Benzinga | May 5, 2021 04:46PM EDT

Barrett Business Services Sees Gross Billings Growth Of 5%-7%

Outlook

In light of the strong performance in the quarter, BBSI is revising its outlook for the year and now expects the following:

* Gross billings growth of 5% to 7%, increased from 2% to 5% in the prior outlook

* Growth in the average number of WSEs of 2% to 4%, increased from 1% to 3%

* Outlook for gross margin as a percent of gross billings remains 2.9% to 3.1% Effective annual tax rate remains 21% to 23%