Trueblue Stock Price, News & Analysis

TrueBlue (NYSE: TBI) has adopted a limited duration shareholder rights agreement in response to HireQuest's (Nasdaq: HQI) unsolicited proposal to acquire TrueBlue at $7.50 per share. The Rights Agreement, effective until May 13, 2026, implements a "poison pill" strategy that allows shareholders to purchase additional shares at a 50% discount if any entity acquires 15% (or 20% for certain Schedule 13G investors) or more of TrueBlue's common stock without Board approval.

The agreement aims to protect shareholder interests by ensuring potential acquirers pay an appropriate control premium and giving the Board sufficient time to evaluate acquisition proposals. The Board retains the right to redeem rights at $0.01 per right or exchange them for common stock. Existing shareholders above the threshold will be grandfathered, subject to certain conditions.

TrueBlue (NYSE: TBI) has unanimously rejected an unsolicited, non-binding proposal from HireQuest to acquire all TrueBlue common shares at $7.50 per share in an all-stock transaction. The Board determined that the proposal significantly undervalues the company and is not in shareholders' best interests. This rejection follows a previous unsolicited offer from HireQuest in February 2025 at $12.30 per share, which was also rejected. The latest proposal, received on May 9, 2025, represents a significant decrease from the previous offer. TrueBlue's Board remains committed to maximizing shareholder value and will continue executing its strategic plan. Sidley Austin LLP serves as TrueBlue's legal advisor.

TrueBlue's (NYSE: TBI) Centerline Drivers has launched its first-ever Respect the Drive Customer Awards to recognize excellence in transportation. The awards honor companies in four categories:

- Onyx Open Road Award (Inclusivity): Southern Glazers
- Diamond Driver Culture Award: Sugar Foods
- Sapphire Safety Award: TA Dedicated
- Ruby Respect the Drive Award: Standard Logistics

Additionally, Centerline named Cienna Townson as the recipient of its Drive It Forward Scholarship, which provides full CDL tuition support for women entering the trucking industry. Bernard Shaw was recognized as Driver of the Year for his outstanding safety record and leadership since joining in 2021.

TrueBlue (NYSE: TBI) has announced the global launch of the Outthink Index through its subsidiary PeopleScout, introducing a groundbreaking employer brand benchmarking tool. The initiative addresses a critical gap in the market, where 80% of HR leaders acknowledge employer branding's impact on recruiting, yet only 8% have dedicated budgets.

The Outthink Index evaluates organizations across nine key areas, measuring elements from candidate application experience to company culture communication and digital talent engagement. The tool provides:

• Comprehensive benchmarking against industry standards
• Competitive performance insights
• Data-driven optimization strategies

Developed by PeopleScout's talent advisory experts, leveraging 30 years of global experience, the Index offers instant access to objective insights by comparing employer brands worldwide. The solution aims to help organizations make informed decisions in a challenging labor market characterized by talent shortages and evolving candidate expectations.

TrueBlue (NYSE: TBI) and OMNIA Partners have announced a strategic partnership to provide workforce solutions to private sector businesses. The collaboration aims to help companies reduce expenses while maintaining operational efficiency through optimized talent strategies.

Through this partnership, OMNIA Partners' GPO members will gain access to TrueBlue's comprehensive staffing services, including on-demand staffing, skilled trades staffing, CDL truck driver staffing, onsite workforce management, direct placement, managed service provider (MSP), and recruitment process outsourcing (RPO). The partnership leverages TrueBlue's technology platforms and industry expertise to deliver customized workforce solutions.

TrueBlue (NYSE: TBI) has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, after market close. The company will host a webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the financial results.

Investors and interested parties can access the webcast and accompanying financial presentation through TrueBlue's website at www.trueblue.com. An audio replay will remain available on the company's website for six months following the earnings call.

TrueBlue (NYSE: TBI) announced that its PeopleReady Skilled Trades division has been named the Official Professional Staffing and Labor Provider for Independent Electrical Contractors (IEC), a nonprofit federation representing over 4,100 member businesses with 53 educational campuses nationwide.

The strategic partnership aims to address the critical skilled labor shortage in the electrical sector by providing IEC members with immediate access to qualified workers while supporting long-term workforce development. PRST will offer tailored solutions by providing electrical professionals across all specialties, from residential and industrial electricians to linemen and apprentices.

As part of the collaboration, PRST will contribute educational content on hiring practices, trends, and staffing strategies through webinars, research studies, and conferences. The partnership reinforces IEC's commitment to training and placing the next generation of electricians in meaningful careers.