Welcome to our dedicated page for Trueblue news (Ticker: TBI), a resource for investors and traders seeking the latest updates and insights on Trueblue stock.
TrueBlue, Inc. (NYSE: TBI) is a provider of specialized workforce solutions whose news flow reflects both its operational performance and its focus on technology-enabled staffing. As a human resources consulting and staffing company, TrueBlue issues regular updates on financial results, strategic initiatives, board composition, and developments across its brands, including PeopleReady, PeopleScout, Staff Management | SMX, Centerline, SIMOS, and Healthcare Staffing Professionals.
News about TrueBlue often includes quarterly earnings announcements, where the company reports revenue by segment—PeopleReady, PeopleManagement, and PeopleSolutions—along with metrics such as segment profit and Adjusted EBITDA. These releases provide insight into trends in industrial staffing, on-site workforce management, and recruitment process outsourcing, as well as the performance of acquired operations like Healthcare Staffing Professionals.
Another major theme in TrueBlue’s news is its digital transformation. The company highlights enhancements to its JobStack staffing app, including an AI-enabled bill rate feature that delivers personalized, data-driven bill rates, and ReadyMatch™ technology that evaluates data on worker experience, availability, and reliability to identify best-fit workers. Awards coverage, such as Globee Awards recognition for JobStack as Business Product of the Year, underscores TrueBlue’s emphasis on proprietary, digitally enabled platforms.
Corporate governance and shareholder engagement also feature prominently. Recent press releases and related SEC filings describe the appointment of new independent directors, board refreshment efforts, and responses to communications from significant shareholders such as EHS Management, LLC, which has announced its intent to nominate director candidates. These items provide context on strategic direction, oversight, and capital allocation debates.
Brand-level news spans topics such as leadership changes at PeopleReady, recognition of Centerline as a Top Company for Women to Work in Transportation, and initiatives aimed at advancing careers in trucking and other sectors. Investors and observers who follow TBI news can track how TrueBlue’s strategy, technology investments, and governance evolve over time and how these factors relate to its role in connecting people and work.
TrueBlue has announced that two of its leaders, Taryn Owen and Carl Schweihs, have been included in Staffing Industry Analysts' 2022 North America Staffing 100 list. Taryn, responsible for PeopleReady and PeopleScout, has significantly enhanced digital transformation and placed around 550,000 workers in 2021. Carl, leading PeopleManagement, focuses on bridging talent gaps in the supply chain. Both executives have contributed to their divisions being named Top Workplaces in the USA for two consecutive years. TrueBlue connected approximately 615,000 people with work in 2021.
PeopleScout has been awarded a Gold honor in the 2022 AVA Digital Awards for the Q3/Q4 2021 issue of PeopleScout NEXT, a publication focusing on talent acquisition and workforce management. Additionally, it received an Honorable Mention for its digital recruitment marketing campaigns. The recognition underscores the publication’s contribution in providing valuable insights to talent leaders. Since its launch in 2018, PeopleScout NEXT has garnered multiple awards, demonstrating its commitment to delivering high-quality content within the talent landscape.
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.
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