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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.
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.
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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.
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.