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. , Jan. 12, 2022 /PRNewswire/ -- With temporary workers continuing to be crucial to businesses amid record staffing shortages, PeopleReady is proud to announce the expansion of Chief Sales Officer Kristy Willis's role to include serving as the chief field operations officer for general staffing.

PeopleReady Chief Sales Officer, Kristy Willis, Expands Role to Oversee Field Operations

TACOMA, Wash., Jan. 12, 2022 /PRNewswire/ -- The start of 2022 finds many people looking for new jobs in a job market brimming with opportunities.

What Are Employers Looking for in 2022? Communications, Customer Service and Problem-Solving Skills

CHICAGO, Jan. 11, 2022 /PRNewswire/ -- PeopleScout's proprietary talent acquisition technology,  Affinix™ , has been named a Bronze winner for Best Advance in Diversity and Inclusion Innovation in Brandon Hall Group's Fall 2021 Excellence in Technology Awards Program.  Affinix is a mobile-first, cloud-based platform that creates a consumer-like candidate experience and streamlines the recruiting process through intelligent automation.

PeopleScout's Affinix™ Wins Award for Diversity and Inclusion Innovation in Brandon Hall Group's Fall 2021 Excellence in Technology Program

CHICAGO, Jan. 10, 2022 /PRNewswire/ -- PeopleScout has been named a global Total Workforce Solutions leader on HRO Today's 2021 Baker's Dozen Customer Satisfaction Ratings. In addition, PeopleScout was named the No.

PeopleScout Ranked as a Leader on HRO Today's 2021 Total Workforce Solutions Baker's Dozen

TACOMA, Wash., Jan. 4, 2022 /PRNewswire/ -- TrueBlue is pleased to announce that four of its leaders have been named to the HRO Today 2021 HR Superstars list.

HRO Today Names Four TrueBlue Leaders as 2021 HR Superstars

TACOMA, Wash., Dec. 30, 2021 /PRNewswire/ -- The solar industry is proving to be one of the hottest hiring sectors thanks to an increased national focus on green energy.

National Green Energy Push Sees Solar-Related Jobs Soar: Over 300,000 Jobs Posted Between Oct. & Nov.

TACOMA, Wash., Dec. 21, 2021 /PRNewswire/ -- On the heels of an economy still in recovery, food insecurity continues to grip families and communities across the U.S. Today, TrueBlue, a leading provider of specialized workforce solutions, announced its partnership with Feeding America®, the nation's largest organization dedicated to fighting domestic hunger through a nationwide network of food banks.

TrueBlue Partners with Feeding America® to Help Address Food Insecurity Throughout US

TACOMA, Wash., Dec. 16, 2021 /PRNewswire/ -- From skyrocketing job postings, the holiday hiring season is in full swing with plenty of opportunities for those looking to make extra money for gifts, travel and more.

Jobs Report: Holiday Hiring Up 47% Compared to Pre-Pandemic Figures

TACOMA, Wash., Dec. 14, 2021 /PRNewswire/ -- As the world of work continues to change through challenging times, how people connect to work has never been more crucial.

PeopleReady's JobStack App Recognized in Brandon Hall Awards for Tech Excellence in Putting Work Within Reach

TACOMA, Wash., Dec. 14, 2021 /PRNewswire/ -- Taking the international stage for its industry-leading efforts connecting people and work, PeopleReady earned 11 Vega Awards in the fall awards program presented by the International Awards Associate (IAA).

PeopleReady Recognized with 11 Fall Vega Awards for Innovation in Connecting People and Work

CHICAGO, Nov. 23, 2021 /PRNewswire/ -- PeopleScout, a leading global provider of talent solutions, has been recognized as an RPO leader in EMEA and APAC on HRO Today's 2021 RPO Baker's Dozen Customer Satisfaction Ratings. This follows the company's ranking as an enterprise leader on the global 2021 RPO Baker's Dozen in September.

PeopleScout Named an RPO Leader in EMEA and APAC on HRO Today's RPO Baker's Dozen Customer Satisfaction Ratings

CHICAGO, Nov. 11, 2021 /PRNewswire/ -- PeopleScout was awarded two Gold 2021 NYX Marcom Awards for their Recruitment Marketing and Instagram campaigns. The international NYX Awards honor, recognize and celebrate creative excellence in marketing, communication and digital video designs, and encompasses creative across all facets of industries and mediums.

