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TrueBlue, Inc. (NYSE: TBI) is a premier provider of staffing, recruiting, and workforce management solutions, supporting a diverse range of industries including construction, energy, manufacturing, financial services, pharmaceuticals, transportation, and aviation. TrueBlue assigns as many as 100,000 individuals to work daily, drawing from an extensive database of candidates, and places over 250,000 people in permanent positions annually.
The company's operations are structured into three main segments:
- PeopleReady: Specializes in industrial staffing services, offering on-demand labor solutions to meet immediate workforce needs.
- PeopleManagement: Provides contingent, on-site industrial staffing and productivity-based services, catering to clients' specific operational requirements.
- PeopleScout: Offers a range of recruitment process outsourcing (RPO) services, talent advisory, and managed service provider (MSP) solutions, helping organizations streamline their hiring processes and achieve better talent outcomes.
Recently, TrueBlue's research through PeopleScout, in collaboration with Spotted Zebra, revealed that 90% of HR leaders believe that half of their workforce will need reskilling in the next five years. Despite this, only 7% have active reskilling programs. The study highlighted the critical need for skills-based talent acquisition and management strategies as global labor trends evolve due to automation, AI adoption, and other technological advancements.
TrueBlue remains a trusted advisor to numerous clients across various sectors, addressing the widening skills gap and emphasizing the importance of future-focused skills strategies. In 2022, TrueBlue served 84,000 clients and connected approximately 611,000 people to work. In 2023, the company served 67,000 clients, connecting around 464,000 people to job opportunities.
The PeopleReady segment is currently gearing up for the summer hiring surge in the hospitality industry, connecting businesses with qualified workers for major events like the Indy500, NBA Finals, and U.S. Open, among others. With a comprehensive presence in more than 600 markets across the U.S., PeopleReady's JobStack app allows job seekers to find work conveniently from their mobile devices.
TrueBlue (NYSE:TBI) reported its Q4 and full-year 2020 results, with full-year revenue declining to $1.8 billion, down 22% from 2019. The company faced a net loss per diluted share of $4.01, contrasting with a net income of $1.61 in the prior year. For Q4, revenue was $519 million, a 12% decrease from Q4 2019. Adjusted net income per diluted share also fell to $0.33, a 15% decline year-over-year. Despite these challenges, the CEO highlighted improvements in revenue trends, cost discipline, and ongoing investments in digital strategies, particularly the JobStack app.
TrueBlue (NYSE: TBI) announced it will release its fourth quarter and full-year 2020 earnings results after market close on Feb. 3, 2021. This release will be followed by a webcast at 2:30 p.m. PST (5:30 p.m. EST) on the same day, where management will discuss the results.
TrueBlue is a leader in workforce solutions, connecting around 724,000 individuals with work opportunities in 2019 through its PeopleReady, PeopleManagement, and PeopleScout segments. For more information, visit www.trueblue.com.
TrueBlue announced that three of its executives have been recognized in Staffing Industry Analysts' Global Power 150 Women in Staffing list. Taryn Owen, Jill Quinn, and Loree Lynch have been acknowledged for their leadership in the staffing industry. Owen, president of PeopleReady, has driven digital transformation with the JobStack platform. Quinn, president of Centerline Drivers, emphasizes driver safety and employee culture. Lynch, SVP of Staff Management | SMX, has pioneered on-site staffing. TrueBlue highlights the importance of diversity and inclusion within the organization.
TrueBlue has announced three of its leaders have been recognized in Staffing Industry Analysts’ Global Power 150 Women in Staffing list for 2020. This is the sixth iteration of the list that honors influential women in the staffing industry. The executives celebrated include Taryn Owen, Jill Quinn, and Loree Lynch, all noted for their contributions and leadership roles in the company. TrueBlue is committed to promoting diversity, equity, and inclusion in its workforce, which is exemplified by its strong female leadership and initiatives to create a positive employee culture.
Taryn Owen, president of PeopleReady, a TrueBlue company, won a gold award in the Women of Year, Business Services category at the 12th Annual Golden Bridge Business and Innovation Awards. Recognized for her leadership in digital transformation through the JobStack platform, she has helped connect nearly 300,000 workers to jobs annually, filling a job every 9 seconds. This award highlights PeopleReady's commitment to innovation and its significant impact in a challenging employment climate.
TrueBlue (NYSE:TBI) reported third quarter 2020 revenue of $475 million, a 25% decline from $637 million in Q3 2019. However, net income per diluted share improved to $0.25, up from a loss of $0.23 in Q2 2020. Adjusted net income per diluted share was $0.24 compared to a loss of $0.12 in Q2 2020 and $0.76 in Q3 2019. The company highlighted cost management success and noted ongoing enhancements to its PeopleReady JobStack app aimed at driving growth. Additionally, TrueBlue's financial position remains strong, with a significant credit facility and reduced debt levels.
TrueBlue (NYSE: TBI) announced that it will release its third quarter 2020 earnings results on October 26, 2020, after market close. A live webcast discussing the results will take place at 2 p.m. PDT (5 p.m. EDT) on the same day. TrueBlue specializes in workforce solutions, connecting approximately 724,000 individuals with employment in 2019. Their segments include PeopleReady for on-demand staffing, PeopleManagement for contingent staffing, and PeopleScout for recruitment outsourcing. More details are available on their website.
PeopleReady highlights the growing importance of holiday jobs amid high unemployment and economic uncertainty. A recent analysis of job postings indicates an increased demand for e-commerce-related temporary positions, particularly in packing, shipping, and production. The firm identifies the most sought-after roles this season as warehouse associates, customer service representatives, production workers, stockers, and retail workers. To aid job seekers, PeopleReady is launching a nationwide holiday hiring rush event.
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