI) Beats Q1 Sales Targets
Business management solutions provider Barrett Business Services (NASDAQ:BBSI) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 10.1% year on year to $292.6 million. Its GAAP loss of $0.04 per share was 68.6% above analysts' consensus estimates. Is now the time to buy Barrett? Find out in our full research report. Barrett (BBSI) Q1 CY2025 Highlights: Revenue: $292.6 million vs analyst estimates of $285.9 million (10.1% year-on-year growth, 2.3% beat) EPS (GAAP): -$0.04 vs analyst estimates of -$0.13 (68.6% beat) Adjusted EBITDA: -$2.21 million vs analyst estimates of -$5.5 million (-0.8% margin, 59.7% beat) Operating Margin: -1.4%, in line with the same quarter last year Market Capitalization: $1.06 billion '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. Company Overview Operating as a professional employer organization (PEO) that serves over 8,000 companies with more than 120,000 worksite employees, Barrett Business Services (NASDAQ:BBSI) provides management solutions that help small and mid-sized businesses handle human resources, payroll, workers' compensation, and other administrative functions. Sales Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. With $1.17 billion in revenue over the past 12 months, Barrett is a small player in the business services space, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and numerous distribution channels. On the bright side, it can grow faster because it has more room to expand. As you can see below, Barrett's sales grew at a decent 5.2% compounded annual growth rate over the last five years. This shows its offerings generated slightly more demand than the average business services company, a helpful starting point for our analysis. Barrett Quarterly Revenue Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. Barrett's annualized revenue growth of 5% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. Barrett Year-On-Year Revenue Growth This quarter, Barrett reported year-on-year revenue growth of 10.1%, and its $292.6 million of revenue exceeded Wall Street's estimates by 2.3%. We also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. This signals Barrett could be a hidden gem because it doesn't get attention from professional brokers.
Washington Post
07-05-2025
- Business
- Washington Post
Barrett: Q1 Earnings Snapshot
VANCOUVER, Wash. — VANCOUVER, Wash. — Barrett Business Services Inc. (BBSI) on Wednesday reported a loss of $1 million in its first quarter. On a per-share basis, the Vancouver, Washington-based company said it had a loss of 4 cents.
Associated Press
30-04-2025
- Business
- Associated Press
Second Annual Cinco de Mayo Festival Returns to Downtown San Jose - A Free Family Event Sponsored by BBSI and Lighthouse of Hope
SAN JOSE, CA - April 30, 2025 ( NEWMEDIAWIRE ) - Get ready to immerse yourself in a vibrant celebration of culture, community, and tradition as the Second Annual Cinco de Mayo Festival returns to Cesar Chavez Plaza on Sunday, May 4th, 2025, from 11:00 AM to 8:00 PM. Located at 1 Paseo de San Antonio, San Jose, CA 95113, this free, family-friendly event brings the spirit of Mexican heritage to the heart of downtown with a day full of lively entertainment and cultural festivities. This year's festival is proudly presented by BBSI (Barrett Business Services, Inc.), a leader in HR and Business Consulting Services, and Lighthouse of Hope, a nonprofit organization dedicated to empowering individuals and families through compassionate support and community outreach. BBSI has been a trusted partner for small- and mid-sized businesses across Silicon Valley, offering expert services in HR consulting, risk management, payroll administration, talent acquisition, and workers' compensation insurance. Their mission goes beyond business strategy - they believe in building strong communities by investing in people and long-term growth. 'At BBSI, we believe strong businesses create strong communities,' said Tim Leets, Area Manager at BBSI San Jose. 'We're not just business consultants - we're partners who invest in people, growth, and sustainability. Supporting events like the Cinco de Mayo Festival reflects our ongoing dedication to celebrating diversity and giving back to the communities we serve.' Joining BBSI in support of this celebration is Lighthouse of Hope, a Bay Area-based nonprofit that strengthens families and communities through counseling, outreach, and wellness programs. Their presence at the festival underscores a commitment to fostering hope, healing, and resilience in underserved communities. 