Barrett Business Services (BBSI) Q2 FY26 earnings call

BBSI delivered strong new business acquisition and client retention in Q2 FY26, demonstrating effective go-to-market strategies and product investments. However, overall growth was tempered by ongoing macroeconomic uncertainty leading to existing client workforce reductions, particularly in the construction sector. The company anticipates a moderation in the rate of decline in the back half of the year due to easier year-over-year comparisons, while also navigating an inflection point in the California workers' compensation market with favorable rate increases expected to drive margin improvem