TrueBlue, Inc. (TBI) Q1 2026 Earnings Call Transcript
TrueBlue (TBI) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to a loss of $0.4 per share a year ago.
TrueBlue, Inc. posted 5% organic growth and 8% total revenue growth to $418M. TBI energy revenue surged 60%, doubling two straight quarters, now 15% of the mix. Q1 guide: 3%–9% revenue growth.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 71 | $323 | $622.67 | $299.67 | 92.78% |
Richard S. Pzena Pzena Investment Management | 2.87M | $48.86M | $25.07M | -$23.79M | -48.69% |
Joseph Castro Nuveen LLC | 97,446 | $570,225.39 | $847,292.97 | $277,067.58 | 48.59% |
Bobby Adusumilli SJS Investment Consulting Inc. | 2 | $7.82 | $16.6 | $8.78 | 112.28% |
David Jarvis Corton Capital Inc. | 10,960 | $71,020.8 | $88,721.2 | $17,700.4 | 24.92% |
| Professional Services Industry | Industrials Sector | Taryn R. Owen CEO | NYSE Exchange | 89785X101 CUSIP |
| US Country | 3,500 Employees | - Last Dividend | 13 Jul 1999 Last Split | 13 Jun 1996 IPO Date |
TrueBlue, Inc., operating alongside its subsidiaries, provides an array of specialized workforce solutions across various nations including the United States, Canada, the United Kingdom, Australia, and Puerto Rico. The company has structured its services into three primary segments: PeopleReady, PeopleManagement, and PeopleScout, catering to the diverse needs of industries such as construction, transportation, manufacturing, retail, hospitality, renewable energy, warehousing, and distribution. Originally founded as Labor Ready, Inc. in 1985, the organization underwent a rebranding to TrueBlue, Inc. in December 2007, and is headquartered in Tacoma, Washington. This strategic move reflected its broadened scope and commitment to offering comprehensive employment services and solutions.
This segment offers general, industrial, and skilled trade contingent staffing services tailored for sectors like construction, transportation, manufacturing, retail, hospitality, and renewable energy. TrueBlue's PeopleReady is primarily focused on facilitating immediate, reliable workforce solutions for businesses needing temporary staff for specific projects or peak season demands.
Included within this service line are contingent, on-site industrial staffing and commercial driver services, which encompass on-site management and recruitment for contingent industrial workforce within manufacturing, warehousing, and distribution facilities. Additionally, PeopleManagement provides recruitment and management of contingent and dedicated commercial drivers for the transportation and distribution industries, operating under the brands Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers. This segment specializes in offering tailored workforce solutions that improve operational efficiency and productivity.
TrueBlue's PeopleScout offers comprehensive recruitment process outsourcing, talent advisory services, and managed service provider solutions. The services include a wide range of offerings from sourcing, screening, hiring, and onboarding services; operation of Affinix, a technology platform designed to streamline the recruitment process; to talent advisory services which cover employer branding, recruitment marketing, talent insights, diversity, equity, inclusion consulting, candidate assessment, and talent acquisition strategy consulting. Additionally, PeopleScout manages contingent labor programs focusing on vendor selection, performance management, compliance monitoring, and risk management, ensuring businesses have access to a managed, scalable workforce.