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.
Following a year of pandemic-induced challenges, the construction industry is witnessing a remarkable recovery with an estimated 500,000 jobs available across the U.S. this season. According to PeopleReady, these positions offer on-the-job training, providing workers the chance to regain financial stability. President Taryn Owen emphasized the importance of temporary jobs for skill development and income. Notable in-demand roles include roofing helpers, general construction workers, and concrete workers. PeopleReady is actively connecting job seekers through hiring events and its JobStack app.
TrueBlue (NYSE: TBI) is set to release its first quarter 2021 earnings results on April 26, 2021, after market close. A management discussion will follow via a webcast at 2:30 p.m. PT (5:30 p.m. ET) on the same day. In 2020, TrueBlue connected around 490,000 people with work across its specialized workforce solutions, including PeopleReady, PeopleManagement, and PeopleScout. For more information, the webcast and presentation details will be available on TrueBlue's website.
TrueBlue has announced that its Chief People Officer, Andrea Brogger, has been recognized as one of the 10 most influential HR leaders in the U.S. by Insights Success magazine. This acknowledgment highlights her innovative HR practices, employee engagement initiatives, and the alignment of people strategy with business outcomes. The recognition underscores the significant role of HR in driving business success. Brogger joined TrueBlue in 2011, becoming Chief People Officer in 2020, and has been pivotal in enhancing workplace culture and employee empowerment.
PeopleReady reports significant growth in temporary job postings, indicating a potential economic recovery. Key sectors experiencing a rebound include:
- Equipment operators: 300% increase
- Painters: 300% increase
- Material movers: 233% increase
- Retail associates: 200% increase
- Assembly associates: 80% increase
This trend suggests that permanent full-time positions may rise in the next 6 to 12 months. With nearly 10 million Americans seeking work, this growth is a positive sign for the labor market.
TrueBlue (NYSE: TBI) announced that CEO Patrick Beharelle and CFO Derrek Gafford will present at the Sidoti Virtual Investor Conference on March 24, 2021, at 3:15 p.m. Eastern Time. A live webcast and replay will be accessible via the company’s Investor Relations website and here.
As a leading provider of workforce solutions, TrueBlue connected around 490,000 individuals with employment in 2020, offering services through its PeopleReady, PeopleManagement, and PeopleScout segments.
A recent analysis from PeopleReady reveals a significant shortage of skilled trade workers in the U.S., with jobs remaining unfilled for an average of one month. The gap is largely attributed to retiring baby boomers. According to Jill Quinn, the demand for apprentice-level positions is high, offering steady, well-paying job opportunities. Notably, job postings for plumber apprentices have surged by 24%, while median hourly wages for helper positions stand at $16, potentially increasing with training. This presents a compelling opportunity for job seekers.
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PeopleReady Skilled Trades reports significant growth in the skilled trades sector amid economic challenges, with nearly 400,000 job postings since March 2020. Key areas of demand include drywall finishers (100% increase) and tile and stone setters (94%). Recently, job postings surged, particularly for drywall finishers (300%) and boilermakers (78%). The company aims to connect tradespeople with available job opportunities, especially as the construction season approaches, highlighting the resilience and thriving nature of skilled trades in a fluctuating job market.
PeopleReady, a staffing leader, is adapting to ongoing workforce changes by launching a new brand promise, 'Within Reach', alongside refreshed branding and website updates. The company aims to enhance its digital transformation efforts, connecting over 90,000 job seekers each month through a centralized sourcing engine and virtual onboarding experience. Key features, such as the new Apply to Dispatch function within their JobStack app, have significantly reduced hiring times by 87%, enabling quicker connections between candidates and employers.
TrueBlue (NYSE:TBI) reported its Q4 and full-year 2020 results, with full-year revenue declining to $1.8 billion, down 22% from 2019. The company faced a net loss per diluted share of $4.01, contrasting with a net income of $1.61 in the prior year. For Q4, revenue was $519 million, a 12% decrease from Q4 2019. Adjusted net income per diluted share also fell to $0.33, a 15% decline year-over-year. Despite these challenges, the CEO highlighted improvements in revenue trends, cost discipline, and ongoing investments in digital strategies, particularly the JobStack app.
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