BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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44

Barrett Business Services (BBSI)

Barrett has found a market turning employers' pain into its gain. The Vancouver (Wash.) company works as a "professional employer organization," managing critical human resources functions for clients such as payroll processing and benefits management. But the real key is its handling of workers compensation. That's important, because in states such as California, many employers complain that it's too costly to care for their own workers' comp programs. As a result, more are turning to Barrett, which can cut their costs. Barrett, founded in 1965, has been run by William Sheretz since 1980. After a loss in 2002, the company posted a sixfold boost in earnings from 2003 to 2005. It has continued its growth spurt this year. The company, which also handles temp staffing, posted 46% earnings growth, to $1.4 million, in the first quarter on sales of $58.3 million, a 19% gain.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

291.9

Sales*
($ Millions)

240.4

Sales Growth
(3-yr. avg. annual)

31.2 %

Profits*
($ Millions)

12.9

Profit Growth
(3-yr. avg. annual)

144.8 %

Return on Inv. Capital (3-yr.)

13.1 %

Share Price
12-Mo. Hi/Lo

29/13

Share Price
As of 4/28/06

26

Return on Equity

14.7 %

P/E Ratio

22

No. of Employees

27,400

Industry Human Resource & Employment Services
CURRENT
MARKET INFO

BBSI >

COMPANY WEB SITE >
Location Vancouver Wash.
Phone 800 828-0700
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Barrett Business Services operates as a human resource management company. The company offers a range of human resource management services that encompasses payroll processing; employee benefits and administration; workers' compensation coverage; risk management and workplace safety programs; and human resource administration, which includes functions such as recruiting, interviewing, drug testing, hiring, placement, training, and regulatory compliance. It also provides staffing services, which include on-demand or short-term staffing assignments, contract staffing, long-term or indefinite-term on-site management, and human resource administration. The company offers its services through a variety of contractual arrangements, as part of either a traditional staffing service or a professional employer organization service. As of Dec. 31, 2004, it operated through a network of 30 branch offices in Washington, Oregon, Idaho, California, Arizona, Maryland, Delaware, and North Carolina. Barrett provides its services to electronics manufacturers, light-manufacturing industries, forest products and agriculture-based companies, transportation and shipping enterprises, food processing, telecommunications, public utilities, general contractors in various construction-related fields, and various professional services firms. The company was incorporated in 1965 and has its headquarters in Portland, Ore.


Data provided by Capital IQ
 
William W. Sherertz

William W. Sherertz, 60

Chairman, Chief Executive Officer and President


Total Compensation*

$ 485,929

Total Options Value*

$ 8,366,012

* Fiscal Year 2005


Executive Bio

William Sherertz has been a director and chief executive of Barrett Business Services since 1980 and also serves as chairman of the board of directors. Sherertz has been president of Barrett Business Services since March, 1993.


Management Team

Key Executives

William W. Sherertz; Michael D. Mulholland; Gregory R. Vaughn; Michael Elich

Board Directors

Jon L. Justesen; Anthony Meeker; William W. Sherertz; Thomas J. Carley; James B. Hicks


Executive Data provided by Capital IQ