TrueBlue

TrueBlue, Inc. engages in the provision of staffing, recruitment process outsourcing and managed service provider solutions. It operates through the following segments: PeopleReady, PeopleManagement and PeopleScout. The PeopleReady segment offers staffing solutions for blue-collar, contingent on-demand and skilled labor to a broad range of industries that include retail, manufacturing, warehousing, logistics, energy, construction, hospitality and others. The PeopleManagement segment supplies contingent labor and outsourced industrial workforce solutions. The PeopleScout segment covers the provision of permanent employee recruitment process outsourcing for its customers for all major industries and jobs. The company was founded by John Ross Coghlan and Glenn Welstad in 1989 and is headquartered in Tacoma, WA.

Earnings data Q1 2021

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Earnings data Q4 2024

TrueBlue reports revenue decline in Q4 2022, focuses on digital transformation

TrueBlue navigates uncertain economic conditions with a focus on digital transformation and operational efficiency.
Revenue declines in Q4 2022 are expected to continue into Q1 2023, with challenges in PeopleScout and PeopleReady segments.
The company remains resilient, leveraging strengths in digital strategies, flexible staffing models, and maintaining client connections.
Opportunities lie in enhancing RPO business, digital strategies, and capitalizing on positive bill pay spreads in a tight labor market.

TrueBlue reports Q1 revenue decline, eyes renewables for growth

TrueBlue's Q1 2023 performance reflects revenue declines across segments but maintains a strong balance sheet and strategic focus on digitalization and renewables for growth.
Challenges include anticipated revenue declines in Q2, maintaining profitability amidst cost pressures, and sustaining growth momentum in key business segments.
Opportunities lie in the digitization strategy, renewables sector growth, strategic capital allocation, and market positioning for economic recovery and industry demand.
Overall, TrueBlue's resilience, strategic initiatives, and leadership appointments position the company to navigate challenges and capitalize on growth opportunities in evolving market dynamics.

TrueBlue reports Q2 revenue decline, focuses on growth strategies

TrueBlue faces challenges from softening demand and economic uncertainty, leading to a 16% revenue decline in Q2 2023.
Despite revenue decreases across segments, the company maintains a strong balance sheet and is focused on cost savings and growth strategies.
Opportunities lie in expanding into recession-resistant industries, maintaining pricing discipline, and optimizing margin preservation strategies.

TrueBlue reports Q3 revenue decline but sees growth opportunities ahead

TrueBlue faced revenue decline and profitability challenges but showed resilience with a 3% revenue increase compared to the same quarter last year.
Strategic focus on high-growth areas, financial stability, and ongoing improvements in digital capabilities are key strengths for the company.
Opportunities lie in rebounding free cash flow, incremental revenue in the fourth quarter, and disciplined planning for future growth and operational efficiency.

TrueBlue reports Q4 revenue decline, focuses on digital transformation

TrueBlue's Q4 2023 performance reflects revenue declines and a net loss, driven by economic uncertainties impacting hiring trends. Despite challenges, the company maintains a strong balance sheet and focuses on short-term workforce solutions and digital transformation initiatives.
Strategic priorities include simplifying the organizational structure, enhancing profitability, and expanding into high-growth markets like renewable energy and skilled trades. TrueBlue anticipates further revenue declines in Q1 2024 but aims to manage costs and improve profitability throughout the year.
Opportunities lie in revenue diversification through market expansion, digital transformation initiatives, and strategic investments. The company's financial strength, operational focus, and adaptability position TrueBlue for long-term growth and competitive advantage in evolving market conditions.

TrueBlue navigates revenue decline with agility and strategic focus

TrueBlue's Q1 performance reflected revenue decline but showcased resilience in managing through market challenges with agility and client focus.
Despite facing revenue and margin pressures in certain segments, the company's strategic priorities and strong balance sheet provide a foundation for future growth and success.
Opportunities lie in digital transformation, expansion in high-growth markets, and margin improvement, supported by a $10 million COVID-19 subsidy benefit and financial flexibility for growth.

TrueBlue reports Q2 revenue decline, focuses on digital transformation

TrueBlue faced revenue declines and a net loss in Q2 2024 due to economic uncertainties, prompting cost actions and organizational realignment.
Despite challenges, progress in digital transformation, expansion in high-growth markets, and cost optimization efforts were notable strengths.
The company aims to navigate the revenue decline in Q3 through disciplined cost management and focus on enhancing profitability strategies.

TrueBlue reports Q3 revenue decline, eyes growth amid market challenges

TrueBlue navigated challenging market conditions in Q3 2024 with a revenue decline but remains strategically positioned for future growth.
The company's focus on digital transformation, flexibility, and cost management sets the stage for enhanced profitability and market readiness.
Despite revenue declines and a net loss, TrueBlue's commitment to strategic priorities and long-term value creation bodes well for future performance.
Opportunities for growth lie in expanding relationships, high-growth markets, and leveraging digital tools for customer and associate engagement.

