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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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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.

PeopleReady Announces Two Senior Leadership Appointments

TACOMA, Wash. , Sept. 19, 2023 /PRNewswire/ -- TrueBlue (NYSE: TBI) is pleased to announce that Executive Vice President and Chief Financial Officer Derrek Gafford has been honored with Oracle's Change Agent Award for Best Use of Oracle Cloud in Finance and named a finalist for Oracle's Summit Award for Excellence in Digital Transformation and Innovation.

TrueBlue CFO Derrek Gafford Honored with Oracle's Change Agent Award

Oracle

Leading workforce solutions company consolidates over 20 business systems and embraces automation to increase productivity, reduce costs, and improve business insights LAS VEGAS , Sept. 18, 2023 /PRNewswire/ -- Oracle CloudWorld -- TrueBlue, a leader in specialized workforce solutions, has achieved a 40 percent return on investment (ROI) since implementing Oracle Fusion Cloud Applications Suite.

TrueBlue Automates Finance and HR with Oracle Fusion Cloud Applications

Curated suite of modular recruitment solutions helps augment recruitment efforts, deliver fast results and drive lasting business impact CHICAGO , Sept. 6, 2023 /PRNewswire/ -- Recruitment process outsourcing (RPO) leader PeopleScout is proud to announce the launch of RPO Amplifiers, a curated suite of modular recruitment solutions to help employers augment their recruiting teams when and where they need it most.

PeopleScout Launches RPO Amplifiers--Modular Talent Solutions to Help Employers Boost their Recruitment Efforts

SANTA ANA, Calif. , Sept. 1, 2023 /PRNewswire/ -- Centerline Drivers is proud to announce our official partnership with Truckers Against Trafficking (TAT).

Centerline Drivers announces partnership with Truckers Against Trafficking

TACOMA, Wash. , Aug. 24, 2023 /PRNewswire/ -- PeopleReady, a TrueBlue company (NYSE: TBI), has been named a Leader, the highest possible designation, in Everest Group's U.S. Industrial Contingent Talent and Strategic Solutions PEAK Matrix ® Assessment 2023.

PeopleReady Named a 2023 Leader in US Industrial Contingent Talent and Strategic Solutions by Everest Group

Despite cooling labor market, retail, hospitality, manufacturing among industries that each saw 1 million-plus job postings, according to new report TACOMA, Wash. , Aug. 22, 2023 /PRNewswire/ -- Aligned with the overall economic landscape, the first half of 2023 has seen a more steady stream of job postings continuing to emerge.

Nearly 22 Million Job Postings in First Half of 2023: New Report by Staffing Giant PeopleReady

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue, a leading provider of specialized workforce solutions, today announced that President and Chief Operating Officer Taryn Owen has been promoted to President and Chief Executive Officer and a member of the TrueBlue Board of Directors effective September 12, 2023. Owen will succeed Chief Executive Officer Steven C. Cooper, who, at that time, will step down as CEO and board member and serve in an advisory capacity through year end. Owen has served as TrueBl.

TrueBlue Promotes Taryn Owen to President and Chief Executive Officer

RPO provider's newest recruitment solution combines speed, agility and technology with over 30 years of market experience and insights   CHICAGO , Aug. 1, 2023 /PRNewswire/ -- Recruitment process outsourcing (RPO) leader PeopleScout is proud to introduce Accelerate, the latest addition to their tech-enabled solutions, designed to meet the unique talent needs of their clients. This turnkey RPO solution promotes agility, streamlines recruitment processes, and delivers an exceptional candidate experience.

PeopleScout Expedites Access to Talent with Launch of Accelerate--a Tech-Powered RPO Solution with Two-Week Implementation

TrueBlue, Inc. (NYSE:TBI ) Q2 2023 Results Conference Call July 24, 2023 5:30 PM ET Company Participants Steve Cooper - CEO Derrek Gafford - EVP and CFO Taryn Owen - President and COO Conference Call Participants Jeff Silber - BMO Capital Markets Marc Riddick - Sidoti Kartik Mehta - Northcoast Research Mark Marcon - Baird Operator Greetings, and welcome to the TrueBlue Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

TrueBlue, Inc. (TBI) Q2 2023 Earnings Call Transcript

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its second quarter results for 2023. Second quarter revenue was $476 million, a decrease of 16 percent compared to revenue of $569 million in the second quarter of 2022. Net loss per diluted share was $0.24 compared to net income per diluted share of $0.72 in the second quarter of 2022. Second quarter adjusted net income1 per diluted share was $0.17 compared to adjusted net income per diluted share of $0.82 in the second quarte.

TrueBlue Reports Second Quarter 2023 Results

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release second quarter 2023 earnings results after the market close on Monday, Jul. 24, 2023. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Jul. 24, 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 busine.

TrueBlue to Announce Second Quarter 2023 Results

The staffing giant offers temporary staffing support for MLB All-Star Game, among other major summer events TACOMA, Wash. , July 10, 2023 /PRNewswire/ -- PeopleReady will assist fans of America's favorite pastime this week as they further their mission to connect people and work at the 2023 Major League Baseball (MLB) All-Star Game in Seattle.

PeopleReady Hits Home Run in Summer Events Staffing

Everest Group recognized PeopleScout as a Leader in North America and a Major Contender in EMEA and APAC CHICAGO , June 14, 2023 /PRNewswire/ -- PeopleScout has been named a Leader in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2023 for the fifth consecutive year. In addition to being named a global Leader, PeopleScout was also named a Leader in North America and a Major Contender in both EMEA and APAC.

PEOPLESCOUT NAMED A 2023 GLOBAL LEADER IN RECRUITMENT PROCESS OUTSOURCING BY EVEREST GROUP FOR FIFTH CONSECUTIVE YEAR

The PeopleReady Force for Good Challenge $1 million grand prize also remains up for grabs. TACOMA, Wash.

PeopleReady Revs Up Staffing for Indy500

PeopleReady Skilled Trades dedicates May as Respect the Craft Month, highlighting and recognizing the vital contributions of tradespeople. TACOMA, Wash.

As Skilled Labor Scarcity Continues, PeopleReady Skilled Trades Supports and Celebrates Careers in the Trades

TACOMA, Wash. , May 22, 2023 /PRNewswire/ -- TrueBlue is thrilled to announce that Anthony Brew, Chief Diversity Officer, has been named to the prestigious Staffing Industry Analysts (SIA) 2023 Diversity, Equity, and Inclusion (DEI) Influencers list.

TrueBlue's Anthony Brew Named Among the Most Influential Figures in Staffing Industry's DEI Landscape

TACOMA, Wash. , May 17, 2023 /PRNewswire/ -- TrueBlue has earned two Platinum awards, the highest distinction, in the 2023 TITAN Business Awards for outstanding performance in professional services, as well as its commitment to diversity, equity and inclusion (DE&I).

TrueBlue Earns Dual Platinum Wins for Professional Services and DE&I Achievements in 2023 TITAN Business Awards

Staffing giant PeopleReady once again ranks in top ten on list of 150 temporary staffing firms TACOMA, Wash. , May 16, 2023 /PRNewswire/ -- PeopleReady is proud to announce that it has been ranked No.

PeopleReady Named One of America's Best Temporary Staffing Firms by Forbes

TACOMA, Wash. , May 15, 2023 /PRNewswire/ -- TrueBlue is proud to announce that it was recognized as one of America's Best Employers for Diversity by Forbes for the second consecutive year, ranking the highest within the staffing industry.

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