• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    TrueBlue Reports Third Quarter 2024 Results

    11/4/24 4:05:00 PM ET
    $TBI
    Professional Services
    Consumer Discretionary
    Get the next $TBI alert in real time by email

    TrueBlue (NYSE:TBI) today announced its third quarter results for 2024.

    Third Quarter 2024 Financial Highlights

    • Revenue of $382 million compared to $473 million in the prior year period
    • Net loss of $8 million compared to net loss of $0 million in the prior year period
      • SG&A expense reduced by 17 percent to $100 million compared to $121 million in the prior year period
      • Adjusted EBITDA1 of $5 million compared to $10 million in the prior year period
    • Zero debt, cash of $15 million and $133 million of borrowing availability at period end
    • $4 million in share repurchases with $34 million remaining under authorization

    Commentary

    "As expected, market conditions remained challenging but we continue to manage through the cycle with the discipline and agility needed to ensure we are even better positioned as conditions improve," said Taryn Owen, President and CEO of TrueBlue. "Given the labor dynamics at play, we are focused on the areas we can control. Our teams are staying highly engaged with clients and we are scaling our operating structure to align with current market demand while ensuring we are ready to capitalize as customer volumes return."

    "We continue to leverage our deep expertise and expansive service offerings to address clients' immediate and evolving needs and we remain committed to advancing our strategic priorities to capture market share and enhance our long-term profitability," continued Ms. Owen. "We made significant progress during the quarter accelerating our digital transformation, expanding our presence in attractive end markets and simplifying our organizational structure. These strategic priorities allow us to better leverage our inherent strengths and position us for even stronger growth and profitability when industry demand rebounds."

    Results

    Third quarter revenue was $382 million, a decrease of 19 percent compared to revenue of $473 million in the third quarter of 2023. Net loss per diluted share was $0.26 compared to net loss per diluted share of $0.00 in the prior year period. Adjusted net loss1 per diluted share was $0.11 compared to adjusted net income per diluted share of $0.16 in the prior year period.

    2024 Outlook

    TrueBlue is providing certain forward-looking information to help investors form their own estimates, which can be found in the quarterly earnings presentation filed today.

    Management will discuss third quarter 2024 results on a webcast at 2:00 p.m. PT (5:00 p.m. ET), today, Monday, Nov. 4, 2024.

    The quarterly earnings presentation and webcast can be accessed on the Investor Relations section of the TrueBlue website: investor.trueblue.com.

    About TrueBlue

    TrueBlue (NYSE:TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. In 2023, TrueBlue served approximately 67,000 clients and connected approximately 464,000 people with work. Its PeopleReady segment offers on-demand, industrial staffing, PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions, and PeopleManagement offers contingent, on-site industrial staffing and commercial driver services. Learn more at www.trueblue.com.

    1 Refer to the financial statements accompanying this release for more information regarding non-GAAP terms.

    Forward-looking statements and non-GAAP financial measures

    This document contains forward-looking statements relating to our plans and expectations including, without limitation, statements regarding the future performance and operations of our business, expectations regarding stabilization in demand, and expected growth from our digital investments, all of which are subject to risks and uncertainties. Such statements are based on management's expectations and assumptions as of the date of this release and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements including: (1) national and global economic conditions, which can be negatively impacted by factors such as rising interest rates, inflation, political instability, epidemics and global trade uncertainty, (2) our ability to maintain profit margins, (3) our ability to successfully execute on business strategies and further digitalize our business model, (4) our ability to attract sufficient qualified candidates and employees to meet the needs of our clients, (5) our ability to attract and retain clients, (6) our ability to access sufficient capital to finance our operations, including our ability to comply with covenants contained in our revolving credit facility, (7) new laws, regulations, and government incentives that could affect our operations or financial results, (8) any reduction or change in tax credits we utilize, including the Work Opportunity Tax Credit, and (9) the timing and amount of common stock repurchases, if any, which will be determined at management's discretion and depend upon several factors, including market and business conditions, the trading price of our common stock and the nature of other investment opportunities. Other information regarding factors that could affect our results is included in our Securities and Exchange Commission (SEC) filings, including the company's most recent reports on Forms 10-K and 10-Q, copies of which may be obtained by visiting our website at www.trueblue.com under the Investor Relations section or the SEC's website at www.sec.gov. We assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Any other references to future financial estimates are included for informational purposes only and subject to risk factors discussed in our most recent filings with the SEC.