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All Three TrueBlue Businesses Recognized for the Fourth Consecutive Year TACOMA, Wash. , March 21, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that its PeopleReady, PeopleScout and PeopleManagement brands have all earned the 2024 Top Workplaces USA award based on feedback from employees.

TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named to the Top Workplaces USA List

Taryn Owen Named to SIA's North America Staffing 100 List for Eighth Consecutive Year TACOMA, Wash. , March 11, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, is pleased to announce that TrueBlue President and CEO Taryn Owen has been named to the Staffing Industry Analysts' (SIA) 2024 Staffing 100 North America list.

TrueBlue President and CEO Recognized by Staffing Industry Analysts for Influential Leadership

TACOMA, Wash. , March 6, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, and Centerline Drivers, a TrueBlue company and the nation's most experienced, reliable and respected partner in the transportation business, are proud to announce the winner of the second annual Drive It Forward Scholarship.

TrueBlue's Centerline Drivers Announces Drive It Forward Scholarship Winner

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that it has closed on the previously announced sale of PeopleReady's Canadian Staffing Business to Vertical Staffing Resources. Financial terms of the transaction were not disclosed. TrueBlue will continue to serve Canada through its Staff Management | SMX and PeopleScout brands. About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions.

TrueBlue Completes Previously Announced Sale of PeopleReady's Canadian Staffing Business

Applied Industrial Technologies

Air Lease

Arch Resources

Calix

Deckers Outdoor

Magnolia Oil & Gas Corp

Medical Properties Trust

Oil States International

S&P Global

Whirlpool

NEW YORK , March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.

Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

TrueBlue, Inc. (TBI) Q4 2023 Earnings Call Transcript

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its fourth quarter and full-year results for 2023. Fourth Quarter 2023 Financial Highlights Revenue decreased 12 percent to $492 million compared to prior year period Fiscal fourth quarter consisted of 14 weeks versus 13 weeks in the fiscal fourth quarter of 2022 Revenue decreased 15 percent on a comparable 13-week basis Net loss of $3 million Adjusted EBITDA1 of $5 million and adjusted net income of $3 million Zero debt, cash.

TrueBlue Reports Fourth Quarter and Full-Year 2023 Results

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that it has reached a definitive agreement to sell its PeopleReady Canadian staffing business to Vertical Staffing Resources. Financial terms of the transaction were not disclosed. The transaction is expected to close in the first quarter, subject to customary closing conditions. “This sale allows us to most effectively leverage our resources to maximize value and further.

TrueBlue Announces Sale of PeopleReady's Canadian Staffing Business

Heidrick & Struggles International

Korn/Ferry Int.

Staffing firms like KornFerry International (KFY), Heidrick & Struggles International, Inc. (HSII) and TrueBlue, Inc. (TBI) are poised to gain from the steady job additions to the economy.

3 Staffing Stocks in Focus as Job Market Remains Resilient

Clients recognize brands for excellence in client service three years in a row TACOMA, Wash. , Feb. 6, 2024 /PRNewswire/ -- TrueBlue's (NYSE: TBI) PeopleManagement is pleased to announce that its three brands — Staff Management | SMX, SIMOS Solutions and Centerline Drivers — have been recognized by the ClearlyRated 2024 Best of Staffing Awards for superior service to customers.

TrueBlue's PeopleManagement Brands Receive ClearlyRated 2024 Best of Staffing Award

Cross Country Healthcare

HireQuest Inc

Keep an eye on staffing stocks like Cross Country Healthcare (CCRN), HireQuest (HQI), Heidrick & Struggles International (HSII), KornFerry International (KFY) and TrueBlue (TBI), banking on solid January jobs growth.

5 Staffing Stocks to Gain as Labor Market Remains Hot

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release fourth quarter and full-year 2023 earnings results after the market close on Wednesday, Feb. 21, 2024. Management will discuss the results on a webcast at 2:00 p.m. PT (5:00 p.m. ET) on Wednesday, Feb. 21, 2024. The webcast and a presentation of financial information will be available on TrueBlue's website: www.trueblue.com. An audio replay will be available on the Company's website for a period of six months following the call.

TrueBlue to Announce Fourth Quarter and Full-Year 2023 Results

TACOMA, Wash. , Jan. 25, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, is pleased to announce that four of its leaders have been named to the HRO Today 2023 HR Superstars list, which recognizes individuals who are driving the industry forward with innovation.

