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.
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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.
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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.
TrueBlue (NYSE: TBI) will announce its second quarter 2021 earnings results after the market closes on Jul. 26, 2021. The company will host a webcast to discuss these results at 2:30 p.m. PT (5:30 p.m. ET) on the same day. Stakeholders can access the financial presentation on TrueBlue's official website.
TrueBlue specializes in providing workforce solutions, connecting approximately 490,000 people with jobs in 2020 through its segments: PeopleReady, PeopleManagement, and PeopleScout.
The ongoing workforce shortage in the U.S. has led to approximately 13.6 million jobs remaining vacant for over a month, according to PeopleReady. With federal unemployment benefits ending in 26 states, experts anticipate limited impact on job market recovery. PeopleReady emphasizes the growing importance of contingent workforces to fill these gaps. A recent survey highlights a significant shift in job preferences, with a 34% decrease in interest for full-time positions and nearly 50% increase for temporary jobs. To incentivize job placements, PeopleReady has launched a sweepstakes offering $100,000 in cash and prizes.
PeopleReady has announced the appointment of Margaret Tuohy as head of product, aiming to advance its digital transformation and product innovation strategies. This follows the launch of enhanced tools and a refreshed brand to improve workforce connectivity. Tuohy, previously with ADP and CNN Digital, brings valuable product management experience. The company aims to enhance its JobStack app and facilitate a seamless user experience for its over 40,000 associates monthly. PeopleReady's commitment to connecting people with work is emphasized throughout this transition.
TrueBlue (NYSE: TBI) announced that CEO Patrick Beharelle and CFO Derrek Gafford will present at the Sidoti Virtual Investor Conference on June 23, 2021, starting at 2:30 p.m. Eastern Time. A live webcast and replay will be accessible via TrueBlue’s Investor Relations website.
TrueBlue is a leading provider of specialized 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.
PeopleReady, a staffing leader based in Tacoma, Wash., was awarded seven 2021 Vega Digital Awards by the International Awards Associate (IAA) for its outstanding digital transformation and branding initiatives. Recognized for its JobStack® app, which won gold for best business mobile app, the company also received silver awards for best user experience and integrated mobile app. The branding refresh earned a gold award in branding, while the website redesign received a silver for best employment website and a bronze for best website redesign.