    In addition, we use several non-GAAP financial measures when presenting our financial results in this document. Please refer to the reconciliations between our U.S. GAAP and non-GAAP financial measures in the appendix to this document and on our website at www.trueblue.com under the Investor Relations section for additional information on both current and historical periods. The presentation of these non-GAAP financial measures is used to enhance the understanding of certain aspects of our financial performance. It is not meant to be considered in isolation, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with U.S. GAAP, and may not be comparable to similarly titled measures of other companies.

     

    TRUEBLUE, INC.

    SUMMARY CONSOLIDATED STATEMENTS OF OPERATIONS

    (Unaudited)

     

     

    13 weeks ended

     

    39 weeks ended

    (in thousands, except per share data)

    Sep 29, 2024

     

    Sep 24, 2023

     

    Sep 29, 2024

     

    Sep 24, 2023

    Revenue from services

    $

    382,357

     

    $

    473,196

     

    $

    1,181,440

     

    $

    1,414,072

    Cost of services

     

    282,320

     

     

    349,023

     

     

    877,594

     

     

    1,036,295

    Gross profit

     

    100,037

     

     

    124,173

     

     

    303,846

     

     

    377,777

    Selling, general and administrative expense

     

    99,973

     

     

    120,715

     

     

    303,928

     

     

    364,642

    Depreciation and amortization

     

    6,967

     

     

    6,184

     

     

    22,616

     

     

    18,875

    Goodwill and intangible asset impairment charge

     

    —

     

     

    —

     

     

    59,674

     

     

    9,485

    Loss from operations

     

    (6,903)

     

     

    (2,726)

     

     

    (82,372)

     

     

    (15,225)

    Interest and other income (expense), net

     

    521

     

     

    390

     

     

    3,861

     

     

    1,982

    Loss before tax expense (benefit)

     

    (6,382)

     

     

    (2,336)

     

     

    (78,511)

     

     

    (13,243)

    Income tax expense (benefit)

     

    1,253

     

     

    (2,326)

     

     

    35,532

     

     

    (1,621)

    Net loss

    $

    (7,635)

     

    $

    (10)

     

    $

    (114,043)

     

    $

    (11,622)

     

     

     

     

     

     

     

     

    Net loss per common share:

     

     

     

     

     

     

     

    Basic

    $

    (0.26)

     

    $

    0.00

     

    $

    (3.75)

     

    $

    (0.37)

    Diluted

    $

    (0.26)

     

    $

    0.00

     

    $

    (3.75)

     

    $

    (0.37)

     

     

     

     

     

     

     

     

    Weighted average shares outstanding:

     

     

     

     

     

     

     

    Basic

     

    29,704

     

     

    30,932

     

     

    30,384

     

     

    31,397

    Diluted

     

    29,704

     

     

    30,932

     

     

    30,384

     

     

    31,397

    TRUEBLUE, INC.

    SUMMARY CONSOLIDATED BALANCE SHEETS

    (Unaudited)

     

    (in thousands)

    Sep 29, 2024

     

    Dec 31, 2023

    ASSETS

     

     

     

    Cash and cash equivalents

    $

    14,505

     

    $

    61,885

    Accounts receivable, net

     

    225,376

     

     

    252,538

    Other current assets

     

    45,419

     

     

    40,570

    Total current assets

     

    285,300

     

     

    354,993

    Property and equipment, net

     

    91,078

     

     

    104,906

    Restricted cash, cash equivalents and investments

     

    180,124

     

     

    192,985

    Goodwill and intangible assets, net

     

    31,713

     

     

    94,639

    Other assets, net

     

    114,161

     

