Loading...
•
Jun 30, 2024
BBSI Q2 2024 Earnings Report
Reported strong financial results with a revenue increase and raised quarterly dividend.
Key Takeaways
BBSI reported a 6% increase in revenues to $279.7 million and net income of $16.7 million for Q2 2024. The company raised its quarterly dividend by 7% to $0.08 per share.
Revenues increased by 6% to $279.7 million.
Gross billings increased by 6% to $2.03 billion.
Net income was $16.7 million, or $0.62 per diluted share.
The quarterly dividend was raised by 7% to $0.08 per share.
Revenue by Segment
Forward Guidance
BBSI expects gross billings growth of 6% to 8%, growth in the average number of WSEs of 4% to 5%, gross margin as a percent of gross billings of 3.0% to 3.10%, and an effective annual tax rate of 26% to 27% for 2024.
Positive Outlook
- Gross billings growth of 6% to 8%
- Growth in the average number of WSEs of 4% to 5%
- Gross margin as a percent of gross billings of 3.0% to 3.10%
- Effective annual tax rate to remain at 26% to 27%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...