PeopleScout Named Winner of Two Gold NYX Awards Recognizing Creative Excellence in Marketing

TACOMA, Wash., Nov. 11, 2021 /PRNewswire/ -- In recognition of its innovation and creativity in connecting people and work, PeopleReady received seven NYX MarCom Awards presented by the International Awards Associate (IAA).

PeopleReady Earns Top Honors for Marketing Excellence with 7 NYX MarCom Awards

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced that Chief Executive Officer Patrick Beharelle and Chief Financial Officer Derrek Gafford will be participating in the J.P. Morgan Virtual Ultimate Services Investor Conference on Thursday, Nov. 18, 2021 and will host investor meetings throughout the day. About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. In 2020, TrueB

TrueBlue to Participate in J.P. Morgan Ultimate Services Investor Conference

TrueBlue, Inc. (TBI) CEO Patrick Beharelle on Q3 2021 Results - Earnings Call Transcript

TACOMA, Wash., Oct. 25, 2021 /PRNewswire/ -- TrueBlue (NYSE: TBI) is pleased to announce that Sonita Lontoh has been appointed to the company's Board of Directors, effective immediately.

TrueBlue Appoints Sonita Lontoh to Board of Directors

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its third quarter results for 2021. Third quarter revenue was $577 million, an increase of 22 percent compared to revenue of $475 million in the third quarter of 2020. Net income per diluted share was $0.53 compared to net income per diluted share of $0.25 in the third quarter of 2020. Third quarter adjusted net income1 per diluted share was $0.59 compared to adjusted net income per diluted share of $0.24 in the third quarter o

TrueBlue Reports Third Quarter 2021 Results

TACOMA, Wash., Oct. 14, 2021 /PRNewswire/ -- With its mission-driven efforts to put work within reach in focus, staffing leader PeopleReady earned top honors for marketing and communications excellence in the Fall 2021 TITAN Business Awards hosted by the International Awards Associate (IAA).

PeopleReady Earns Two Platinum and One Gold Honor for Marketing Excellence in Fall 2021 TITAN Business Awards

CHICAGO, Oct. 13, 2021 /PRNewswire/ -- PeopleScout has been named a Platinum Award winner, the highest designation, in the fall season of the 2021 TITAN Business Awards (TITAN) distinguished awards program. PeopleScout was recognized as a winner in the Achievement category for superior achievement in product innovation for its proprietary talent technology Affinix.

PeopleScout's Affinix™ Talent Technology Wins Platinum in the 2021 TITAN Business Awards for Superior Product Innovation

TACOMA, Wash., Oct. 13, 2021 /PRNewswire/ -- As holiday hiring continues to heat up amid a workforce shortage impacting nearly every sector in the U.S., millions of the most in-demand jobs are sitting vacant for a month or longer.

Jobs Report: Holiday Hiring Ramps Up with 19 Million Jobs Posted Between August and September, 14 Million Currently Active

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release third quarter 2021 earnings results after the market close on Monday, Oct. 25, 2021. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Oct. 25, 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 Third Quarter 2021 Results

TACOMA, Wash., Oct. 6, 2021 /PRNewswire/ -- In recognition of marketing excellence, staffing leader PeopleReady was presented with a Platinum 2021 Muse Creative Award, the competition's highest honor, in the integrated marketing category for its Work Within Reach™ campaign.

PeopleReady Earns Platinum Honors for Work Within Reach™ Campaign in 2021 Muse Creative Awards

CHICAGO, Oct. 4, 2021 /PRNewswire/ -- PeopleScout has been recognized as a leader in Recruitment Process Outsourcing (RPO) solutions on HRO Today's annual RPO Baker's Dozen Customer Satisfaction Ratings. In addition to being named a leader overall, PeopleScout was ranked a leader in healthcare RPO solutions.

PeopleScout Named a Leader on HRO Today's 2021 RPO Baker's Dozen

CHICAGO, Oct. 1, 2021 /PRNewswire/ -- PeopleScout, a global talent solutions leader, has been named a Gold winner in the Branded Content, Recruitment category for its recruitment marketing in the 2021 MUSE Creative Awards competition. The MUSE Creative Awards and the MUSE Design Awards received over 4,500 submissions from all over the world.

PeopleScout Recognized for Outstanding Recruitment Marketing with Gold Win in 2021 MUSE Creative Awards

TACOMA, Wash., Sept. 22, 2021 /PRNewswire/ -- Today, TrueBlue announced that PeopleReady President, Taryn Owen, has also been named President of the staffing leader's RPO brand, PeopleScout.

News for TrueBlue Stock (TBI)