     

    151,860

    Total assets

    $

    702,376

     

    $

    899,383

     

     

     

     

    LIABILITIES AND SHAREHOLDERS' EQUITY

     

     

     

    Accounts payable and other accrued expenses

    $

    35,770

     

    $

    56,401

    Accrued wages and benefits

     

    64,888

     

     

    80,120

    Current portion of workers' compensation claims reserve

     

    36,971

     

     

    44,866

    Other current liabilities

     

    16,952

     

     

    22,712

    Total current liabilities

     

    154,581

     

     

    204,099

    Workers' compensation claims reserve, less current portion

     

    129,475

     

     

    151,649

    Other long-term liabilities

     

    91,168

     

     

    85,762

    Total liabilities

     

    375,224

     

     

    441,510

    Shareholders' equity

     

    327,152

     

     

    457,873

    Total liabilities and shareholders' equity

    $

    702,376

     

    $

    899,383

    TRUEBLUE, INC.

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (Unaudited)

     

     

    39 weeks ended

    (in thousands)

    Sep 29, 2024

     

    Sep 24, 2023

    Cash flows from operating activities:

     

     

     

    Net loss

    $

    (114,043)

     

    $

    (11,622)

    Adjustments to reconcile net loss to net cash (used in) provided by operating activities:

     

     

     

    Depreciation and amortization

     

    22,616

     

     

    18,875

    Goodwill and intangible asset impairment charge

     

    59,674

     

     

    9,485

    Provision for credit losses

     

    1,577

     

     

    3,254

    Stock-based compensation

     

    5,676

     

     

    10,219

    Deferred income taxes

     

    34,694

     

     

    (3,344)

    Non-cash lease expense

     

    9,145

     

     

    9,449

    Other operating activities

     

    (5,052)

     

     

    (1,661)

    Changes in operating assets and liabilities:

     

     

     

    Accounts receivable

     

    25,802

     

     

    34,790

    Income taxes receivable and payable

     

    219

     

     

    (3,001)

    Other assets

     

    8,719

     

     

    26,795

    Accounts payable and other accrued expenses

     

    (18,771)

     

     

    (26,879)

    Accrued wages and benefits

     

    (15,640)

     

     

    (5,156)

    Workers' compensation claims reserve

     

    (30,069)

     

     

    (33,558)

    Operating lease liabilities

     

    (9,236)

     

     

    (9,498)

    Other liabilities

     

    1,500

     

     

    1,421

    Net cash (used in) provided by operating activities

     

    (23,189)

     

     

    19,569

    Cash flows from investing activities:

     

     

     

    Capital expenditures

     

    (18,874)

     

     

    (23,095)

    Proceeds from business divestiture, net

     

    2,928

     

     

    —

    Payments for company-owned life insurance

     

    (4,000)

     

     

    (2,347)

    Proceeds from company-owned life insurance

     

    —

     

     

    1,662

    Purchases of restricted held-to-maturity investments

     

    (10,180)

     

     

    (26,894)

    Maturities of restricted held-to-maturity investments

     

    28,688

     

     

    24,118

    Net cash used in investing activities

     

    (1,438)

     

     

    (26,556)

    Cash flows from financing activities:

     

     

     

    Purchases and retirement of common stock

     

    (21,301)

     

     

    (34,178)

    Net proceeds from employee stock purchase plans

     

    564

     

     

    704

    Common stock repurchases for taxes upon vesting of restricted stock

     

    (2,221)

     

     

    (3,759)

    Other

     

    (1,807)

     

     

    (96)

    Net cash used in financing activities

     

    (24,765)

     

     

    (37,329)

    Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents

     

    (638)

     

     

    (757)

    Net change in cash, cash equivalents, and restricted cash and cash equivalents

     

    (50,030)

     

     

    (45,073)

    Cash, cash equivalents and restricted cash and cash equivalents, beginning of period

     

    99,306

     

     

    135,631

    Cash, cash equivalents and restricted cash and cash equivalents, end of period

    $

    49,276

     

    $

    90,558

    TRUEBLUE, INC.

