Trueblue Stock Price, News & Analysis

PeopleReady's JobStack app has earned significant accolades in the Brandon Hall Group Excellence in Technology Awards, winning a gold award for Best Advance in Business Strategy and Technology Innovation and a silver award for Best Advance in Integrated Talent Management Platform. JobStack facilitates 24/7 connections between job seekers and employers, processing a job every nine seconds and filling about 10 million shifts since launch. With nearly 90% of its workforce utilizing the app, it represents a crucial step in PeopleReady's digital transformation in staffing. The app reduces job connection times by 87%.

PeopleReady has received 11 Vega Awards at the fall awards program by the International Awards Associate (IAA), highlighting its JobStack app, website redesign, and a marketing campaign featuring two-time Indianapolis 500 champ Takuma Sato. The JobStack app earned accolades for innovation and technology, while the redesigned website aimed at enhancing user experience received gold awards. A TV ad portraying Sato also garnered recognition, reaching an audience of over 5 million. These distinctions underscore PeopleReady's commitment to connecting businesses with qualified workers efficiently.

PeopleScout has been recognized as a leader in Recruitment Process Outsourcing (RPO) in EMEA and APAC by HRO Today’s 2021 RPO Baker's Dozen Customer Satisfaction Ratings. Previously, the company was ranked as an enterprise leader globally. The rankings reflect clients' satisfaction based on service breadth, deal size, and quality. PeopleScout's investments in technology and customer service have contributed to this recognition. The firm also maintains a strong position in talent solutions across the global economy, with a notable 97% client retention rate.

TrueBlue announced that three of its leaders were recognized in the Staffing Industry Analysts' Global Power 150 Women in Staffing List for 2021. The honorees include Taryn Owen, president and COO of PeopleReady and PeopleScout; Jill Quinn, executive leader of Centerline Drivers and PeopleReady Skilled Trades; and Hope Field, vice president of sales for Staff Management | SMX. This acknowledgment highlights their contributions to the staffing industry and TrueBlue's commitment to diversity and inclusion in workforce solutions.

TrueBlue (NYSE:TBI) has announced that CEO Patrick Beharelle and CFO Derrek Gafford will participate in the J.P. Morgan Virtual Ultimate Services Investor Conference on Thursday, Nov. 18, 2021. They will also host investor meetings throughout the day. TrueBlue specializes in workforce solutions, connecting approximately 490,000 people with work in 2020. Its segments include PeopleReady for industrial staffing, PeopleManagement for contingent staffing, and PeopleScout for recruitment process outsourcing.

TrueBlue (NYSE: TBI) announces the appointment of Sonita Lontoh to its Board of Directors, effective immediately. With over two decades of experience in technology marketing, Lontoh currently leads marketing efforts at HP Inc. and serves on the board of Sunrun Inc. Her expertise in digital transformation and customer experience is expected to enhance TrueBlue's growth strategies. Chairman Steven Cooper expressed enthusiasm for her contributions to the company's mission of connecting people and work.

TrueBlue reported strong Q3 2021 results with revenue reaching $577 million, up 22% from $475 million in Q3 2020. Net income per diluted share more than doubled to $0.53, compared to $0.25 in the prior year. Adjusted net income per diluted share also increased to $0.59 from $0.24.

The company attributes growth to strong demand and gross margin expansion, especially in its PeopleScout and PeopleManagement segments. TrueBlue emphasizes its investment in technology as key to future growth amidst rising demand for flexible workforce solutions.