November 03, 2023
Barrett Enterprise Companies Inc. (NASDAQ: BBSI) reported Nov. 2 that third-quarter income edged down 0.2% yr over yr to $273.3 million. The Vancouver, Washington-based firm additionally reported income in its momentary staffing companies income fell 25.1% resulting from decrease demand for staffing companies and continued tight labor market circumstances. Nevertheless, income in its skilled employer group enterprise rose 2.8%.
“We continued to generate robust outcomes from our increasing consumer base and the continued rollout of BBSI Advantages,” BBSI President and CEO Gary Kramer mentioned in a press assertion. “I’m happy with the success we’ve had including web new purchasers as we’ve continued to expertise outcomes from our investments in advertising and marketing and new product choices.”
Share value
Shares in Barrett closed down 5.61% on Nov. 2 to $95.01; they had been 5.79% beneath their 52-week excessive, in response to FT.com.
