Latest news with #PeopleReady
Yahoo
21-07-2025
- Business
- Yahoo
TrueBlue to Announce Second Quarter 2025 Results
TACOMA, Wash., July 21, 2025--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release second quarter 2025 earnings results after the market close on Monday, Aug. 4, 2025. Management will discuss the results on a webcast at 2:00 p.m. PT (5:00 p.m. ET) on Monday, Aug. 4, 2025. The webcast and a presentation of financial information will be available on TrueBlue's website: An audio replay will be available on the Company's website for a period of six months following the call. About TrueBlue TrueBlue (NYSE: TBI) is transforming the way organizations connect with talent in an ever-changing world of work. As The People Company®, we put people first – connecting job seekers with meaningful opportunities while delivering smart, scalable workforce solutions for enterprises across industries and worldwide. Powered by innovative technology and decades of expertise, our brands – PeopleReady, PeopleScout, Staff Management | SMX, Centerline, SIMOS, and Healthcare Staffing Professionals – offer flexible staffing, workforce management, and recruitment solutions that propel businesses and careers. Discover how we're shaping the future of work at View source version on Contacts Investor RelationsInvestorRelations@
Globe and Mail
21-07-2025
- Business
- Globe and Mail
TrueBlue to Announce Second Quarter 2025 Results
TrueBlue (NYSE: TBI) will release second quarter 2025 earnings results after the market close on Monday, Aug. 4, 2025. Management will discuss the results on a webcast at 2:00 p.m. PT (5:00 p.m. ET) on Monday, Aug. 4, 2025. The webcast and a presentation of financial information will be available on TrueBlue's website: An audio replay will be available on the Company's website for a period of six months following the call. About TrueBlue TrueBlue (NYSE: TBI) is transforming the way organizations connect with talent in an ever-changing world of work. As The People Company®, we put people first – connecting job seekers with meaningful opportunities while delivering smart, scalable workforce solutions for enterprises across industries and worldwide. Powered by innovative technology and decades of expertise, our brands – PeopleReady, PeopleScout, Staff Management | SMX, Centerline, SIMOS, and Healthcare Staffing Professionals – offer flexible staffing, workforce management, and recruitment solutions that propel businesses and careers. Discover how we're shaping the future of work at
Yahoo
06-05-2025
- Business
- Yahoo
TrueBlue Inc (TBI) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Revenue: $370 million, a decline of 8% year-over-year. Gross Margin: 23.3%, down 140 basis points. Net Loss: $14 million for the quarter. Adjusted Net Loss: $12 million. Adjusted EBITDA: Minus $4 million. SG&A Reduction: Reduced by 12%. PeopleSolutions Revenue: Declined 2%, with 24-percentage-points of inorganic growth from HSP. PeopleReady Revenue: Declined 15%. PeopleManagement Revenue: Increased by 1%. Cash and Debt: $23 million in cash and $58 million in debt. Total Liquidity: $94 million. Warning! GuruFocus has detected 2 Warning Signs with TBI. Release Date: May 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. TrueBlue Inc (NYSE:TBI) achieved revenue of $370 million for the quarter, reaching the high end of their outlook range. The company secured a new engagement with a global logistics company, replacing over 35 vendors and enhancing efficiencies. TrueBlue Inc (NYSE:TBI) is expanding its presence in high-growth and underpenetrated markets, particularly in healthcare, with the acquisition of Healthcare Staffing Professionals. The PeopleScout business has shown momentum with new business wins in professional roles across various industries. The Centerline commercial drivers business delivered its third consecutive quarter of double-digit revenue growth. Total revenue for the quarter declined by 8% year-over-year, reflecting subdued market demand. Gross margin decreased by 140 basis points due to changes in revenue mix and pricing pressures. The company reported a net loss of $14 million for the quarter, with no significant income tax benefit on US operations. PeopleReady revenue declined by 15%, with significant reductions in client volumes across most verticals. Economic uncertainty and evolving governmental policies continue to suppress the staffing industry, impacting business confidence. Q: How did each month of the quarter perform, and were there any noticeable trends? A: Taryn Owen, President and CEO, noted that PeopleManagement returned to growth in Q1 with annualized wins over $35 million. Positive trends were observed in PeopleReady, with efforts to drive growth by taking market share. Carl Schweihs, CFO, added that more geographies showed growth, with one-third of states returning to growth in March. PeopleReady exited March at minus 8%, and PeopleManagement at plus 4%, with similar trends continuing into April. Q: How is the new strategy of adding field sales reps for PeopleReady performing? A: Taryn Owen stated that the first wave of new PeopleReady field sales reps joined in Q1, with plans to expand the sales team by 50% by the end of Q2. Carl Schweihs added that sales-enabled territories outperformed the rest of the business by several points in Q1, with this trend continuing into April. Q: How did Healthcare Staffing Professionals (HSP) perform in Q1, and what are the expectations? A: Carl Schweihs reported that HSP's financial results were in line with expectations for Q1 and the guidance for Q2. The margin profile was in the mid-single digits, as expected. Q: What are the impacts of tariffs and reshoring on TrueBlue's business? A: Taryn Owen mentioned that tariffs could lead to more onshore manufacturing, which would be beneficial for TrueBlue. Customers are increasingly ensuring their workforce is authorized to work in the U.S., with positive trends in Southern border states like Texas, Arizona, and Nevada. Q: How is the JobStack platform performing, and what benefits does it provide? A: Taryn Owen highlighted that JobStack's proprietary technology allows TrueBlue to control its roadmap and meet customer needs. The app's convenience and ease of use are appreciated by users, with enhancements like ReadyMatch technology and digital onboarding working as expected. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
