Every 8-K that Trueblue, Inc. (TBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TBI filings page.
TrueBlue, Inc. reported second quarter 2026 revenue of $443 million, a 12% increase from Q2 2025, driven by strength in skilled businesses and a return to growth in its core on-demand staffing. The company posted a net loss of $3.4 million, or $0.11 per share, versus a $0.2 million loss a year earlier, including a $3.0 million non-cash loss on assets held for sale. Gross margin declined from 23.6% to 20.7%, reflecting prior-year workers’ compensation and COVID-19 subsidy benefits and a shift toward skilled energy work, while SG&A fell 7% to about $84 million.
Non-GAAP results improved meaningfully: adjusted net income was $1.8 million, or $0.06 per diluted share, compared with an adjusted net loss of $2.2 million, and adjusted EBITDA rose to $11.4 million (margin 2.6%) from $2.6 million (0.7%). At June 28, 2026, TrueBlue held $23 million in cash, $82 million of debt, and $56 million of unused borrowing base for total liquidity of $79 million, and had increased working capital by $22 million. For Q3 2026, management expects revenue of $461–$481 million, gross margin of 20.4–20.8%, and SG&A of $85–$89 million, with full-year 2026 capital expenditures projected at $10–$14 million.
TrueBlue, Inc. reported the results of its annual shareholder meeting held on May 11, 2026. Shareholders representing 27,069,137 common shares were present in person or by proxy. All nine director nominees were elected, each receiving more votes "for" than "withheld," with broker non-votes reported.
Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers, and also approved the amendment and restatement of the 2016 Omnibus Incentive Plan. They ratified the selection of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 27, 2026.
TrueBlue, Inc. has amended its existing Rights Agreement with Computershare Trust Company, N.A., the rights agent, through a First Amendment dated May 6, 2026. The amendment accelerates the final expiration date of the rights from the close of business on May 13, 2026 to the close of business on May 6, 2026.
The amendment is described as a material definitive agreement and a material modification to the rights of security holders. The full text of the First Amendment is filed as an exhibit and incorporated by reference.
TrueBlue, Inc. reported first-quarter 2026 results with higher revenue but a wider loss. Revenue from services was $399 million, up 8% from $370 million a year earlier, including 7% organic growth and $4 million from the HSP acquisition. Net loss widened to $19.8 million, or $0.66 per diluted share, compared with a $14.3 million loss, mainly reflecting a $3.7 million non-cash goodwill impairment and lower gross margin. Adjusted net loss was $12.4 million, or $0.41 per diluted share, while adjusted EBITDA improved to a $3.1 million loss from a $3.9 million loss. SG&A expense fell 8% to $87 million and adjusted SG&A dropped to $83.1 million, or 20.8% of revenue. Liquidity at period end totaled $60 million, with $24 million in cash, $74 million of debt and $36 million unused on the borrowing base. For Q2 2026, the company guides revenue to $405–$430 million and expects lower gross margin but continued SG&A discipline.
TrueBlue, Inc. entered into a cooperation agreement with EHS Investments under which the Board will appoint a mutually agreed new independent director by September 30, 2026, with a term running through the 2027 annual meeting of shareholders.
EHS has withdrawn its prior director nominations and agreed to support TrueBlue’s full slate at the 2026 annual meeting and abide by customary voting, standstill, non-disparagement and related provisions. Following the new appointment in 2026, the Board is expected to have ten directors, nine of whom will be independent.
TrueBlue, Inc. reported fourth-quarter 2025 revenue of $418 million, an 8% increase driven by 5% organic growth and contributions from the HSP acquisition. Despite higher sales, the company posted a net loss of $31.5 million, widened by an $18.4 million non-cash impairment tied to a Chicago support center sublease and lower gross margin from reduced workers’ compensation benefits and mix shifts toward renewable energy work.
