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)--TrueBlue (NYSE: TBI) will release first quarter 2023 earnings results after the market close on Monday, Apr. 24, 2023. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Apr. 24, 2023. The webcast and a presentation of financial information will be available on TrueBlue's web site: www.trueblue.com.

TrueBlue to Announce First Quarter 2023 Results

Kristy Willis named President of PeopleReady; Rick Betori named President of PeopleScout; Caroline Sabetti named Chief Marketing and Communications Officer of TrueBlue. TACOMA, Wash.

TrueBlue Announces Executive Leadership Appointments

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TACOMA, Wash. , March 17, 2023 /PRNewswire/ -- TrueBlue is pleased to announce the recent promotion of Anthony Brew, Vice President of Diversity, Equity and Inclusion, to his new role as Chief Diversity Officer.

Anthony Brew Named Chief Diversity Officer of TrueBlue

SANTA ANA, Calif. , March 13, 2023 /PRNewswire/ -- Joel Lawson is Centerline Drivers' 2022 Driver of the Year.

Centerline Drivers Names Joel Lawson as the 2022 Driver of the Year

Nearly 450,000 hospitality-related job openings posted in first two months of 2023, according to PeopleReady TACOMA, Wash. , March 7, 2023 /PRNewswire/ -- With spring break underway, hotels, restaurants and resorts across the country are gearing up for an influx of guests.

As Students and Families Head to Spring Break, the Hospitality Industry Ramps Up Hiring

TACOMA, Wash. , March 2, 2023 /PRNewswire/ -- TrueBlue is pleased to announce that its PeopleReady, PeopleScout and PeopleManagement brands have all been named Top Workplaces in the USA based on feedback from employees.

TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named Top Workplaces for Third Consecutive Year

Though the unemployment rate is at a 53-year low, ironically the staffing industry is facing the headwinds of macroeconomic uncertainty. TBI became debt-free in 2022, a rare feat in the human resources and employment services industry.

TrueBlue: Low Unemployment Is Not Good News For This Staffing Company

Affinix named a silver winner in Most Innovative Product of the Year category CHICAGO , Feb. 10, 2023 /PRNewswire/ -- PeopleScout's proprietary talent technology Affinix™ has been named a silver winner in the Most Innovative Product of the Year – Enterprise category in the 2022 Best in Biz Awards. Designed with changing candidate expectations in mind, Affinix is a mobile-first, cloud-based platform that streamlines the recruiting process with an AI-driven, consumer-like experience and actionable data insights.

PeopleScout's Affinix Talent Technology Wins 2022 Best in Biz Award Recognizing Product Innovation

Over 49 million new job postings were posted in 2022, according to report TACOMA, Wash. , Feb. 9, 2023 /PRNewswire/ -- Inflation and supply chain challenges continue for employers in 2023, but the labor shortage may remain their most significant challenge.

PeopleReady's Future of Work Report: Job Postings Soared 42% in Full Year 2022 from Pre-Pandemic Levels

TACOMA, Wash. , Feb. 7, 2023 /PRNewswire/ -- TrueBlue is pleased to announce that three of its leaders have been named to the HRO Today 2022 HR Superstars list, which recognizes individuals who are driving the industry forward with innovation.

HRO Today Names Three TrueBlue Leaders as 2022 HR Superstars

TrueBlue, Inc. (NYSE:TBI ) Q4 2022 Earnings Conference Call February 1, 2023 5:30 PM ET Company Participants Derrek Gafford - CFO Steven Cooper - CEO Taryn Owen - President and Chief Operating Officer Conference Call Participants Kartik Mehta - Northcoast Research Jeffrey Silber - BMO Capital Markets Mark Marcon - Baird Marc Riddick - Sidoti Operator Greetings. Welcome to TrueBlue Fourth Quarter 2022 Earnings Call.

TrueBlue, Inc. (TBI) Q4 2022 Earnings Call Transcript

TACOMA, Wash.--( BUSINESS WIRE )--TrueBlue (NYSE:TBI) today announced its fourth quarter and full-year results for 2022.

