Trueblue Stock Price, News & Analysis

TrueBlue (NYSE:TBI) and its PeopleReady Skilled Trades division have released an analysis of over 700,000 construction trade job postings, highlighting significant opportunities in the skilled trades sector. The study reveals that June 2025 saw peak job postings, with median wages of $56,200 compared to the national median of $49,500.

Key findings show top roles in demand include electricians, construction laborers, plumbers, carpenters, and HVAC technicians. The top hiring states are Texas, Florida, California, North Carolina, and Pennsylvania. The analysis highlights a significant age gap in the industry, with 40% of workers over 45 and only 12% aged 19-24.

To address the labor shortage, PeopleReady Skilled Trades offers solutions including rapid deployment of verified workers, strategic hiring pipelines, and career pathway programs like WorkUp and Respect the Craft™.

TrueBlue (NYSE:TBI) reported Q2 2025 financial results with revenue holding steady at $396 million year-over-year, including $16 million contribution from the January HSP acquisition. The company narrowed its net loss to nearly breakeven from a $105 million loss in the prior year period, which had included $100 million in non-cash impairment and tax charges.

Key highlights include SG&A expense reduction of 7% to $90 million and improved Adjusted EBITDA of $3 million, up from $1 million year-over-year. The company maintained strong liquidity of $101 million, comprising $22 million in cash and $79 million in borrowing availability, while reducing debt by $4 million and increasing working capital by $14 million during the quarter.

Management reported double-digit growth in skilled businesses and expects company-wide growth to resume in Q3 2025, focusing on market expansion in healthcare and energy sectors while investing in proprietary technologies.

TrueBlue (NYSE: TBI) announced that its staffing brand PeopleReady has been recognized as a Leader in Everest Group's US Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2025 for Industrial staffing.

The assessment highlighted PeopleReady's strengths in high-demand sectors including construction, energy, hospitality, and event support. The company's digital staffing platform JobStack received recognition for its high adoption rates in industrial shift-based work. Additionally, PeopleReady's WorkUp program offers certification and apprenticeship opportunities for skilled trades.

The company has expanded its US presence through increased sales personnel and restructured branch operations into territory-based teams to enhance client service quality.

TrueBlue (NYSE: TBI) has scheduled its second quarter 2025 earnings release for Monday, August 4, 2025, after market close. The company will host a webcast to discuss the results at 2:00 PM PT (5:00 PM ET) on the same day.

Investors can access the webcast and financial presentation materials on TrueBlue's website. An audio replay will remain available on the company's website for six months following the earnings call.

TrueBlue (NYSE: TBI) announced that its subsidiary PeopleScout has been named a Leader in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2025. The recognition highlights PeopleScout's expertise in providing specialized workforce solutions across industries like healthcare, retail, and manufacturing.

The assessment emphasized PeopleScout's key strengths, including its Affinix® technology platform with advanced AI capabilities, modular RPO solutions through Amplifiers™, and rapid-deployment services via Accelerate™. The company's ability to deliver scalable talent solutions and its strong presence in key geographies with established offshore and onshore capabilities were also highlighted.

TrueBlue's PeopleScout division has achieved significant recognition in the 2025 HRO Today MSP Baker's Dozen Customer Satisfaction Ratings, securing top-five positions across all categories. The company ranked #1 in both Breadth of Service and Size of Deal categories, and #4 overall. PeopleScout's MSP solutions, enhanced by their proprietary Affinix technology platform, provide comprehensive contingent workforce management from requisition to invoicing. The Affinix platform offers real-time analytics, AI-powered capabilities, and integrates with any Vendor Management System. This marks PeopleScout's continued presence on the Baker's Dozen list since 2010, demonstrating consistent excellence in delivering specialized workforce solutions.

TrueBlue (NYSE: TBI) has achieved notable recognition on Forbes' list of America's Best Temporary Staffing Firms, with its subsidiary PeopleReady ranking No. 8 and Staff Management | SMX also being honored. The rankings were determined through a comprehensive survey involving over 16,700 recruiters, HR leaders, hiring managers, and job seekers evaluating more than 200 firms. PeopleReady, TrueBlue's flagship brand for on-demand and skilled trades staffing, was additionally recognized on Forbes' list of America's Best Professional Recruiting Firms. The company's success is attributed to its innovative technology solutions, including the JobStack® app and Stafftrack® workforce technology, along with its nationwide reach and specialized workforce solutions across various industries.

TrueBlue's (NYSE: TBI) PeopleReady division has received prestigious recognition for its JobStack staffing app, earning a Platinum award in the 2025 Titan Awards for Business Technology Solution and a Bronze Stevie Award in the 2025 American Business Awards. The app, launched in 2024, features innovative capabilities including ReadyMatch™ technology and Instant Accept functionality. JobStack connects employers with E-Verified, W-2 workers across all 50 states, supported by PeopleReady's local branch network. The platform represents a key component of TrueBlue's digital transformation strategy, designed to streamline temporary staffing processes and expand market reach through technology-enabled solutions.

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.