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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Everest Group also recognized PeopleScout as a Major Contender in EMEA CHICAGO , May 10, 2022 /PRNewswire/ -- PeopleScout has been named a Leader in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2022 for the fourth consecutive year. In addition, PeopleScout was also named a Major Contender in Everest Group's debut RPO PEAK Matrix for EMEA.

Peoplescout Named a 2022 Global Leader in Recruitment Process Outsourcing by Everest Group for Fourth Consecutive Year

U.S. median hourly wage up 5.5% year over year, according to new report TACOMA, Wash. , May 9, 2022 /PRNewswire/ -- The labor shortage brought on by Covid-19 has extended well into 2022, leaving many employers scrambling to fill open positions.

Hospitality and Retail Each Saw Over 1 Million Job Postings in Q1 2022: New Report by Staffing Giant PeopleReady

TrueBlue, Inc. (NYSE:TBI ) Q1 2022 Results Conference Call April 25, 2022 5:30 PM ET Company Participants Derrek Gafford - EVP & CFO Patrick Beharelle - President, CEO & Director Conference Call Participants Mark Marcon - Baird Kartik Mehta - Northcoast Research Marc Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by. And welcome to the TrueBlue First Quarter 2022 Earnings Call.

TrueBlue, Inc. (TBI) CEO Patrick Beharelle on Q1 2022 Results - Earnings Call Transcript

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its first quarter results for 2022. First quarter revenue was $552 million, an increase of 20 percent compared to revenue of $459 million in the first quarter of 2021. Net income per diluted share was $0.30 compared to net income per diluted share of $0.20 in the first quarter of 2021. First quarter adjusted net income1 per diluted share was $0.44 compared to adjusted net income per diluted share of $0.25 in the first quarter o

TrueBlue Reports First Quarter 2022 Results

PeopleScout recognized for Affinix's innovation in artificial intelligence and machine learning; also wins Platinum for best use of Instagram, Gold for recruitment marketing and chief marketing officer and senior vice president for TrueBlue brands receives Platinum distinction CHICAGO , April 21, 2022 /PRNewswire/ -- PeopleScout has been named a Platinum award winner, the highest distinction, in the 2022 TITAN Business Awards for its industry-leading talent technology Affinix™ in the Business Technology Solutions—Artificial Intelligence/Machine Learning category. In addition, the global talent leader also received recognition for its superior marketing efforts and leadership with a Platinum award for Best Use of Instagram, a Gold award in the Digital Campaign—Recruitment Marketing category and a Platinum distinction for Caroline Sabetti, chief marketing officer, PeopleReady and PeopleScout and senior vice president of TrueBlue communications as Marketing Executive of the Year.

PeopleScout's Affinix™ Talent Technology Wins Platinum in the 2022 TITAN Business Awards for Best-in-Class Business Technology Solution

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

TrueBlue to Announce First Quarter 2022 Results

The Staffing Giant Saw Nearly 1 Million Postings Last Week Alone. While Hospitality Industry Jobs Continue to Top The List, Demand Grew for Construction Workers, Landscapers, Cleaning Workers and Support Staff for Events and Entertainment TACOMA, Wash.

EMPLOYMENT SHOWS NO SIGNS OF SLOWING DOWN AS EIGHT MILLION NEW JOBS WERE POSTED IN JUST THE LAST MONTH, REPORT BY STAFFING GIANT, PEOPLEREADY

International awards program recognizes PeopleScout's Instagram page and recruitment marketing campaigns for creative excellence CHICAGO , March 31, 2022 /PRNewswire/ -- PeopleScout has been named a Gold winner in the Social Media category of the 2022 MUSE Creative Awards for its Instagram page. PeopleScout also won Silver in the Strategic Program, Digital Marketing Campaign category for its recruitment marketing campaign.

PeopleScout Wins Two 2022 MUSE Creative Awards for Exceptional Digital and Social Media Marketing

Staffing leader's chief sales and field operations officer recognized for purpose-driven and customer-focused innovation in connecting people and work TACOMA, Wash. , March 31, 2022 /PRNewswire/ -- PeopleReady is pleased to announce that Kristy Willis, the staffing leader's chief sales and field operations officer, was presented with the 2022 Silver Stevie® Award for Woman of the Year in Sales in the 16th Stevie Awards for Sales & Customer Service.