    SEGMENT DATA

    (Unaudited)

     

     

    13 weeks ended

    (in thousands)

    Sep 29, 2024

     

    Sep 24, 2023

    Revenue from services:

     

     

     

    PeopleReady

    $

    214,792

     

    $

    283,187

    PeopleScout

     

    36,713

     

     

    52,944

    PeopleManagement

     

    130,852

     

     

    137,065

    Total company

    $

    382,357

     

    $

    473,196

     

     

     

     

    Segment profit (1):

     

     

     

    PeopleReady

    $

    3,043

     

    $

    9,656

    PeopleScout

     

    2,542

     

     

    6,272

    PeopleManagement

     

    3,278

     

     

    2,134

    Total segment profit

     

    8,863

     

     

    18,062

    Corporate unallocated expense

     

    (4,184)

     

     

    (8,122)

    Total company Adjusted EBITDA (2)

     

    4,679

     

     

    9,940

    Third-party processing fees for hiring tax credits (3)

     

    30

     

     

    (90)

    Amortization of software as a service assets (4)

     

    (1,615)

     

     

    (1,064)

    PeopleReady technology upgrade costs (5)

     

    (65)

     

     

    (696)

    COVID-19 government subsidies, net

     

    —

     

     

    (525)

    Executive leadership transition costs

     

    —

     

     

    (2,492)

    Other adjustments, net (6)

     

    (2,965)

     

     

    (1,615)

    EBITDA (2)

     

    64

     

     

    3,458

    Depreciation and amortization

     

    (6,967)

     

     

    (6,184)

    Interest and other income (expense), net

     

    521

     

     

    390

    Loss before tax (expense) benefit

     

    (6,382)

     

     

    (2,336)

    Income tax (expense) benefit

     

    (1,253)

     

     

    2,326

    Net loss

    $

    (7,635)

     

    $

    (10)

    (1) We evaluate performance based on segment revenue and segment profit. Segment profit includes revenue, related cost of services, and ongoing operating expenses directly attributable to the reportable segment. Segment profit excludes depreciation and amortization expense, unallocated corporate general and administrative expense, interest expense, other income, income taxes, and other adjustments not considered to be ongoing.

    (2) See the Non-GAAP Financial Measures table on the next page for definitions of EBITDA and Adjusted EBITDA.

    (3) These third-party processing fees are associated with generating hiring tax credits.

    (4) Amortization of software as a service assets is reported in selling, general and administrative expense.

    (5) Costs associated with upgrading legacy PeopleReady technology.

    (6) Other adjustments for the 13 weeks ended September 29, 2024 and September 24, 2023 primarily include workforce reduction costs of $2.8 million ($0.2 million in cost of services and $2.6 million in selling, general and administrative expense) and $1.5 million ($0.8 million in cost of services and $0.7 million in selling, general and administrative expense), respectively.

    TRUEBLUE, INC.

    NON-GAAP FINANCIAL MEASURES AND NON-GAAP RECONCILIATIONS

    In addition to financial measures presented in accordance with U.S. GAAP, we monitor certain non-GAAP key financial measures. The presentation of these non-GAAP financial measures is used to enhance the understanding of certain aspects of our financial performance. It is not meant to be considered in isolation, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with U.S. GAAP, and may not be comparable to similarly titled measures of other companies.

    Non-GAAP measure

     

    Definition

     

    Purpose of adjusted measures

    Adjusted net income

    (loss) and

    Adjusted net income

    (loss) per diluted share

     

    Net loss and net loss per diluted share, excluding:

    – gain on divestiture,

    – amortization of intangibles,

    – PeopleReady technology upgrade costs,

    – COVID-19 government subsidies, net,

    – Executive leadership transition costs,

    – other adjustments, net, and

    – tax effect of the adjustments and deferred tax asset valuation allowance.

     

    – Enhances comparability on a consistent basis and provides investors with useful insight into the underlying trends of the business.

    – Used by management to assess performance and effectiveness of our business strategies.

