Barrett Business Services Inc. announced that its board of directors has approved a regular quarterly cash dividend of $0.08 per share. The cash dividend will be paid on December 11, 2009 to all stockholders of record as of November 27, 2009.

Barrett Business Services Inc. reported unaudited and consolidated net income of $2.9 million compared to net income of $650,000 for the third quarter of 2008. Basic and diluted earnings per share for the 2009 third quarter were $0.28, as compared to basic and diluted earnings per share of $0.06 for the same quarter a year ago. During the third quarter of 2009, the company realized a pre-tax gain of $572,000, or approximately $395,000 after tax equating to $0.04 per diluted share, from the sale of certain corporate bonds. The gain is included in other income, net in the Company's results of operations. Net revenues for the third quarter ended September 30, 2009 totaled $65.5 million, a decrease of approximately $12.0 million or 15.5% from the $77.5 million for the same quarter in 2008. For the nine months ended September 30, 2009, the company reported net loss of $6.96 million or $0.67 per basic and diluted share on total revenues of $173.831 million against a net income of $3.99 million or $0.36 per basic and diluted share reported for the nine months of 2008. The company reported loss from operations $12.40 million for the period against income from operations $8.54 million reported for 2008. Loss before taxes was at $11.03 million against income of $6.74 million reported for the nine months ended September 30, 2008. The Company also provided limited financial guidance with respect to its operating results for the fourth quarter ending December 31, 2009. The company expects gross revenues for the fourth quarter of 2009 to range from $265 million to $270 million, as compared to $263.1 million for the fourth quarter of 2008, and anticipates diluted earnings per share for the fourth quarter of 2009 to range from $0.19 to $0.22 per share, as compared to diluted earnings per share of $0.21 for the same period a year ago. A reconciliation of estimated gross revenues to estimated GAAP net revenues for the fourth quarter of 2009 is not included because PEO revenues and cost of PEO revenues for the period are not reasonably estimable.

Barrett Business Services Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).