Barrett Business Services, Inc. (BBSI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Remarks during today's conference call will include forward looking statements. These statements, along with other information presented that does not reflect historical facts, are subject to a number of risks and uncertainties. Actual results may differ materially from those implied by these forward looking statements. Please refer to the company's recent earnings release and to the company's quarterly and annual reports filed with the Securities and Exchange Commission for more information about the risks and uncertainties that could cause actual results to differ from those expressed or implied by the forward looking statements. I would like to remind everyone that this call will be available for replay through September 5 starting at eight p. M. ET tonight. A webcast replay will also be available via the link provided in today's press release as well as available on the company's website at www.bbsi.com. Now I'd like to turn the call over to the president and chief executive officer of BBSI, Mr. Gary Kramer. Sir, please go ahead. Thank you, and good afternoon, everyone, and thank you for joining the call. We delivered another quarter of top line growth and solid profitability. While revenue came in slightly below our expectations, we added more new business than anticipated. This strong top of the funnel momentum was partially offset by ongoing macro and geopolitical headwinds, which continue to constrain our existing clients' ability to grow their own workforces. Moving to our financial results in worksite employees. During the quarter, our gross billings increased 2.6% over the prior year. While this came in slightly below expectations, our go to market strategies are driving positive momentum at the top of the funnel. Q2 new client acquisitions were up 17% yea...