    – Provides a measure, among others, used in the determination of incentive compensation for management.

     

    EBITDA and

    Adjusted EBITDA

     

    EBITDA excludes from net loss:

    – income tax expense (benefit),

    – interest and other (income) expense, net, and

    – depreciation and amortization.

     

    Adjusted EBITDA further excludes:

    – third-party processing fees for hiring tax credits,

    – amortization of software as a service assets,

    – PeopleReady technology upgrade costs,

    – COVID-19 government subsidies, net,

    – Executive leadership transition costs, and

    – other adjustments, net.

     

    – Enhances comparability on a consistent basis and provides investors with useful insight into the underlying trends of the business.

    – Used by management to assess performance and effectiveness of our business strategies.

    – Provides a measure, among others, used in the determination of incentive compensation for management.

    Adjusted SG&A expense

     

    Selling, general and administrative expense excluding:

    – third-party processing fees for hiring tax credits,

    – amortization of software as a service assets,

    – PeopleReady technology upgrade costs,

    – COVID-19 government subsidies, net,

    – Executive leadership transition costs, and

    – other adjustments, net.

     

    – Enhances comparability on a consistent basis and provides investors with useful insight into the underlying trends of the business.

    1. RECONCILIATION OF U.S. GAAP NET LOSS TO ADJUSTED NET INCOME (LOSS) AND ADJUSTED NET INCOME (LOSS) PER DILUTED SHARE

    (Unaudited)

     

    13 weeks ended

    (in thousands, except for per share data)

    Sep 29, 2024

     

    Sep 24, 2023

    Net loss

    $

    (7,635)

     

    $

    (10)

    Gain on divestiture

     

    29

     

     

    —

    Amortization of intangible assets

     

    672

     

     

    1,276

    PeopleReady technology upgrade costs (1)

     

    65

     

     

    696

    COVID-19 government subsidies, net

     

    —

     

     

    525

    Executive leadership transition costs

     

    —

     

     

    2,492

    Other adjustments, net (2)

     

    2,965

     

     

    1,615

    Tax effect of adjustments and deferred tax asset valuation allowance (3)

     

    573

     

     

    (1,717)

    Adjusted net income (loss)

    $

    (3,331)

     

    $

    4,877

     

     

     

     

    Adjusted net income (loss) per diluted share

    $

    (0.11)

     

    $

    0.16

     

     

     

     

    Diluted weighted average shares outstanding

     

    29,704

     

     

    31,239

     

     

     

     

    Margin / % of revenue:

     

     

     

    Net loss

     

    (2.0) %

     

     

    — %

    Adjusted net income (loss)

     

    (0.9) %

     

     

    1.0 %

    2. RECONCILIATION OF U.S. GAAP NET LOSS TO EBITDA AND ADJUSTED EBITDA

    (Unaudited)

     

    13 weeks ended

    (in thousands)

    Sep 29, 2024

     

    Sep 24, 2023

    Net loss

    $

    (7,635)

     

    $

    (10)

    Income tax expense (benefit)

     

    1,253

     

     

    (2,326)

    Interest and other (income) expense, net

     

    (521)

     

     

    (390)

    Depreciation and amortization

     

    6,967

     

     

    6,184

    EBITDA

     

    64

     

     

    3,458

    Third-party processing fees for hiring tax credits (4)

     

    (30)

     

     

    90

    Amortization of software as a service assets (5)

     

    1,615

     

     

    1,064

    PeopleReady technology upgrade costs (1)

     

    65

     

     

    696

    COVID-19 government subsidies, net

     

    —

     

     

    525

    Executive leadership transition costs

     

    —

     

     

    2,492

    Other adjustments, net (2)

     

    2,965

     

     

    1,615

    Adjusted EBITDA

    $

    4,679

     

    $

    9,940

     

     

     

     

    Margin / % of revenue:

     

     

     

    Net loss

     

    (2.0) %

     

     

    — %

    Adjusted EBITDA

     

    1.2 %

     

     

