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BBSI Reports Third Quarter 2013 Financial Results

MarketWatch (10/29/13)

Barrett Business Services Inc. reported gross revenue of $764.1 million, mostly from its professional employer services business, up 37% from $558 million in the third quarter of 2012. Net revenues were $148 million in the third quarter of 2013, up 33% from $111.1 million in the year-ago period.

The company also reported net income of $9 million, up 55% from $5.8 million during the same period last year. By segment, the company reported revenue of $722.4 million for professional employer services, up 38% from $521.8 million, and $41.7 million for staffing services, up 15% from $36.2 million.