Adjusted EBITDA was $2.4 million versus $8.9 million a year earlier, while SG&A fell 11% to $95 million as cost actions took hold. For full-year 2025, revenue reached $1.616 billion, up 3%, with net loss improving to $48.0 million from $125.7 million and adjusted net loss at $20.4 million. The company ended the year with $25 million in cash, $66 million of debt, total liquidity of $92 million, and increased borrowing capacity following a credit facility amendment. Management guided first-quarter 2026 revenue to $381–$406 million, expecting gross margin pressure from prior-year reserve benefits not repeating but further SG&A reductions.
TrueBlue, Inc. amended its main bank credit agreement, converting its revolving credit facility from a cash-flow based structure to an asset-based lending facility. Borrowing capacity now depends on a borrowing base tied to eligible customer accounts, with advance rates of 90%, 85%, and 80% for different account types.
The total committed line is reduced from $255 million to $175 million, though TrueBlue can still request up to an additional $150 million with lender approval. Interest pricing, sub-limits, and maturity remain unchanged, and the facility continues to be secured by company collateral and equity in key domestic subsidiaries.
TrueBlue, Inc. reported a leadership change in its finance organization. The company appointed Brian Capone as Senior Vice President and Chief Accounting Officer, effective January 12, 2026, succeeding Carl Schweihs in the role of principal accounting officer. Mr. Schweihs will continue as Executive Vice President and Chief Financial Officer.
Capone brings prior chief accounting officer and controller experience from Avaya, embecta Corp., and Cantel Medical Corporation, along with earlier finance roles at Stryker and Quest Diagnostics. Under his employment agreement, he will receive a base salary of $315,000, eligibility starting in 2027 for annual equity awards equal to 30% of base salary and a cash bonus of up to 30% of base salary tied to performance, and a one-time cash award equal to 40% of base salary that vests over four years. He will also enter into standard indemnification and noncompetition agreements with the company.
TrueBlue, Inc. reported that it issued a press release responding to a letter from EHS Management, LLC, which disclosed its intent to nominate director candidates at TrueBlue’s 2026 annual meeting of shareholders. The company’s press release, filed as an exhibit, is titled "TrueBlue Highlights Recent Board Refreshment and Strategic Initiatives Underway to Achieve Long-Term Profitable Growth," indicating that the company is emphasizing changes to its board and ongoing strategic initiatives aimed at long-term profitable growth. This disclosure signals an upcoming contest over board representation and outlines that TrueBlue is publicly communicating its governance and strategy position to shareholders.
TrueBlue, Inc. reported that Kristy Willis, Executive Vice President of its PeopleReady business, is no longer employed by the company, effective December 10, 2025. The company stated that her departure was not due to any disagreement with TrueBlue regarding its operations, policies, or practices. The update focuses solely on this leadership change and does not describe any related strategic shift or financial impact.
TrueBlue, Inc. reported that its board of directors has appointed and elected William Greenblatt and William Seward as new directors, effective January 5, 2026. The board approved these appointments on December 1, 2025 after an extensive search that involved an independent recruitment firm and shareholder input.
Greenblatt brings founding and leadership experience from Montague Street Capital and Sterling Check Corporation, along with multiple nonprofit and academic board roles. Seward is currently Executive Vice President and Chief Operating Officer of Vestis Corporation and previously held senior leadership roles over several decades at UPS, as well as at Stericycle.
Both new directors will receive the same compensation as other non-employee directors and may participate in TrueBlue’s Equity Retainer and Deferred Compensation Plan for Non-Employee Directors. The board currently expects to return to a size of nine directors as of the 2026 Annual Meeting of Shareholders by nominating nine directors for election.
TrueBlue, Inc. (TBI) furnished an 8-K announcing a press release with financial results for the third quarter ended September 28, 2025 and outlook for the fourth quarter and fiscal year 2025. The company also provided an earnings slide deck and an investor roadshow presentation.
Management will discuss the results on a live conference call at 2:00 p.m. Pacific Time on November 3, 2025. Materials were furnished under Regulation FD. Exhibits include 99.1 (press release), 99.2 (earnings presentation), and 99.3 (investor roadshow).