Trueblue Stock Price, News & Analysis

On October 4, 2021, PeopleScout was named a leader in Recruitment Process Outsourcing (RPO) by HRO Today's Baker's Dozen Customer Satisfaction Ratings. The company also ranked high in healthcare RPO solutions, showcasing its strong service quality and customer satisfaction. The rankings are based on buyer surveys evaluating breadth of service, deal size, and quality. PeopleScout maintains a 97% client retention rate and continues to adapt its offerings through its AI-driven platform, Affinix™, supporting clients globally.

TrueBlue has named Taryn Owen as President of its RPO brand, PeopleScout, expanding her role as President of PeopleReady. Owen, who joined TrueBlue in 2010, previously led PeopleScout through significant growth and technological advancements. This strategic move is aimed at enhancing the digital transformation of both brands while maintaining their independent operations. CEO Patrick Beharelle praised Owen's leadership, emphasizing the company's commitment to providing value and opportunities. TrueBlue (NYSE: TBI) connects clients with workforce solutions, having linked over 490,000 individuals to work in 2020.

TrueBlue (NYSE: TBI) announced that CEO Patrick Beharelle and CFO Derrek Gafford will present at the Sidoti Virtual Investor Conference on September 22, 2021, starting at 12:15 p.m. Eastern Time. A live webcast and replay will be accessible via TrueBlue’s Investor Relations website. TrueBlue is a major provider of workforce solutions, connecting around 490,000 people with employment opportunities in 2020, offering services through its PeopleReady, PeopleManagement, and PeopleScout segments.

PeopleReady, a TrueBlue company, announces its sponsorship of JR Motorsports' Sam Mayer, who will drive the #8 PeopleReady Chevrolet Camaro in the NASCAR Xfinity Series Wawa 250. This collaboration aims to enhance brand visibility to over millions of race fans. Notably, PeopleReady utilizes its JobStack platform to connect job seekers with employers, serving 98,000 businesses and placing over 221,000 individuals in 2020. The race is scheduled for August 27, 2021, at 7:30 p.m. EST on NBCSN.

The skilled trades sector, as analyzed by PeopleReady, faces a significant workforce shortage, with demand for skilled tradespeople increasing by 50% since pre-pandemic levels, resulting in 388,345 job postings between May and June 2021. Positions remain unfilled for an average of 24 days. Notable growth in demand includes concrete masons (904%), window glaziers (422%), and house painters (329%). The shortage presents opportunities for career changers, emphasizing the importance of contingent workforces in addressing workforce challenges. TBI, TrueBlue's ticker, is closely linked to this trend.

TrueBlue (NYSE:TBI) reported a strong second quarter in 2021, with revenue reaching $516 million, up 44% from $359 million in Q2 2020. Net income per diluted share improved to $0.45, a reversal from a net loss of $0.23 year-over-year. Adjusted net income also rose to $0.47, compared to an adjusted loss of $0.12 in 2020. CEO Patrick Beharelle noted strong demand in the market, emphasizing improvements in profit margins and technology strategies that promise scalable cost efficiencies.