diff --git a/.gitignore b/.gitignore
index 8c85227..f2a67fe 100644
--- a/.gitignore
+++ b/.gitignore
@@ -10,4 +10,5 @@
 /.cache/
 /.vscode/
 
-MODULE.bazel
+/MODULE.bazel
+/MODULE.bazel.lock
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 286abe9..0aa5d8b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+# 0.3.1
+
+* Added threading library:
+* Added `PeriodicThread`: Runs a function periodically in its own thread.
+
 # 0.3
 
 * Add llvm/clang which can be triggered with `bazel ... --config=clang`.
diff --git a/README.md b/README.md
index 3509014..312fac4 100644
--- a/README.md
+++ b/README.md
@@ -90,6 +90,10 @@ The C++ library is organized in functional groups each residing in their own dir
         * gMock-matcher `IsOkAndHolds`: Tests an absl::StatusOr for absl::OkStatus and contents.
         * gMock-Matcher `StatusIs`: Tests an absl::Status or absl::StatusOr against a specific status code and message.
         * macro `MBO_ASSERT_OK_AND_ASSIGN`: Simplifies testing with functions that return `absl::StatusOr<T>`.
+* Threading
+    * `namespace mbo::thread`
+    * mbo/thread:periodic_thread_cc, mbo/thread/periodic_thread.h
+        * class `PeriodicThread`: Runs a function periodically in its own thread.
 * Types
     * `namespace mbo::types`
     * mbo/types:cases_cc, mbo/types/cases.h
diff --git a/mbo/thread/BUILD.bazel b/mbo/thread/BUILD.bazel
new file mode 100644
index 0000000..e812286
--- /dev/null
+++ b/mbo/thread/BUILD.bazel
@@ -0,0 +1,23 @@
+package(default_visibility = ["//visibility:private"])
+
+cc_library(
+  name = "periodic_thread_cc",
+  srcs = ["periodic_thread.cc"],
+  hdrs = ["periodic_thread.h"],
+  deps = [
+    "@com_google_absl//absl/base:core_headers",
+    "@com_google_absl//absl/synchronization",
+    "@com_google_absl//absl/time",
+  ],
+)
+
+
+cc_binary(
+  name = "periodic",
+  srcs = ["periodic_main.cc"],
+  deps = [
+    ":periodic_thread_cc",
+    "@com_google_absl//absl/strings:str_format",
+    "@com_google_absl//absl/time",
+  ],
+)
\ No newline at end of file
diff --git a/mbo/thread/periodic_main.cc b/mbo/thread/periodic_main.cc
new file mode 100644
index 0000000..47f42d3
--- /dev/null
+++ b/mbo/thread/periodic_main.cc
@@ -0,0 +1,63 @@
+// Copyright 2024 M. Boerger (helly25.com)
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+#include <atomic>
+#include <cstdint>
+
+#include "absl/strings/str_format.h"
+#include "absl/time/time.h"
+#include "mbo/thread/periodic_thread.h"
+
+void Test() {
+  static constexpr uint64_t kMaxCycle = 9'999;
+  static constexpr absl::Duration kInterval = absl::Milliseconds(100);
+  absl::Time start;
+  absl::Duration total_correction;
+  std::atomic_size_t cycle = 0;
+  mbo::thread::PeriodicThread periodic_thread({
+      .interval = kInterval,
+      .initial_wait = kInterval,
+      .func =
+          [&] {
+            const absl::Time now = absl::Now();
+            if (cycle == 0) {
+              start = now;
+              const std::string time = absl::FormatTime("%Y-%m-%d at %H:%M:%E6S", start, absl::LocalTimeZone());
+              absl::PrintF("[%04d]: %s %13s  %12s %13s %12s\n", cycle, time, "duration", "average", "correction", "avg-corr");
+            } else {
+              const std::size_t this_cycle = cycle;
+              const absl::Duration dur = now - start;
+              const absl::Duration avg = dur / this_cycle;
+              const double dur_sec = absl::ToDoubleSeconds(dur);
+              const double avg_sec = absl::ToDoubleSeconds(avg);
+              const absl::Duration correction = avg - kInterval;
+              total_correction += correction;
+              const std::string time_str = absl::FormatTime("%Y-%m-%d at %H:%M:%E6S", now, absl::LocalTimeZone());
+              const std::string corr_str = absl::FormatDuration(correction);
+              const std::string avg_corr_str = absl::FormatDuration(total_correction / this_cycle);
+              absl::PrintF(
+                  "[%04d]: %s %+13.6f  ~%11.9f %13s %12s\n", this_cycle, time_str, dur_sec, avg_sec, corr_str,
+                  avg_corr_str);
+            }
+            return ++cycle <= kMaxCycle;
+          },
+  });
+  periodic_thread.Join();
+}
+
+int main() {
+  Test();
+  absl::PrintF("All done!\n");
+  return 0;
+}
diff --git a/mbo/thread/periodic_thread.cc b/mbo/thread/periodic_thread.cc
new file mode 100644
index 0000000..42d8d1d
--- /dev/null
+++ b/mbo/thread/periodic_thread.cc
@@ -0,0 +1,90 @@
+// Copyright 2024 M. Boerger (helly25.com)
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+#include "mbo/thread/periodic_thread.h"
+
+#include <atomic>
+#include <thread>
+
+#include "absl/synchronization/mutex.h"
+#include "absl/time/time.h"
+
+namespace mbo::thread {
+
+PeriodicThread::~PeriodicThread() noexcept {
+  stop_ = true;
+  Join();
+}
+
+PeriodicThread::PeriodicThread(Options options) noexcept : options_(std::move(options)), thread_([this] { Run(); }) {}
+
+bool PeriodicThread::IsDone() const {
+  absl::MutexLock lock(&mx_);
+  return done_;
+}
+
+void PeriodicThread::Join() const {
+  {
+    absl::MutexLock lock(&mx_);
+    mx_.Await(absl::Condition(&done_));
+  }
+  if (thread_.joinable()) {
+    thread_.join();
+  }
+}
+
+void PeriodicThread::Run() {
+  running_ = true;
+  if (options_.initial_wait > absl::ZeroDuration()) {
+    absl::SleepFor(options_.initial_wait);
+  }
+  std::size_t cycle = 0;
+  absl::Time begin = absl::Now();
+  absl::Time start = begin;
+  absl::Duration adjust = absl::ZeroDuration();
+  while (!stop_) {
+    if (!options_.func() || stop_) {
+      break;
+    }
+    ++cycle;
+    const absl::Time end = absl::Now();
+    const absl::Duration took = end - start + adjust;
+    absl::Duration sleep = options_.interval >= took ? options_.interval - took : options_.min_interval;
+    absl::SleepFor(sleep);
+    start = absl::Now();
+    // We adjust based on average divergence as well as the most recent runtime.