TrueBlue Reports Fourth Quarter and Full-year 2022 Results

SANTA ANA, Calif. , Jan. 24, 2023 /PRNewswire/ -- Raeshaun Brasfield is the first winner of Centerline Drivers' Drive It Forward scholarship for women in transportation.

Centerline Drivers Announces First Drive It Forward Scholarship Winner for Female Truck Drivers

TACOMA, Wash.--( BUSINESS WIRE )--TrueBlue (NYSE: TBI) will release fourth quarter and full-year 2022 earnings results after the market close on Wednesday, Feb. 1, 2023.

TrueBlue to Announce Fourth Quarter and Full-Year 2022 Results

TACOMA, Wash. , Dec. 21, 2022 /PRNewswire/ -- TrueBlue is proud to be named a winner in the 2022 HRO Today Association Awards in the North America Diversity, Equity and Inclusion Excellence category.

TrueBlue Recognized for Excellence in Diversity, Equity and Inclusion by 2022 HRO Today Association Awards

TACOMA, Wash. , Dec. 19, 2022  /PRNewswire/ -- TrueBlue is honored to be named to the National Association for Business Resources (NABR) list of Best and Brightest Companies to Work For both in the Pacific Northwest and nationally.

TrueBlue Named One of the Best and Brightest Companies to Work For by National Association for Business Resources

TrueBlue, Inc. (NYSE:TBI ) Q3 2022 Earnings Conference Call October 24, 2022 5:30 PM ET Company Participants Derrek Gafford - EVP & CFO Steven Cooper - President & CEO Conference Call Participants Jeffrey Silber - BMO Capital Markets Mark Marcon - Baird Marc Riddick - Sidoti Operator Good afternoon. My name is Emma, and I will be your conference operator today.

TrueBlue, Inc. (TBI) Q3 2022 Earnings Call Transcript

TrueBlue Reports Third Quarter 2022 Results

PeopleReady survey reveals work preferences of seasonal job seekers TACOMA, Wash. , Oct. 18, 2022 /PRNewswire/ -- Motivated by inflation concerns and rising household costs, many people are looking to increase their spending ability by taking on extra work this holiday season, according to a recent survey by staffing giant PeopleReady.

Holiday Workers Want Wage Increases and Schedule Flexibility This Season

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release third quarter 2022 earnings results after the market close on Monday, Oct. 24, 2022. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Oct. 24, 2022. 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 2022 Results

TACOMA, Wash. , Sept. 28, 2022 /PRNewswire/ -- TrueBlue announced today that Taryn Owen has been named President and Chief Operating Officer of TrueBlue, effective immediately.

Taryn Owen Named President and Chief Operating Officer of TrueBlue

TACOMA, Wash. , Sept. 26, 2022 /PRNewswire/ -- TrueBlue is proud to announce that it was named one of America's Best Employers for Women by Forbes and Statista for 2022.

TrueBlue Recognized as a Top Employer for Women by Forbes and Statista

New PeopleReady analysis shows increased demand for roles outside traditional full-time employment TACOMA, Wash. , Aug. 25, 2022 /PRNewswire/ -- As rising inflation continues to affect the country, parents looking to work while their children attend school have plenty of opportunities to make extra money on their own schedule.

Part-Time and Flexible Job Options as Parents Return to Work: Half a Million Jobs Posted in Last 30 Days

TrueBlue, Inc. (NYSE:TBI ) Q2 2022 Earnings Conference Call July 25, 2022 5:30 PM ET Company Participants Derrek Gafford - EVP and CFO Steven Cooper - President and CEO Conference Call Participants Jeffrey Silber - BMO Capital Markets Kartik Mehta - North Coast Research Mark Marcon - Baird Marc Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by, and welcome to the TrueBlue Second Quarter 2022 Earnings Call. [Operator Instructions] Derrek Gafford, Executive Vice President and Chief Financial Officer, you may begin your conference.

News for TrueBlue Stock (TBI)