Barrett Business Services publishes Q3 2026 earnings call transcript
BBSI•Barrett Business Services cut its full-year average worksite employee growth guidance to 1%-2% from 2%-3%. Third-quarter diluted earnings fell to $0.69 per share from $0.79, while gross billings rose 3.2% to $2.4 billion.
1. Guidance and results
Management cited continued softness in client hiring for the lower worksite employee growth outlook. Gross margin is now expected near the lower end of the unchanged 2.7%-2.75% range, reflecting fewer favorable workers’ compensation adjustments. Full-year gross billings growth guidance remained at 3%-4%, and October submissions for January 1, 2027, transactions rose approximately 55% year over year.