HRO Today Names Four TrueBlue Leaders as Innovative HR Superstars

Study reveals 90 percent of HR leaders believe that half of their workforce will need to be reskilled in the next five years CHICAGO ,  Jan. 23, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced the results of a comprehensive study from leading recruitment process outsourcing provider PeopleScout, a TrueBlue company, and Spotted Zebra, an award-winning HR tech company. The study's findings demonstrate the surprising conclusion that nine out of 10 HR leaders believe that up to 50 percent of their workforce w  ill need to be reskilled in the next five years, with only seven percent reporting an active investment in their reskilling programs.

Time is Running Out to Close the Widening Skills Gap, Reveals New Research from TrueBlue's PeopleScout in Partnership with Spotted Zebra

TACOMA, Wash. , Dec. 19, 2023 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, is pleased to announce that TrueBlue President and CEO Taryn Owen and PeopleReady President Kristy Willis have been recognized for their impactful leadership in the staffing industry.

TrueBlue Recognized for Women in Leadership

TACOMA, Wash. , Nov. 30, 2023 /PRNewswire/ -- TrueBlue, a leading provider of specialized workforce solutions, today announced that PeopleReady, a TrueBlue company (NYSE: TBI), has been recognized with two awards from the International Awards Associate (IAA) for its groundbreaking JobStack app.

TrueBlue's PeopleReady Earns Dual Awards for Innovative JobStack App

The staffing giant earns recognition from the American Staffing Association for its commitment to upskilling workers TACOMA, Wash. , Nov. 16, 2023 /PRNewswire/ -- With the skilled trades worker shortage expected to remain a long-term challenge for the U.S. economy, it is increasingly critical to attract workers to careers in the skilled trades.

TrueBlue's PeopleReady Helps Develop the Next Generation of Skilled Tradespeople with Workforce Development Program

TACOMA, Wash. , Nov. 10, 2023 /PRNewswire/ -- TrueBlue, a leading provider of specialized workforce solutions, today announced that Centerline Drivers, a TrueBlue company (NYSE: TBI), has launched a new Veterans apprenticeship program through a partnership with FastPort.

TrueBlue's Centerline Drivers Launches Veterans Apprenticeship Program Partnership

TACOMA, Wash. , Nov. 1, 2023 /PRNewswire/ -- TrueBlue, a leading provider of specialized workforce solutions, announced today that it has joined the United Nations (UN) Global Compact, the largest voluntary corporate sustainability initiative in the world.

TrueBlue Joins the United Nations Global Compact

TrueBlue, Inc. (NYSE:TBI ) Q3 2023 Earnings Conference Call October 23, 2023 5:30 PM ET Company Participants Derrek Gafford - EVP & CFO Taryn Owen - President & CEO Conference Call Participants Jeffrey Silber - BMO Capital Markets Kartik Mehta - Northcoast Research Marc Riddick - Sidoti Mark Marcon - Baird Operator Greetings, and welcome to TrueBlue Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

TrueBlue, Inc. (TBI) Q3 2023 Earnings Call Transcript

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its third quarter results for 2023. Third quarter revenue was $473 million, a decrease of 18 percent compared to revenue of $576 million in the third quarter of 2022. Net loss per diluted share was $0.00 compared to net income per diluted share of $0.63 in the third quarter of 2022. Third quarter adjusted net income1 per diluted share was $0.16 compared to adjusted net income per diluted share of $0.74 in the third quarter of 2.

TrueBlue Reports Third Quarter 2023 Results

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that Greg Netolicky has joined the company as Chief People Officer reporting directly to President and Chief Executive Officer, Taryn Owen. Netolicky has more than 20 years of experience across all aspects of human resources, spanning Fortune 500 and privately held organizations. Most recently, he served as the Chief Human Resources Officer for Rite-Hite Holding Company,.

TrueBlue Announces Greg Netolicky as Chief People Officer

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that Carl R. Schweihs has been promoted to Chief Financial Officer from his position as President & COO of TrueBlue's PeopleManagement division effective October 30, 2023. Schweihs will succeed Derrek Gafford who, after nearly two decades as CFO, is leaving to pursue other opportunities. To ensure a smooth transition, Gafford will serve in an advisory capacity through.

TrueBlue Promotes Carl R. Schweihs to Chief Financial Officer

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release third quarter 2023 earnings results after the market close on Monday, Oct. 23, 2023. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Oct. 23, 2023. The webcast and a presentation of financial information will be available on TrueBlue's web site: www.trueblue.com. About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve busines.

TrueBlue to Announce Third Quarter 2023 Results

Tom Hodgins promoted to Senior Vice President of PeopleReady Field Operations; Kim Hans promoted to Senior Vice President of PeopleReady Service Excellence TACOMA, Wash., Sept. 28, 2023 /PRNewswire/ -- PeopleReady, a TrueBlue company (NYSE: TBI), announced two key senior leadership appointments that will further accelerate the staffing giant's performance, efficiency and innovation.

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