Latest news with #TarynOwen
Business Wire
02-07-2025
- Business
- Business Wire
TrueBlue Recognized for RPO Leadership in Everest Group's RPO PEAK Matrix®
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that its global talent solutions brand, PeopleScout, has been named a Leader in Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2025 – Global. 'This recognition highlights the value and impact of the talent solutions TrueBlue provides to countless businesses,' said Taryn Owen, President and CEO of TrueBlue. 'Leveraging a powerful combination of technology innovation, data-driven insights and deep industry expertise, our PeopleScout team helps organizations around the world meet today's workforce challenges, playing a critical role in advancing our mission to connect people and work.' "PeopleScout continues to build on its strong foothold in key geographies with established offshore and onshore capabilities. Its experience in hiring across high-volume and specialized roles in industries such as healthcare, retail, and manufacturing continues to benefit its clients meaningfully," said Sailesh Hota, Practice Director, Everest Group. "In 2024, PeopleScout continued to strengthen its agile and modular RPO solutions as well as strategic advisory services. These advancements, combined with its ongoing investments in enhancing the Affinix platform with advanced automation and AI capabilities, have contributed to its positioning as a Leader on Everest Group's Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2025 – Global.' Everest Group's assessment of PeopleScout on this year's PEAK Matrix® highlighted several key strengths: PeopleScout brings a strong understanding of client needs and deep expertise across industries, including healthcare, IT, and engineering. Backed by decades of experience and driven by TrueBlue's mission to connect people and work, PeopleScout delivers tailored solutions, connecting organizations of all sizes with top-notch talent around the world. With a focus on flexibility and speed, PeopleScout delivers scalable talent solutions to meet evolving workforce needs. From modular support through Amplifiers™ to rapid-deployment RPO via Accelerate™, PeopleScout helps clients adapt quickly – offering services that span the talent lifecycle and reflect TrueBlue's commitment to delivering smart, people-first workforce solutions. PeopleScout's proprietary total talent technology suite, Affinix®, powers a digitally enabled talent experience that accelerates hiring and improves outcomes. With embedded AI and automation – from intelligent sourcing and personalized engagement to workflow optimization and analytics – Affinix brings TrueBlue's digital transformation strategy to life, helping clients make faster, smarter workforce decisions in today's dynamic talent landscape. 'We are honored to once again be recognized as a Leader by Everest Group,' said Rick Betori, President of PeopleScout and EVP of TrueBlue. 'This distinction reflects the breadth of our industry expertise and our team's unwavering commitment to deliver agile, scalable talent solutions that drive meaningful business outcomes. As we continue to expand our capabilities and enhance our technology platform, we remain focused on building workforce strategies that help our clients adapt and thrive in today's dynamic market.' To learn more about what makes PeopleScout a global leader in RPO, visit About TrueBlue TrueBlue, Inc. (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
Business Wire
09-06-2025
- Business
- Business Wire
TrueBlue Recognized for MSP Leadership by HRO Today on 2025 Baker's Dozen
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced it has been recognized for its leadership in Managed Service Provider (MSP) solutions by HRO Today, following strong performance by its PeopleScout brand in the 2025 MSP Baker's Dozen Customer Satisfaction Ratings. PeopleScout ranked No. 1 in both the Breadth of Service and Size of Deal categories, and No. 4 overall. 'This recognition reflects the trust our clients place in us and the strength of our solutions across the contingent workforce landscape,' said Taryn Owen, President and CEO of TrueBlue. 'Through our PeopleScout brand and our broader TrueBlue capabilities, we deliver scalable, tech-enabled staffing solutions that help organizations navigate workforce challenges and drive real business results.' 'PeopleScout continues to stand out as a leader on the MSP Baker's Dozen,' said Elliot Clark, CEO and Chairman of SharedXpertise and HRO Today. 'They bring deep expertise and a flexible, client-first approach to the table, enabling organizations to more effectively manage the complexities of today's contingent workforce.' PeopleScout has been named to HRO Today's MSP Baker's Dozen list every year since its inception in 2010. Backed by more than three decades of experience, PeopleScout's MSP programs span the full contingent lifecycle—from requisition to invoicing—combining proven supplier management, deep talent acquisition expertise and a culture of service that drives measurable client outcomes. PeopleScout's MSP solutions are enhanced by Affinix®, TrueBlue's proprietary total talent technology suite. Affinix's analytics and market intelligence platform integrates seamlessly with any Vendor Management System (VMS), providing real-time visibility into supplier performance, program spend, and workforce trends. Its AI-powered capabilities help clients make smarter, faster decisions, tracking key human capital metrics through a proprietary supplier scoring system and dashboard. 