Detail akcie Barrett Bus Serv online

Business Summary: Barrett Business Services, Inc. is a provider of business management solutions for small and mid-sized companies. It has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It operates a decentralized delivery model using operationally focused business teams, typically located approximately 50 miles from its client companies. It offers two services: professional employer services (PEO) and staffing. Under PEO, it establishes to a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation and benefits coverage (if elected) and certain other administrative functions for the clients existing workforce. The staffing services include on-demand or short-term staffing assignments, contract staffing, direct placement, and long-term or indefinite-term on-site management.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Barrett Business Services Inc revenues increased 5% to $545.4M. Net income decreased 7% to $16.6M. Revenues reflect Professional employer services increase of 6% to $506.1M. Net income was offset by Selling, general and administrative expe increase of 3% to $88M (expense), Depreciation and amortization increase of 11% to $3.8M (expense).