Trueblue Stock Price, News & Analysis

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.

PeopleScout has been recognized as a global leader in Total Workforce Solutions by HRO Today's 2021 Baker's Dozen Customer Satisfaction Ratings. The company secured the top position in the Breadth of Service category, emphasizing its strength in Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) solutions. This accolade highlights PeopleScout's commitment to technology innovation and client satisfaction amid ongoing labor market challenges and the pandemic. The company boasts a 97% client retention rate and operates in over 70 countries.

TrueBlue announced that four of its leaders have been recognized in the HRO Today 2021 HR Superstars list. This annual recognition highlights individuals excelling in HR innovation and transformation. The featured executives include Patrick Beharelle, CEO; Taryn Owen, President and COO of PeopleReady and PeopleScout; Carl Schweihs, President and COO of PeopleManagement; and Jerry Wimer, Senior VP of Staff Management | SMX. TrueBlue remains a leader in specialized workforce solutions, connecting approximately 490,000 jobseekers with employment opportunities in 2020.

The solar industry is experiencing rapid growth, with over 305,000 solar jobs posted between October and November 2021, according to PeopleReady's analysis. The current job openings include approximately 230,000 positions, with 68,000 new jobs posted in the last month alone. This reflects a 32% increase compared to the same period in 2019. The average job vacancy lasts 28 days, highlighting a workforce shortage. Median annual pay in this sector is near $48,000. Key in-demand roles include solar installers, welders, electricians, and construction workers.

TrueBlue, a provider of specialized workforce solutions, has partnered with Feeding America to combat food insecurity in the U.S. The partnership aims to provide at least 1.5 million meals to local communities while engaging TrueBlue employees in support efforts. Food insecurity remains high due to inflation and supply chain issues, impacting many working families. TrueBlue's CEO, Patrick Beharelle, emphasized the company's commitment to enhancing lives through both employment and food security initiatives.