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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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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TACOMA, Wash.--(BUSINESS WIRE)--In recognition of creative and design excellence, staffing leader PeopleReady was presented with three 2021 Muse Creative Awards. Singled out in a field of nearly 4,000 entries from around the world, PeopleReady's We Are Ready™ branding refresh and creative efforts earned top honors in the annual international competition hosted by the International Awards Associate (IAA). PeopleReady received a platinum Muse award in the corporate identity category for its brand

PeopleReady Earns Top Honors in 2021 Muse Creative Awards

TACOMA, Wash.--(BUSINESS WIRE)--As people across the U.S. return to in-person work and offices, stores and other businesses reopen, staffing leader PeopleReady says the need to maintain a clean environment is creating a hiring surge and immediate opportunities for job seekers. According to a PeopleReady analysis of job postings, over 160,000 jobs related to keeping workplaces clean have been posted across the U.S. in the last month alone. “As both companies and employees look to resume in-perso

Return to the Office Creates Surge in Cleaning-Related Jobs

TACOMA, Wash.--(BUSINESS WIRE)--In recognition of its innovative advancements and creative efforts in connecting people and work, staffing leader PeopleReady was named the winner of gold, silver and bronze Stevie® Awards in the 19th annual American Business Awards®. The American Business Awards are the U.S.A.'s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. A record n

PeopleReady Earns Gold, Silver and Bronze Stevie® Awards in 2021 American Business Awards®

TACOMA, Wash.--(BUSINESS WIRE)--Taking the international stage, staffing leader PeopleReady was recognized for its We Are Ready™ branding refresh and creative efforts with top honors in the 2021 Hermes Creative Awards. The global awards program, which is administered by the Association of Marketing and Communication Professionals (AMCP) and recognizes outstanding creative work, announced PeopleReady as an early winner from a field of nearly 6,000 expected entries. PeopleReady was honored with a

PeopleReady Named Three-Time Winner in International Hermes Creative Awards

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, TrueBlue (TBI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover TrueBlue (TBI)

TrueBlue (TBI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

TrueBlue (TBI) Stock Jumps 24.9%: Will It Continue to Soar?

Staffing demand is getting back to normal.

Why TrueBlue Stock Is Up Today

The stock price of Trueblue Inc (NYSE: TBI) increased by over 10% pre-market. This is why it happened.

TBI Stock: Over 10% Increase Pre-Market Explanation

TrueBlue, Inc. (TBI) CEO Patrick Beharelle on Q1 2021 Results - Earnings Call Transcript

TrueBlue (TBI) delivered earnings and revenue surprises of 457.14% and 1.63%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

TrueBlue (TBI) Q1 Earnings and Revenues Beat Estimates

Shares of TrueBlue (NYSE:TBI) moved higher by 8% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 2600.00% over the past year to $0.25, which beat the estimate of ($0.05).

TrueBlue: Q1 Earnings Insights

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its first quarter results for 2021. First quarter revenue was $459 million, a decrease of 7 percent compared to revenue of $494 million in the first quarter of 2020. Net income per diluted share was $0.20 compared to net loss per diluted share of $4.04 in the first quarter of 2020. Included in the results for the first quarter of 2020 is a non-cash goodwill and intangible asset impairment charge of $175 million, which is equiva

TrueBlue Reports First Quarter 2021 Results

TrueBlue (TBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: TrueBlue (TBI) Q1 Earnings Expected to Decline

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release first quarter 2021 earnings results after the market close on Monday, Apr. 26, 2021. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Apr. 26, 2021. 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 First Quarter 2021 Results

TACOMA, Wash.--(BUSINESS WIRE)--Today, TrueBlue, The People Company®, announced that its Chief People Officer, Andrea Brogger, has been named one of the 10 most influential HR leaders in the U.S. by Insights Success magazine. In being named to the list, Brogger was cited for her innovation in HR, her employee engagement efforts, and her focus on connectivity between people strategy and business results. In recognition of HR's vital role in business success, the annual list identifies those HR l

ADDING MULTIMEDIA TrueBlue's Andrea Brogger Named One of the Most Influential HR Leaders in U.S.

TrueBlue's Andrea Brogger Named One of the Most Influential HR Leaders in U.S.

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We have narrowed down our search to five staffing stocks that have provided double-digit return year to date and still have more upside. These are: KFY, KFRC, TBI, CCRN and HSII.

Record-Low Jobless Claims Show Labor Market Recovery: 5 Picks

TACOMA, Wash.--(BUSINESS WIRE)--When it comes to signs of economic recovery, few indicators are as strong as job market performance, and, in particular, the number of temporary jobs available. Following an economic downturn, temporary jobs rebound first as companies test the waters before adding permanent full-time positions. Based on the results of an in-depth analysis of hundreds of thousands of temporary jobs, staffing leader PeopleReady says continued trending gains in the temporary job mar

Rise in Temp Jobs a Positive Indicator for Continued Permanent Job Market Recovery

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is TrueBlue (TBI) Stock Undervalued Right Now?

The Fed has forecast a fall in unemployment rate which bodes well for the U.S. labor market, making it wise to invest in names like Kforce (KFRC) and TrueBlue (TBI)

5 Staffing Stocks Set to Gain From Potential Fall in Jobless Rate

TACOMA, Wash.--(BUSINESS WIRE)--While millions of Americans affected by pandemic job loss are still looking for work, the number of skilled trade jobs in the U.S. is far outpacing the supply of qualified workers to fill them. A new analysis by the skilled trades division of staffing leader PeopleReady finds that the most in-demand skilled trade jobs are remaining unfilled the longest—roughly a month on average—due to the shortage of qualified workers. The skilled trades labor shortage—predomina

U.S. Skilled Trades Labor Shortage Heightens as In-Demand Jobs Remain Unfilled the Longest

With U.S. jobs growth breezing past expectations in February and hiring poised to pick up, investing in staffing stocks like Kforce (KFRC), TrueBlue (TBI) & KornFerry International (KFY) seems prudent.

5 Top Staffing Stocks to Win Big on Blowout Jobs Report

TACOMA, Wash.--(BUSINESS WIRE)--The rise in importance of temporary jobs during the pandemic has been undeniable as businesses look to navigate an unpredictable climate. A new survey out today from staffing leader PeopleReady finds that many companies (40%) are planning to make temporary jobs a permanent part of their post-pandemic workforce model. In the past year, 52% of companies have increased their use of temporary workers and cited the need to scale their workforce as the top reason. The

Workforce Trend: Temporary Jobs are Here to Stay as Part of Post-Pandemic Workforce, PeopleReady Survey Finds

TrueBlue, Inc. (TBI) CEO Patrick Beharelle on Q4 2020 Results - Earnings Call Transcript

TrueBlue (TBI) delivered earnings and revenue surprises of 65.00% and 4.86%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

News for TrueBlue Stock (TBI)