Barrett Business Services posts transcript of Q2 2026 earnings call

Barrett Business Services released the transcript of its Q2 2026 earnings call attended by President and CEO Gary Kramer and CFO Anthony Harris.

• Management narrowed full-year guidance: gross billings growth seen at 3%-4%, average worksite employee growth at 2%-3%, and gross margin at 2.7%-2.75%.
• Q2 gross billings rose 2.6% to $2.29 billion; diluted EPS fell to $0.52 from $0.70; staffing revenue dropped 18% to $14 million.
• California workers’ comp pricing rose for an eighth straight month; 2026 is expected to be the gross-margin low point, with improvement targeted in 2027.
• Q2 included $15 million of share repurchases at $30.92 per share; unrestricted cash and investments totaled $68 million with no debt.