+    // This allows for small overcorrections over time as well as handling inconsistent runtime of actual function.
+    // Adjusting the average too little may result in an inability to keep to the intended interval time. Values in the
+    // low percentages (1.01..1.1) appear to be working.
+    // Adjusting the recent run strongly (e.g. >1) only works if callback runtimes are steady. Smaller values are
+    // better at dealing with inconsisten runtimes, even for very small inconsistencies. Setting the value to 1 appears
+    // to be a good compromise.
+    // This is not configurable in the `Options` for now as that prevent using better algorithms later.
+    static constexpr double kAdjustAverage = 1.05;
+    static constexpr double kAdjustRecent = 1;
+    adjust = kAdjustAverage * ((start - begin) / cycle - options_.interval) + kAdjustRecent * ((start - end) - sleep);
+    static constexpr std::size_t kMaxCycleAdjustWindow = 1000;
+    if (cycle % kMaxCycleAdjustWindow == 0) {
+      // We actually reset the cycle to 0 as we otherwise would need to handle cycle overrun in the next window
+      // `max(size_t) - cycle < kMaxCycleAdjustWindow`. Further we would need to use a modulo operation for cycle when
+      // computing the adjustment (`cycle % (kMaxCycleAdjustWindow + 1)`).
+      cycle = 0;
+      begin = start;
+    }
+  }
+  absl::MutexLock lock(&mx_);
+  done_ = true;
+}
+
+}  // namespace mbo::thread
diff --git a/mbo/thread/periodic_thread.h b/mbo/thread/periodic_thread.h
new file mode 100644
index 0000000..2eef1f0
--- /dev/null
+++ b/mbo/thread/periodic_thread.h
@@ -0,0 +1,82 @@
+// Copyright 2024 M. Boerger (helly25.com)
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+#include <atomic>
+#include <thread>
+
+#include "absl/base/thread_annotations.h"
+#include "absl/synchronization/mutex.h"
+#include "absl/time/time.h"
+
+namespace mbo::thread {
+
+// The `PeriodicThread` runs a function periodically in its own thread.
+//
+// The implementation uses simple heuristics to adjust to the intended interval over time using a
+// sliding window. This allows for inconsistent function run times to eventually lead to closely
+// following the interval on average. The implementation may still not be able to respect the
+// interval correctly, even over longer periods of time. However, the divergence from the intended
+// interval should be very small (high accuracy). Use binary `//mbo/thread:periodic` to determine
+// the accuracy for actual machines.
+//
+// The advantage of 'allowing' the imperfect interval handling is that the management has a low cost
+// and thus the most real time can be spent sleeping.
+//
+// The `PeriodicThread`:
+// * Automatically stops if the function returns `false`.
+// * Automatically starts on creation, but an `initial_wait` time can be configured.
+// * Cannot be restarted.
+// * Can be stopped, but may have to sleep for a full interval time before actually stopping.
+// * The destructor will wait for the thread to stop if it is running.
+// * The behavior is undefined if the function runtime exceeds the interval (or does not allow time
+//   for interval management).
+class PeriodicThread {
+ public:
+  struct Options {
+    absl::Duration interval;
+    absl::Duration min_interval = absl::Milliseconds(1);
+    absl::Duration initial_wait = absl::ZeroDuration();
+    std::function<bool()> func;  // Return `true` for continue, `false` for stop.
+  };
+
+  ~PeriodicThread() noexcept;
+  explicit PeriodicThread(Options options) noexcept;
+
+  PeriodicThread(const PeriodicThread&) = delete;
+  PeriodicThread& operator=(const PeriodicThread&) = delete;
+  PeriodicThread(PeriodicThread&& other) = delete;
+  PeriodicThread& operator=(PeriodicThread&&) = delete;
+
+  void Stop() { stop_ = true; }
+
+  bool IsStopping() const { return stop_; }
+
+  bool IsRunning() const { return running_; }
+
+  bool IsDone() const;
+
+  void Join() const;
+
+ private:
+  void Run();
+
+  const Options options_;
+  mutable absl::Mutex mx_;
+  std::atomic_bool stop_ = false;
+  std::atomic_bool running_ = false;
+  bool done_ ABSL_GUARDED_BY(mx_) = false;
+  mutable std::thread thread_;
+};
+
+}  // namespace mbo::thread
\ No newline at end of file