Trueblue Stock Price, News & Analysis

On February 16, 2022, PeopleReady, a TrueBlue company (NYSE: TBI), reported a 13% rise in part-time and flexible job postings in the U.S. over the past month, driven by a worker shortage. These positions now comprise nearly 18% of all job listings. Notable job categories saw explosive growth, including pickup and delivery drivers (3,168% increase) and sales associates (963%). The company's JobStack app also experienced increased usage, with around 30,000 active business customers and over one million downloads by job seekers. Nationwide hiring events are planned to attract potential workers.

TrueBlue (NYSE:TBI) reported robust fourth quarter results, with revenue reaching $622 million, a 20% increase compared to Q4 2020 and a 5% rise over Q4 2019. Net income per diluted share improved to $0.57, up from $0.23 in both 2020 and 2019. Adjusted net income stood at $0.69, compared to $0.33 in the previous year and $0.39 in 2019. Full-year revenue was $2.2 billion, an 18% increase from 2020 but an 8% decrease from 2019. The company authorized $100 million in share repurchases, signaling confidence in future growth.

TrueBlue (NYSE: TBI) will announce its fourth quarter and full-year 2021 earnings results on February 2, 2022, after market close. A management webcast discussing these results is scheduled for 2:30 PM PT (5:30 PM ET) the same day. This session will include a financial information presentation, accessible via www.trueblue.com. TrueBlue specializes in workforce solutions, connecting about 490,000 people with work in 2020 through its segments: PeopleReady, PeopleManagement, and PeopleScout.

PeopleScout has achieved the highest rating as a Leader in all categories of NelsonHall's 2021 NEAT Vendor Evaluation for RPO. Key categories included Geographic Footprint, TA Transformation Journey, and Innovation in Technology. This recognition reflects PeopleScout's commitment to providing innovative talent solutions amidst evolving talent challenges. Highlights show their broad RPO offerings, deep expertise in Talent Advisory services, and advanced technology innovations like the Affinix™ platform. The evaluation is based on both analyst assessments and client feedback.

PeopleScout has announced the appointment of Rick Betori as the new Managing Director of the Americas, aiming to enhance client delivery and implement innovative talent solutions amidst the ongoing Great Resignation. Betori, formerly with TrueBlue, will leverage his extensive experience to drive business development strategies. PeopleScout boasts a 97% client retention rate and utilizes its AI-driven platform, Affinix™, to connect talent with employers worldwide. The company's commitment to fulfilling total workforce needs positions it strongly within the talent acquisition sector.

PeopleReady has expanded Chief Sales Officer Kristy Willis's responsibilities to include overseeing field operations in general staffing, vital amid ongoing staffing shortages. Willis, with PeopleReady since 2018, previously led sales and customer experience initiatives, significantly enhancing operational efficiency. Her new role will focus on enhancing labor connections across the U.S. and Canada. Taryn Owen, president and COO, emphasized Willis's leadership and commitment to customer-centric solutions, which are critical for improving staffing efforts in blue-collar industries.