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. provides specialized workforce solutions that connect employers with contingent labor, on-demand staffing, workforce management and recruiting services. Its operating brands include PeopleReady, PeopleScout, Staff Management | SMX, Centerline, SIMOS and Healthcare Staffing Professionals, with activity across light industrial, skilled labor, commercial driver, healthcare staffing and talent acquisition markets.
TrueBlue news commonly covers quarterly earnings, demand trends in staffing markets, organic growth, cost discipline, liquidity and credit capacity, and performance in skilled verticals. Company updates also include leadership appointments within operating businesses, investor conference participation, governance matters, shareholder engagement and developments tied to board refreshment or proxy-related activity.
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.
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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.
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PeopleReady, a TrueBlue company (NYSE: TBI), reports a significant workforce shortage impacting holiday hiring. Between August and September, 19 million jobs were posted, with 14 million actively waiting to be filled. The labor scarcity is affecting various sectors, notably hospitality and retail, making it harder to fill traditionally easy positions. PeopleReady highlights in-demand roles this season, including delivery drivers and retail associates, and is holding nationwide hiring events to connect job seekers with opportunities through its JobStack app.