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

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Earnings data Q1 2022

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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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TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its second quarter results for 2022. Second quarter revenue was $569 million, an increase of 10 percent compared to revenue of $516 million in the second quarter of 2021. Net income per diluted share was $0.72 compared to net income per diluted share of $0.45 in the second quarter of 2021. Second quarter adjusted net income1 per diluted share was $0.82 compared to adjusted net income per diluted share of $0.47 in the second qua

TrueBlue Reports Second Quarter 2022 Results

New PeopleReady Skilled Trades analysis highlights worker scarcity in the skilled trades and identifies top jobs open today TACOMA, Wash. , July 19, 2022 /PRNewswire/ -- The skilled trades industry is proving to be one of the hardest hit by worker scarcity.

Skilled Trades Labor Scarcity: Workforce Aging as Fewer Recruits Enter Trades

NEW YORK , July 13, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of TrueBlue, Inc. ("TrueBlue" or the "Company") (NYSE: TBI). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of TrueBlue, Inc. - TBI

New York, New York--(Newsfile Corp. - July 11, 2022) - Pomerantz LLP is investigating claims on behalf of investors of TrueBlue, Inc. ("TrueBlue" or the "Company") (NYSE: TBI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether TrueBlue and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of TrueBlue, Inc. - TBI

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release second quarter 2022 earnings results after the market close on Monday, Jul. 25, 2022. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Monday, Jul. 25, 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 busine

TrueBlue to Announce Second Quarter 2022 Results

JobStack Also Honored as Bronze Stevie® Award Winner in 2022 American Business Awards TACOMA, Wash. , June 30, 2022 /PRNewswire/ -- JobStack, PeopleReady's industry-leading mobile app, has been recognized with two awards for its groundbreaking technology.

PeopleReady's JobStack™ wins Best App for Consumer Website and Mobile Sites in 2022 Vega Awards

Affinix recognized in the top 1% of firms for Best Advance in Practical AI CHICAGO , June 23, 2022 /PRNewswire/ -- PeopleScout's proprietary talent technology Affinix™ has won Best Advance in Practical Artificial Intelligence (AI) in the 2022 HR Tech Awards. According to Lighthouse Research & Advisory data, more than 5,000 providers exist across the HR technology landscape today, with more entering the space every single day.

PeopleScout's Affinix™ Recognized in 2022 HR Tech Awards

NEW YORK , June 21, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of TrueBlue, Inc. (NYSE: TBI) resulting from allegations that TrueBlue may have issued materially misleading business information to the investing public. SO WHAT: If you purchased TrueBlue securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, RESPECTED INVESTOR COUNSEL, Encourages TrueBlue, Inc. Investors With Losses to Inquire About Securities Class Action Investigation - TBI

International awards program recognizes PeopleScout's Talking Talent podcast and recruitment marketing campaigns for exceptional content and creativity CHICAGO , June 21, 2022 /PRNewswire/ -- PeopleScout has been named a two-time winner in the 2022 Vega Digital Awards, winning a Centauri award for its Talking Talent podcast and an Arcturus award for its digital recruitment marketing campaigns. The Vega Digital Awards received over 1,500 submissions this year from 24 countries around the world.

PeopleScout Demonstrates Excellence in Digital Marketing and Thought Leadership with Two 2022 Vega Digital Awards

Los Angeles, California--(Newsfile Corp. - June 21, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of TrueBlue, Inc. (NYSE: TBI) ("TrueBlue" or "the Company") for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. TrueBlue issued a press release during trading hours on June 15, 2022,...

ONGOING INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in TrueBlue, Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - June 20, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of TrueBlue, Inc. ("TrueBlue" or "the Company") (NYSE: TBI) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. TrueBlue issued a press release during trading hours on June 15, 2022,...

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in TrueBlue, Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - June 18, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of TrueBlue, Inc. ("TrueBlue" or "the Company") (NYSE: TBI) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. TrueBlue issued a press release during trading hours on June 15, 2022,...

INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in TrueBlue, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against TrueBlue, Inc. (“TrueBlue” or the “Company”) (NYSE: TBI) on behalf of TrueBlue stockholders. Our investigation concerns whether TrueBlue has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. TrueBlue issued a press release during trading hours on June 15, 2022 “a

TRUEBLUE ALERT: Bragar Eagel & Squire, P.C. is Investigating TrueBlue, Inc. on Behalf of TrueBlue Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of TrueBlue, Inc. (NYSE: TBI) resulting from allegations that TrueBlue may have issued materially misleading business information to the investing public. SO WHAT: If you purchased TrueBlue securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The R

EQUITY ALERT: Rosen Law Firm Encourages TrueBlue, Inc. Investors with Losses to Inquire About Securities Class Action Investigation – TBI

TrueBlue Inc (NYSE: TBI) stated that Patrick Beharelle resigned as Chief Executive Officer and a Board member, effective June 14, 2022. TBI has appointed Steven C.