'As organizations continue to rely on contingent talent to close critical skills gaps, our MSP solutions offer the structure and agility to compete in a dynamic market,' said Rick Betori, President of PeopleScout. 'We are proud to be recognized and thankful to our clients for their continued partnership.' The HRO Today MSP Baker's Dozen rankings are based solely on client feedback and evaluate providers across three key dimensions: breadth of service, size of deal, and quality of service. About TrueBlue TrueBlue, Inc. (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
Yahoo
28-02-2025
- Business
- Yahoo
CEO, President & Director of TrueBlue Picks Up 9.6% More Stock
Whilst it may not be a huge deal, we thought it was good to see that the TrueBlue, Inc. (NYSE:TBI) CEO, President & Director, Taryn Owen, recently bought US$76k worth of stock, for US$5.94 per share. However, it only increased their shares held by 9.6%, and it wasn't a huge purchase by absolute value, either. See our latest analysis for TrueBlue In fact, the recent purchase by Taryn Owen was the biggest purchase of TrueBlue shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$6.19 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices. TrueBlue insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that TrueBlue insiders own about US$5.7m worth of shares (which is 3.1% of the company). We do generally prefer see higher levels of insider ownership. It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that TrueBlue insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for TrueBlue. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Associated Press
18-02-2025
- Business
- Associated Press
SMX Brand Receives Diamond Distinction for Decade of Service Excellence with ClearlyRated 2025 Best of Staffing Awards
SIMOS Solutions and Centerline Drivers also receive awards for dedication to client satisfaction TACOMA, Wash., Feb. 18, 2025 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, is pleased to announce that its brand Staff Management | SMX has received the distinction as a 10-Year Diamond award winner by the ClearlyRated 2025 Best of Staffing Awards®. Demonstrating its longstanding commitment to customer satisfaction, this distinction recognizes staffing companies that have been on the ClearlyRated Best of Staffing list for 10 consecutive years. SIMOS Solutions and Centerline Drivers have also been recognized for the fourth consecutive year by the ClearlyRated 2025 Best of Staffing Awards® for dedication to client satisfaction. The award recognizes superior service to customers and is awarded based on customer feedback and satisfaction levels. 'The 10-Year Diamond award for Staff Management | SMX and the continued recognition for Centerline Drivers and SIMOS Solutions are a testament to our entire team's hard work and dedication to delivering consistent, high-quality customer service,' said Taryn Owen, President and CEO of TrueBlue. 'We are truly grateful to our clients for their continued trust and support, and we remain dedicated to helping them solve their workforce challenges, ultimately advancing our mission to connect people and work.' ClearlyRated's Best of Staffing Award is the only award in the U.S. and Canada that recognizes staffing agencies that have proven superior service quality based entirely on ratings provided by their clients, placed talent, and internal employees. 'Our employees consistently put in the extra effort to ensure our customers receive top-notch service, and I'm proud to see our teams acknowledged yet again for their exceptional dedication and performance,' said Jerry Wimer, President of PeopleManagement (Staff Management |SMX, SIMOS Solutions and Centerline Drivers collectively). 'I'm delighted to present the winners of the 2025 Best of Staffing award,' said ClearlyRated's CEO, Baker Nanduru. 'These remarkable organizations have set themselves apart through their relentless pursuit of service excellence and extraordinary client experiences. They exemplify the highest standards of professionalism, and I'm privileged to shine a spotlight on their outstanding achievements—congratulations on continuing to transform our industry!' About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. In 2023, TrueBlue served 67,000 clients and connected approximately 464,000 people to work. Its PeopleReady segment offers on-demand, industrial staffing; PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries; and PeopleManagement offers contingent, on-site industrial staffing and commercial driver services. Learn more at About ClearlyRated
