TrueBlue reports Q3 EPS 16c, consensus 23c

Reports Q3 revenue $473M, consensus $488.9M. “While the operating environment remains soft, we are starting to see signs of potential stabilization in the demand trends for certain parts of our business,” said Taryn Owen, President and CEO of TrueBlue. “We are focused on staying highly engaged with our clients to meet their current needs and to be ready to meet higher demand when business conditions improve. We also continue to be disciplined in the pricing of our services and with cost management, while preserving our operational and balance sheet strengths. These actions position us well to achieve strong operating leverage and financial flexibility when demand rebounds.”