Patrick Beharelle Resigns As TrueBlue CEO Over Conduct Violations

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue, Inc. announced today that Patrick Beharelle has resigned as Chief Executive Officer and as a member of the Board of Directors of TrueBlue, effective June 14, 2022. Mr. Beharelle's resignation follows an investigation, led by outside counsel, into allegations regarding his conduct. Based on the investigation's findings, the Board of Directors determined that he had engaged in behaviors that violated TrueBlue's policies and Code of Conduct. Mr. Beharelle'

Patrick Beharelle Resigns as TrueBlue CEO

Shares of TrueBlue Inc. TBI, -1.38% dropped 1.4% in morning trading Wednesday, after the staffing services company disclosed that Chief Executive Patrick Beharelle resigned after less than four years in the role following an investigation into his conduct. Chairman Steven Cooper, who was previously CEO of the company, was named CEO effective June 14.

TrueBlue stock falls after CEO resigns following investigation into conduct

Force for Good Challenge grand prize winner Josef Newgarden to split $1 million prize with his chosen charities: SeriousFun Children's Network and Wags and Walks of Nashville TACOMA, Wash. , June 14, 2022 /PRNewswire/ -- With the 2022 NTT INDYCAR Series approaching the midway point, Team Penske's Josef Newgarden has won three races—one on each type of INDYCAR track—securing the $1 million grand prize in PeopleReady's Force for Good Challenge at Sunday's Sonsio Grand Prix.

PeopleReady Donates $500k Grand Prize to Charity in Force for Good Challenge

TACOMA, Wash. , June 2, 2022 /PRNewswire/ -- TrueBlue is proud to announce that it was recognized for its commitment to diversity, equity and inclusion (DE&I) on Forbes' America's Best Employers for Diversity list for 2022.

TrueBlue Recognized for Commitment to Diversity, Equity & Inclusion by Forbes and Statista

PeopleReady ranks eighth on the list of 150 temporary staffing firms TACOMA, Wash. , June 2, 2022 /PRNewswire/ -- PeopleReady is proud to announce that it was named the #8 Best Temp Staffing Firm in America on Forbes' America's Best Temp Staffing Firms list for 2022.

PeopleReady Recognized for Temporary Staffing Excellence by Forbes and Statista

Staffing leader proud to partner with Lundgaard  and Rahal Letterman Lanigan Racing to drive home mission of connecting people and work TACOMA, Wash. , June 1, 2022 /PRNewswire/ -- As the official staffing partner of the 2022 NTT INDYCAR® SERIES, PeopleReady exemplified its mission of connecting people and work by staffing over 400 positions essential to running the Indy500 at the Indianapolis Motor Speedway this past weekend.

PeopleReady, Primary Sponsor of Driver Christian Lundgaard, Staffed Indy500

Culture Excellence Awards are based entirely on employee survey feedback CHICAGO , June 1, 2022 /PRNewswire/ -- PeopleScout is pleased to announce that it has been recognized with numerous Culture Excellence Awards in addition to its previously announced place on the 2022 Top Workplaces USA list. PeopleScout received four Culture Excellence Awards for Leadership, Innovation, Purpose & Values and Work-Life Flexibility.

PeopleScout Recognized for Culture Excellence in 2022 Top Workplaces Awards

Affinix recognized for Artificial Intelligence/Machine Learning and Big Data Solutions CHICAGO , May 26, 2022 /PRNewswire/ -- PeopleScout's proprietary talent technology Affinix™ has been named a Bronze winner for Artificial Intelligence/Machine Learning Solution and Big Data Solution in the 20th Annual American Business Awards® Program for 2022. "AI-driven talent management solutions are critical to any business," the judges said.

PeopleScout's Affinix™ Talent Technology Wins Two 2022 American Business Awards

PeopleScout also ranked No. 2 in Breadth of Service and Size of Deal categories CHICAGO , May 25, 2022 /PRNewswire/ -- PeopleScout has been recognized as a leader in Managed Service Provider (MSP) solutions on HRO Today's annual MSP Baker's Dozen Customer Satisfaction Ratings.

PeopleScout Named a Leader on HRO Today's 2022 MSP Baker's Dozen

150,000 active job postings in metro area, with nearly 40,000 added in the last week alone, according to new PeopleReady analysis INDIANAPOLIS, May 13, 2022 /PRNewswire/ -- As summer approaches, the job market is red hot in Indianapolis and the surrounding metropolitan area, with nearly 40,000 new jobs being posted in the last seven days, according to a new analysis being released today by staffing firm PeopleReady. This addition brings the total number of active open jobs in the region to 150,000, a 12% increase in job openings from the same time last year.

News for TrueBlue Stock (TBI)