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.
The hospitality industry is experiencing a significant hiring surge as it recovers from pandemic impacts. A recent analysis by PeopleReady reveals a 58% increase in job postings year-over-year and a 28% rise compared to pre-pandemic levels in 2019, totaling around 1.3 million job openings. Key roles in demand include waitstaff, bartenders, and cooks. PeopleReady emphasizes abundant opportunities for job seekers, especially in short-term gig work, as normalcy returns with events and activities.
PeopleReady, a staffing leader, earned seven NYX MarCom Awards for its innovative work in connecting people and jobs. The awards included three Grand awards for its employee engagement campaign, website redesign, and the JobStack app, which facilitated job seekers during the pandemic. Additionally, the brand refresh focused on the Within Reach™ promise, garnered a gold award, alongside two gold and one silver awards for media relations. President Taryn Owen emphasized the importance of innovation in adapting to the changing world of work.
TrueBlue (NYSE: TBI) announced CEO Patrick Beharelle and CFO Derrek Gafford will attend the Baird Global Consumer, Technology & Services Virtual Investor Conference on June 8, 2021. TrueBlue specializes in workforce solutions, connecting around 490,000 people to jobs in 2020. Its segments include PeopleReady for on-demand staffing, PeopleManagement for contingent staffing, and PeopleScout for recruitment outsourcing. This engagement highlights TrueBlue's commitment to business growth and productivity enhancements.
As graduation season approaches, PeopleReady Skilled Trades encourages new graduates to consider careers in skilled trades due to a significant job demand. Currently, there are approximately 281,000 active job openings in the sector, with postings up 46% year-over-year and 32% compared to pre-pandemic levels. The average hourly wage stands at $22.50, equating to nearly $47,000 annually. The company emphasizes the importance of technical training and apprenticeship programs, noting that jobs in skilled trades thrived during economic downturns, providing security and competitive pay.
PeopleReady announces a partnership with two-time Indy 500 champion Takuma Sato to promote their staffing services through a new advertisement. The ad emphasizes PeopleReady's efficiency in connecting job seekers with opportunities, airing on NBC, CTV, and social media leading up to the 2021 Indianapolis 500. Sponsored by PeopleReady, Sato and teammate Graham Rahal represent the brand to millions of race fans. The company, a leader in on-demand labor, aims to showcase its capabilities and reach within blue-collar industries.
The U.S. job market is rebounding, with over 14 million active job postings surpassing 9.7 million unemployed individuals by 4 million. According to PeopleReady, demand for temporary jobs is rising, including significant increases for warehouse attendants (289%), store associates (256%), and personal shoppers (140%). Taryn Owen, President of PeopleReady, highlights this trend as beneficial for workers seeking flexible employment. To aid job seekers, PeopleReady is hosting a nationwide hiring event accessible via the JobStack app, website, and local offices.
Summary not available.
PeopleReady reports a significant surge in job openings related to cleaning services, with over 160,000 positions posted in the last month as businesses reopen across the U.S. Cleaning crew member jobs increased by 364%, while retail housekeeping associate roles saw a 300% rise. Custodial assistant jobs rose 200%, and other cleaning positions experienced an 80% jump. Taryn Owen, president of PeopleReady, emphasized the importance of enhanced cleaning in the return to in-person work.
PeopleReady, a staffing leader, garnered top honors at the 2021 Hermes Creative Awards for its We Are Ready™ branding refresh. The company received a platinum award for its new brand promise, 'Within Reach,' aimed at connecting qualified candidates with employers. It also earned a platinum award for a gamified internal communications campaign and a gold award for its website redesign. The enhancements include a centralized recruitment engine and a new virtual onboarding experience, facilitating a faster hiring process, reducing time to assignment by 87%.
TrueBlue (NYSE:TBI) reported first-quarter 2021 revenue of $459 million, a 7% decline from $494 million in Q1 2020. The company's net income per diluted share was $0.20, a significant improvement from a net loss of $4.04 in the same period last year, which included a $175 million impairment charge. Adjusted net income per diluted share was $0.25, compared to a $0.01 loss in Q1 2020. CEO Patrick Beharelle noted revenue recovery, disciplined cost management, and new business wins as key factors for the positive outlook amidst an economic rebound.
FAQ
What is the current stock price of Trueblue (TBI)?
What is the market cap of Trueblue (TBI)?
