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., Aug. 5, 2021 /PRNewswire/ -- You may have noticed construction projects are taking longer to complete these days and the timeline for home repairs is getting stretched out even further.

US Skilled Trades Worker Shortage Worsening Amid Soaring Demand & Workforce Crisis

TrueBlue, Inc. (TBI) CEO Patrick Beharelle on Q2 2021 Results - Earnings Call Transcript

Shares of TrueBlue (NYSE:TBI) moved lower in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 491.67% year over year to $0.47, which beat the estimate of $0.41.

TrueBlue: Q2 Earnings Insights

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its second quarter results for 2021. Second quarter revenue was $516 million, an increase of 44 percent compared to revenue of $359 million in the second quarter of 2020. Net income per diluted share was $0.45 compared to net loss per diluted share of $0.23 in the second quarter of 2020. Second quarter adjusted net income1 per diluted share was $0.47 compared to adjusted net loss per diluted share of $0.12 in the second quarter

TrueBlue Reports Second Quarter 2021 Results

TrueBlue (NYSE:TBI) announces its next round of earnings this Monday, July 26. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.

Earnings Outlook For TrueBlue

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

TrueBlue to Announce Second Quarter 2021 Results

TACOMA, Wash., July 1, 2021 /PRNewswire/ -- Jobs, hard to come by during the pandemic, are now sitting vacant by the millions as businesses nationwide have more positions available than people willing to take them.

Worker Shortage Reaching Crisis Levels as 13.6 Million Jobs in US Sitting Unfilled for a Month on Average

TACOMA, Wash., June 29, 2021 /PRNewswire/ -- As the world of work emerges from unprecedented times, temporary jobs have gone from a vital tool during the pandemic to a permanent cornerstone of workforce strategies.

With a Focus on Putting Work Within Reach™, Margaret Tuohy Joins PeopleReady to Lead Product Innovation

TrueBlue (TBI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

TrueBlue (TBI) Hits 52-Week High, Can the Run Continue?

TrueBlue (TBI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How TrueBlue (TBI) Stock Stands Out in a Strong Industry

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

Looking for a Fast-paced Momentum Stock at a Bargain? Consider TrueBlue (TBI)

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TACOMA, Wash., June 16, 2021 /PRNewswire/ -- For its industry-leading creativity and innovation, staffing leader PeopleReady was singled out with seven 2021 Vega Digital Awards presented by the International Awards Associate (IAA).

PeopleReady Named a 7-time Winner in the Vega Digital Awards

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TACOMA, Wash., June 15, 2021 /PRNewswire/ -- After a dismal 2020 summer jobs season, hiring is back on track this year and busier than ever in many industries, reports PeopleReady.

Summer Jobs Report: 1.2 Million Part-Time Jobs Hiring Right Now

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The growing demand for staffing services is being driven by economic recovery and manufacturing and service strength. HSII, TBI, RHI and MAN are expected to make the most of it.

4 Stocks Benefiting From Staffing's Strong Recuperation

TACOMA, Wash.--(BUSINESS WIRE)--Fewer industries represent the public's eagerness to have things get back to normal than the hospitality industry. From banquet halls and hotels to concert venues, baseball stadiums and amusement parks, the sector is looking for a comeback after being hard-hit by the pandemic. And, it's fueling a hiring surge and immediate opportunities for job seekers, according to staffing leader PeopleReady. A new analysis by PeopleReady being released today finds that hospita

Hospitality Industry Seeing Explosive Summer Hiring Surge as Sector Posts Nearly 1.3 Million Jobs

TACOMA, Wash.--(BUSINESS WIRE)--In recognition of its innovation and creativity in connecting people and work, staffing leader PeopleReady received seven NYX MarCom Awards presented by the International Awards Associate (IAA). PeopleReady scored top honors for its communications, marketing and digital transformation efforts in the international competition which featured more than 2,000 entrants. PeopleReady was acknowledged with three Grand awards (the competition's highest honor) for its gami

PeopleReady Honored 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 Baird Global Consumer, Technology & Services Virtual Investor Conference on Tuesday, June 8, 2021. About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. In 2020, TrueBlue connected approximately 490,0

TrueBlue to Participate in Baird Investor Conference

TACOMA, Wash.--(BUSINESS WIRE)--Graduation season is upon us, and along with it comes the age-old question: What's next? For some, college is a clear choice, while others may be seeking alternatives to higher education. No matter their future aspirations, graduating in a recovery-mode economy leaves the career path forward unpredictable. With an alarming shortage of workers in the skilled trades, PeopleReady Skilled Trades urges new graduates to consider a job in this growing sector. In the pas

Careers in the Skilled Trades Await New High School Grads

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With business activity in the United States climbing to a record-high in May, investing in some solid stocks like Caterpillar (CAT), Deere (DE) & TrueBlue (TBI) seems prudent.

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Staffing companies like TrueBlue (TBI) and Heidrick & Struggles International (HSII) are likely to benefit in the coming days as the economy reopens further.

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We have narrowed down our search to six staffing stocks that have provided double-digit returns year to date. These are HSII, TBI, RHI, MAN, KFRC and RGP.

News for TrueBlue Stock (TBI)