    2.1 %

    3. RECONCILIATION OF U.S. GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSE TO ADJUSTED SG&A EXPENSE

    (Unaudited)

     

    13 weeks ended

    (in thousands)

    Sep 29, 2024

     

    Sep 24, 2023

    Selling, general and administrative expense

    $

    99,973

     

    $

    120,715

    Third-party processing fees for hiring tax credits (4)

     

    30

     

     

    (90)

    Amortization of software as a service assets (5)

     

    (1,615)

     

     

    (1,064)

    PeopleReady technology upgrade costs (1)

     

    (65)

     

     

    (696)

    COVID-19 government subsidies, net

     

    —

     

     

    (525)

    Executive leadership transition costs

     

    —

     

     

    (2,492)

    Other adjustments, net (2)

     

    (2,757)

     

     

    (795)

    Adjusted SG&A expense

    $

    95,566

     

    $

    115,053

     

     

     

     

    % of revenue:

     

     

     

    Selling, general and administrative expense

     

    26.1 %

     

     

    25.5 %

    Adjusted SG&A expense

     

    25.0 %

     

     

    24.3 %

    (1) Costs associated with upgrading legacy PeopleReady technology.

    (2) Other adjustments for the 13 weeks ended September 29, 2024 and September 24, 2023 primarily include workforce reduction costs of $2.8 million ($0.2 million in cost of services and $2.6 million in selling, general and administrative expense) and $1.5 million ($0.8 million in cost of services and $0.7 million in selling, general and administrative expense), respectively.

    (3) The tax effect includes the application of our statutory rate of 26% to all taxable / deductible adjustments. For the thirteen weeks ended September 29, 2024, there was $0.6 million of valuation allowance recorded against our foreign deferred tax assets and no tax effect associated with the adjustments due to the valuation allowance recorded against our U.S. federal, state and foreign deferred tax assets.

    (4) These third-party processing fees are associated with generating hiring tax credits.

    (5) Amortization of software as a service assets is reported in selling, general and administrative expense.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241104295746/en/

    Get the next $TBI alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TBI

    DatePrice TargetRatingAnalyst
    5/22/2023$18.00 → $20.00Market Perform → Outperform
    BMO Capital Markets
    5/26/2022$36.00 → $20.00Outperform → Market Perform
    BMO Capital Markets
    4/11/2022$38.00Buy
    Sidoti
    More analyst ratings

    $TBI
    SEC Filings

    See more
    • SEC Form 10-Q filed by TrueBlue Inc.

      10-Q - TrueBlue, Inc. (0000768899) (Filer)

      5/5/25 4:12:13 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - TrueBlue, Inc. (0000768899) (Filer)

      5/5/25 4:06:47 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • Amendment: SEC Form SCHEDULE 13G/A filed by TrueBlue Inc.

      SCHEDULE 13G/A - TrueBlue, Inc. (0000768899) (Subject)

      4/15/25 12:18:00 PM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Leadership Updates

    Live Leadership Updates

    See more
    • TrueBlue Reports Fourth Quarter and Full-Year 2024 Results

      TrueBlue (NYSE:TBI) today announced its fourth quarter and full-year results for 2024. Fourth Quarter 2024 Financial Highlights Revenue of $386 million compared to $492 million in the prior year period Fiscal fourth quarter for 2024 consisted of 13 weeks versus 14 weeks in the fiscal fourth quarter of 2023 Revenue decreased 16 percent on a comparable 13-week basis Net loss of $12 million compared to net loss of $3 million in the prior year period SG&A expense improved by 18 percent to $107 million compared to $130 million in the prior year period Adjusted EBITDA1 increased to $9 million compared to $5 million in the prior year period Cash of $23 million, debt of $8 millio

      2/19/25 4:05:00 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue Accelerates Diversification into Attractive Healthcare Industry with Accretive Acquisition of Healthcare Staffing Professionals, Inc.