'Lighthouse of Hope believes in the power of unity, culture, and compassion,' said Michelle Grays, Executive Director. 'We're honored to celebrate Cinco de Mayo alongside our community and continue supporting families in their journeys toward health and empowerment.' Celebrate Culture, Community & History Cinco de Mayo commemorates the Battle of Puebla, where Mexican forces achieved an unexpected victory over French troops in 1862. While it's often mistaken for Mexican Independence Day, this holiday actually symbolizes resilience, unity, and pride - making it an ideal occasion for communities to come together and honor shared history. Attendees Can Expect: Whether you're attending for the music, the culture, or the sense of community, the 2025 Cinco de Mayo Festival promises to be an unforgettable experience for attendees of all ages. Event Details: Where: Cesar Chavez Plaza – 1 Paseo de San Antonio, San Jose, CA When: Sunday, May 4, 2025 Time: 11:00 AM – 8:00 PM Admission: FREE For more information about the event, visit
Yahoo
30-04-2025
- Business
- Yahoo
Second Annual Cinco de Mayo Festival Returns to Downtown San Jose - A Free Family Event Sponsored by BBSI and Lighthouse of Hope
SAN JOSE, CA - April 30, 2025 (NEWMEDIAWIRE) - Get ready to immerse yourself in a vibrant celebration of culture, community, and tradition as the Second Annual Cinco de Mayo Festival returns to Cesar Chavez Plaza on Sunday, May 4th, 2025, from 11:00 AM to 8:00 PM. Located at 1 Paseo de San Antonio, San Jose, CA 95113, this free, family-friendly event brings the spirit of Mexican heritage to the heart of downtown with a day full of lively entertainment and cultural festivities. This year's festival is proudly presented by BBSI (Barrett Business Services, Inc.), a leader in HR and Business Consulting Services, and Lighthouse of Hope, a nonprofit organization dedicated to empowering individuals and families through compassionate support and community outreach. BBSI has been a trusted partner for small- and mid-sized businesses across Silicon Valley, offering expert services in HR consulting, risk management, payroll administration, talent acquisition, and workers' compensation insurance. Their mission goes beyond business strategy - they believe in building strong communities by investing in people and long-term growth. "At BBSI, we believe strong businesses create strong communities," said Tim Leets, Area Manager at BBSI San Jose. "We're not just business consultants - we're partners who invest in people, growth, and sustainability. Supporting events like the Cinco de Mayo Festival reflects our ongoing dedication to celebrating diversity and giving back to the communities we serve." Joining BBSI in support of this celebration is Lighthouse of Hope, a Bay Area-based nonprofit that strengthens families and communities through counseling, outreach, and wellness programs. Their presence at the festival underscores a commitment to fostering hope, healing, and resilience in underserved communities. "Lighthouse of Hope believes in the power of unity, culture, and compassion," said Michelle Grays, Executive Director. "We're honored to celebrate Cinco de Mayo alongside our community and continue supporting families in their journeys toward health and empowerment." Celebrate Culture, Community & History Cinco de Mayo commemorates the Battle of Puebla, where Mexican forces achieved an unexpected victory over French troops in 1862. While it's often mistaken for Mexican Independence Day, this holiday actually symbolizes resilience, unity, and pride - making it an ideal occasion for communities to come together and honor shared history. Attendees Can Expect: Live music & cultural performances Traditional folkloric dancers Authentic food vendors Local artisan booths & small businesses Interactive family-friendly activities Community organizations & nonprofits onsite Whether you're attending for the music, the culture, or the sense of community, the 2025 Cinco de Mayo Festival promises to be an unforgettable experience for attendees of all ages. Event Details: Where: Cesar Chavez Plaza 1 Paseo de San Antonio, San Jose, CAWhen: Sunday, May 4, 2025Time: 11:00 AM 8:00 PMAdmission: FREE For more information about the event, visit Sign in to access your portfolio
