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 (NYSE: TBI) delivers workforce solutions through specialized staffing services and recruitment technology. This page serves as the definitive source for TBI news, offering investors and industry professionals timely updates on corporate developments.
Access official press releases covering earnings reports, strategic partnerships, leadership changes, and technological innovations like the AI-powered Affinix platform. Our curated collection ensures you stay informed about PeopleReady's on-demand staffing solutions, PeopleScout's recruitment outsourcing advancements, and PeopleManagement's workforce optimization strategies.
All content is verified for accuracy and relevance, providing essential insights into TBI's market position in staffing services and workforce management. Bookmark this page for streamlined access to operational updates, financial disclosures, and industry analysis related to TrueBlue's nationwide operations.
TrueBlue (NYSE:TBI) has reported its first quarter results for 2023, revealing a 16% revenue decline to $465 million compared to $552 million in Q1 2022. The company experienced a net loss per diluted share of $0.13, down from a net income of $0.30 in the same period last year. Adjusted net loss was $0.06 per diluted share, contrasting with an adjusted net income of $0.44 in Q1 2022. CEO Steve Cooper noted steady underlying revenue trends at PeopleReady since October, despite challenges faced by PeopleScout and PeopleManagement due to macroeconomic factors. The company has implemented cost reductions and disciplined pricing strategies. CFO Derrek Gafford highlighted a strong balance sheet, with $25 million of common stock repurchased during the quarter, leaving $64 million remaining for further buybacks.
PeopleScout has been recognized as a Leader for the fifth consecutive time in NelsonHall's 2023 NEAT Vendor Evaluation for RPO and Total Talent. This designation reflects their strong performance in Innovation in Service and Innovation in Technology/Tools. The evaluation highlighted PeopleScout's extensive range of RPO solutions, deep expertise in Talent Advisory services, and the innovative Affinix technology platform, which incorporates advanced automation and AI capabilities.
According to NelsonHall's Principal HR Research Analyst, this recognition underscores PeopleScout's commitment to meeting clients' strategic workforce needs. The NEAT evaluation is based on analyst assessments and client feedback, validating PeopleScout's ability to deliver immediate benefits while preparing for future requirements.
FAQ
What is the current stock price of Trueblue (TBI)?
What is the market cap of Trueblue (TBI)?