      TrueBlue Inc. (NYSE:TBI), a leading provider of specialized workforce solutions, today announced the off-market acquisition of high-growth Healthcare Staffing Professionals, Inc. (HSP), a long-term temporary and permanent staffing solutions provider primarily focused on healthcare positions including nursing, allied health, behavioral health, and various research, IT and administrative roles. With operations across the country, including California, Texas, North Carolina, Michigan and Pennsylvania, HSP specializes in serving state and local government entities with a focus on public health departments and agencies, correctional institutions, and education systems. "Today marks a key miles

      2/4/25 8:00:00 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue Reports Third Quarter 2024 Results

      TrueBlue (NYSE:TBI) today announced its third quarter results for 2024. Third Quarter 2024 Financial Highlights Revenue of $382 million compared to $473 million in the prior year period Net loss of $8 million compared to net loss of $0 million in the prior year period SG&A expense reduced by 17 percent to $100 million compared to $121 million in the prior year period Adjusted EBITDA1 of $5 million compared to $10 million in the prior year period Zero debt, cash of $15 million and $133 million of borrowing availability at period end $4 million in share repurchases with $34 million remaining under authorization Commentary "As expected, market conditions remained challenging

      11/4/24 4:05:00 PM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TrueBlue upgraded by BMO Capital Markets with a new price target

      BMO Capital Markets upgraded TrueBlue from Market Perform to Outperform and set a new price target of $20.00 from $18.00 previously

      5/22/23 7:22:20 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue downgraded by BMO Capital Markets with a new price target

      BMO Capital Markets downgraded TrueBlue from Outperform to Market Perform and set a new price target of $20.00 from $36.00 previously

      5/26/22 7:26:10 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • Sidoti resumed coverage on TrueBlue with a new price target

      Sidoti resumed coverage of TrueBlue with a rating of Buy and set a new price target of $38.00

      4/11/22 9:14:37 AM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP; President - PeopleReady Fitzsimmons-Willis Kristy A. covered exercise/tax liability with 1,404 shares, decreasing direct ownership by 2% to 92,129 units (SEC Form 4)

      4 - TrueBlue, Inc. (0000768899) (Issuer)

      4/4/25 5:25:40 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • EVP; President - PeopleScout Betori Richard P. covered exercise/tax liability with 1,198 shares, decreasing direct ownership by 1% to 102,655 units (SEC Form 4)

      4 - TrueBlue, Inc. (0000768899) (Issuer)

      4/4/25 5:23:30 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • EVP and CFO Schweihs Carl bought $13,125 worth of shares (2,500 units at $5.25), increasing direct ownership by 2% to 169,051 units (SEC Form 4)

      4 - TrueBlue, Inc. (0000768899) (Issuer)

      3/13/25 3:53:29 PM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Financials

    Live finance-specific insights

    See more
    • Heliogen, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results; Appoints New CFO

      Heliogen, Inc. ("Heliogen") (OTCQX:HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its fourth quarter and full year 2023 financial and operational results and announced the appointment of its new Chief Financial Officer. Financial and Operational Highlights 2.0 gigawatts ("GW") in opportunity pipeline, an increase of nearly 1.2 GW since August 2023 Demonstrated third-party validation of the effectiveness of Heliogen's proprietary control system at Sandia National Laboratories' National Solar Thermal Test Facility, validating software's role in enhancing solar plant efficiency and interoperability, paving the way for commercialization thr

      3/25/24 4:05:00 PM ET
      $FTCI
      $HLGN
      $TBI
      Semiconductors
      Technology
      Electric Utilities: Central
      Utilities
    • TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named to the Top Workplaces USA List

      All Three TrueBlue Businesses Recognized for the Fourth Consecutive Year TACOMA, Wash., March 21, 2024 /PRNewswire/ -- TrueBlue (NYSE:TBI), a leading provider of specialized workforce solutions, today announced that its PeopleReady, PeopleScout and PeopleManagement brands have all earned the 2024 Top Workplaces USA award based on feedback from employees. This award is issued by Energage, a purpose-driven organization with a 15-year history of surveying more than 20 million employees and celebrating nationally recognized companies that prioritize a people-centered culture. "To