PeopleReady's Kristy Willis Wins 2022 Stevie® Award for Woman of the Year in Sales

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) today announced that Chief Executive Officer Patrick Beharelle and Chief Financial Officer Derrek Gafford will present at the Sidoti Virtual Investor Conference on Wednesday, March 23, 2022. The presentation is scheduled to begin at 12:15 p.m. Eastern Time. A live webcast and replay will be available through TrueBlue's Investor Relations website at investor.trueblue.com and here. About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of sp

TrueBlue to Present at Sidoti Virtual Investor Conference

Double-digit growth in demand for waiters and waitresses, bartenders, food preparation workers in last 30 days, finds PeopleReady TACOMA, Wash., March 16, 2022 /PRNewswire/ -- As mask mandates come to an end in many parts of the U.S., demand for restaurant and food workers is soaring.

End of Mask Mandates Sees Need for Restaurant and Food Workers Soar

TACOMA, Wash., Feb. 17, 2022 /PRNewswire/ -- TrueBlue is proud to announce that two of its leaders have been named to Staffing Industry Analysts' (SIA) 2022 North America Staffing 100 list.

TrueBlue Leaders Named to Staffing Industry Analysts' Staffing 100 List

CHICAGO, Feb. 17, 2022 /PRNewswire/ -- PeopleScout has been named a Gold winner in the 2022 AVA Digital Awards for its Q3/Q4 2021 issue of PeopleScout NEXT, the company's quarterly publication on all things talent acquisition, talent technology and workforce management. In addition, PeopleScout was recognized with an Honorable Mention for its digital recruitment marketing campaigns.

PeopleScout Named a Gold Winner in 2022 AVA Digital Awards for Latest Issue of PeopleScout NEXT

TACOMA, Wash., Feb. 16, 2022 /PRNewswire/ -- The demand for part-time and flexible hour employees across the U.S. is rising as companies look to fill gaps created by a worker shortage and the resulting difficulty in finding full-time employees.

Amid Staffing Shortage, Part-Time & Flex Hour Jobs Climb 13% in Last 30 Days

TACOMA, Wash. , Feb. 4, 2022 /PRNewswire/ -- PeopleReady is proud to announce that its industry-leading JobStack app has received a gold award in the mobile apps for business category in the 2022 AVA Digital Awards.

PeopleReady's JobStack Wins Gold for Outstanding Mobile App for Business in AVA Digital Awards

TACOMA, Wash., Feb. 3, 2022 /PRNewswire/ -- PeopleReady and Taryn Owen, president and COO of TrueBlue's PeopleReady and PeopleScout, received top honors in this year's World Staffing Awards presented by Candidately, with PeopleReady being voted the No.

PeopleReady & Its Top Executive Win Highest Honors in 2022 in World Staffing Awards

TrueBlue, Inc. (TBI) CEO Patrick Beharelle on Q4 2021 Results - Earnings Call Transcript

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its fourth quarter and full-year results for 2021. Fourth quarter revenue was $622 million, an increase of 20 percent compared to revenue of $519 million in the fourth quarter of 2020 and an increase of 5 percent compared to revenue of $591 million in the fourth quarter of 20191. Net income per diluted share was $0.57 compared to net income per diluted share of $0.23 in the fourth quarters of 2020 and 2019. Fourth quarter adjus

TrueBlue Reports Fourth Quarter and Full-Year 2021 Results

TACOMA, Wash., Feb. 1, 2022 /PRNewswire/ -- TrueBlue is pleased to announce that its PeopleReady, PeopleScout and PeopleManagement segments have all been designated as Top Workplaces USA based on feedback from employees.

TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named Top Workplaces for 2nd Consecutive Year

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release fourth quarter and full-year 2021 earnings results after the market close on Wednesday, Feb. 2, 2022. Management will discuss the results on a webcast at 2:30 p.m. PT (5:30 p.m. ET) on Wednesday, Feb. 2, 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 clie

TrueBlue to Announce Fourth Quarter and Full-Year 2021 Results

CHICAGO, Jan. 13, 2022 /PRNewswire/ -- PeopleScout has been recognized as a Leader, the highest rating, in every category of NelsonHall's global 2021 NEAT Vendor Evaluation for RPO. The categories include: Geographic Footprint and Scalability, TA Transformation Journey, Innovation in Technology/Tools, Innovation in Service, as well as an Overall rating.

PeopleScout Named a Leader in All Categories in NelsonHall's 2021 NEAT Vendor Evaluation for RPO

CHICAGO, Jan. 12, 2022 /PRNewswire/ -- As job openings in the U.S. hover near all-time highs and the Great Resignation continues to unfold, PeopleScout, a global leader in talent solutions, remains committed to helping employers meet the challenge of filling open roles with the best talent through their innovative solutions and talent acquisition expertise. To aid in this commitment, PeopleScout is proud to announce that Rick Betori has been named to its executive leadership team as Managing Director of the Americas, a newly created role focused on client delivery, implementation and sales across the Americas.

TrueBlue Veteran Leader Rick Betori Joins PeopleScout in Newly Created Position, Managing Director of the Americas

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.

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