Mon, Mar 3, 11:03 AM (49 days ago)
**Barrett Business Services, Inc. (BBSI) 10-K/A Summary** Barrett Business Services, Inc. (BBSI) filed an amendment to its 10-K for the fiscal year ending December 31, 2024, primarily to correct the signature on the Independent Registered Public Accounting Firm's report. No financial results were amended. For FY 2024, BBSI reported revenues of $1,144,531,000, up from $1,069,307,000 in 2023, with net income rising to $52,993,000 from $50,612,000. Operating expenses increased to $185,869,000, reflecting strategic investments in operations. Earnings per share (EPS) rose to $2.03, adjusted for a four-for-one stock split. The company maintains a strong financial position with total assets of $745,508,000 and a market capitalization of $825,395,030 as of June 30, 2024. Key risks include fluctuations in workers' compensation claims, which totaled $128,446,000 in liabilities. The outlook remains positive, supported by a robust management platform for small and mid-sized businesses. The company continues to focus on strategic initiatives, including stock repurchases and enhancing its insurance programs. This amendment does not alter prior disclosures regarding financial performance or risk factors.