      3/21/24 7:00:00 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue's PeopleReady, PeopleScout and PeopleManagement Named Top Workplaces for Third Consecutive Year

      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. This award celebrates nationally recognized companies that prioritize a people-centered culture and give employees a voice. Companies named to the Top Workplaces USA list are chosen based solely on results gathered through an employee survey conducted by employee engagement technology partner, Energage. The research-backed employee engagement survey captures ano

      3/2/23 12:35:00 PM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • TrueBlue's Centerline Drivers Launches Inaugural Customer Awards to Elevate Recognition of Excellence in Transportation

      Centerline also names its annual Drive It Forward Scholarship winner and Driver of the Year. TACOMA, Wash., May 8, 2025 /PRNewswire/ -- TrueBlue (NYSE:TBI), a leading provider of specialized workforce solutions, and its transportation staffing leader, Centerline Drivers, are proud to introduce the inaugural Respect the Drive Customer Awards, honoring industry-leading businesses that set the standard in safety, driver culture, and inclusivity. This new recognition program is an expansion of Centerline's long-standing commitment to celebrating excellence across the transportation industry.

      5/8/25 7:05:00 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue Reports First Quarter 2025 Results

      TrueBlue (NYSE:TBI) today announced its first quarter results for 2025. First Quarter 2025 Financial Highlights Revenue of $370 million compared to $403 million in the prior year period $11 million of inorganic revenue from the January 31st acquisition of HSP Net loss of $14 million compared to net loss of $2 million in the prior year period SG&A expense improved by 12 percent to $95 million compared to $107 million in the prior year period Adjusted EBITDA1 of -$4 million compared to -$3 million in the prior year period No income tax benefit on U.S. operations due to the valuation allowance in effect compared to a $12 million benefit in the prior year period Cash of $23 m

      5/5/25 4:05:00 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • TrueBlue's PeopleScout Launches the Outthink Index, Setting New Standard for Measuring Employer Brand Effectiveness

      Comprehensive Benchmarking Tool Enables Employers to Stay Ahead in Competition for Top Talent TACOMA, Wash., April 24, 2025 /PRNewswire/ -- TrueBlue (NYSE:TBI), a leading provider of specialized workforce solutions, today announced that its global talent solutions provider, PeopleScout, has launched the Outthink Index—a proprietary benchmarking tool designed to measure and enhance employer brand performance—worldwide. The Index is designed to help organizations make informed decisions that drive positive change and create an employer brand that attracts the talent they need to succeed. 

      4/24/25 7:05:00 AM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP and CFO Schweihs Carl bought $13,125 worth of shares (2,500 units at $5.25), increasing direct ownership by 2% to 169,051 units (SEC Form 4)

      4 - TrueBlue, Inc. (0000768899) (Issuer)

      3/13/25 3:53:29 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • CEO and President Owen Taryn R bought $75,646 worth of shares (12,735 units at $5.94), increasing direct ownership by 3% to 414,932 units (SEC Form 4)

      4 - TrueBlue, Inc. (0000768899) (Issuer)

      2/27/25 10:48:28 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • EVP and CFO Schweihs Carl bought $62,500 worth of shares (10,000 units at $6.25), increasing direct ownership by 6% to 166,551 units (SEC Form 4)

      4 - TrueBlue, Inc. (0000768899) (Issuer)

      2/26/25 12:57:29 PM ET
      $TBI
      Professional Services
      Consumer Discretionary

    $TBI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by TrueBlue Inc.

      SC 13G/A - TrueBlue, Inc. (0000768899) (Subject)

      11/12/24 5:59:31 PM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • SEC Form SC 13G filed by TrueBlue Inc.

      SC 13G - TrueBlue, Inc. (0000768899) (Subject)

      11/12/24 10:34:15 AM ET
      $TBI
      Professional Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by TrueBlue Inc.

      SC 13G/A - TrueBlue, Inc. (0000768899) (Subject)

      11/4/24 1:58:06 PM ET
      $TBI
      Professional Services
      Consumer Discretionary