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Trueblue Inc (TBI)
NYSE:TBI
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.32Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -43.36%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic expansions, successful technology launches, and strong performance in skilled markets. However, significant revenue declines and net losses underscore ongoing challenges in the current market environment. The acquisition of Health Care Staffing Professionals is a positive step towards growth, but the overall sentiment remains cautiously optimistic.Company Guidance
During the TrueBlue Fourth Quarter 2024 Earnings Call, the management provided detailed guidance and insights into the company's performance and future outlook. The company reported a total revenue of $386 million for the quarter, marking a 22% decline year-over-year, with a comparable 16% decline when adjusting for an extra week in the prior year. The gross margin improved by 50 basis points to 26.6%, driven by a 170 basis point expansion from lower workers' compensation costs, though offset by revenue mix changes and market pressures. SG&A expenses were reduced by 18%, or 24% on an adjusted basis, highlighting disciplined cost management. The net loss for the quarter was $12 million, while adjusted EBITDA was a positive $9 million. Segment-specific performance showed PeopleReady's revenue decreased by 21% on a comparable 13-week basis, PeopleScout declined by 30%, and PeopleManagement decreased by 2%. Additionally, the company expects a first-quarter revenue decline between 13% and 7%, influenced by a 3 percentage point contribution from the Health care Staffing Professionals acquisition. TrueBlue also emphasized its strategic focus on digital transformation, showcasing advancements such as the JobStack app and AI-assisted tools, and highlighted efforts to expand in high-growth markets such as healthcare through key acquisitions.Expansion and Strategic Wins
TrueBlue expanded its role to become the primary staffing provider for an international transportation and logistics company and secured an exclusive partnership with a Fortune 50 technology company for commercial driving services. Additionally, PeopleScout signed a significant contract with the U.K.'s Armed Forces, expected to be one of its top clients.
Launch of Proprietary Technologies
TrueBlue launched its new proprietary JobStack app and introduced AI-assisted digital interviewing and self-scheduling, enhancing operational efficiency and customer experience.
Growth in Skilled Markets
The company reported strong performance in skilled markets, including commercial driving and energy work, with double-digit growth in commercial driving services for the second consecutive quarter.
Health Care Staffing Professionals Acquisition
TrueBlue acquired Health Care Staffing Professionals for $42 million, expected to produce $5 to $7 million in segment profit over the next 12 months. This acquisition enhances TrueBlue's presence in the health care space.
Cost Management and SG&A Reduction
SG&A expenses were reduced by 18%, outpacing the revenue decline. On an adjusted basis, SG&A was reduced by 24%.
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TBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $7.45 | $6.33 | -15.03% |
| Nov 04, 2024 | $7.66 | $7.33 | -4.31% |
| Aug 05, 2024 | $10.71 | $8.10 | -24.37% |
| May 06, 2024 | $10.59 | $10.56 | -0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trueblue Inc (TBI) report earnings?
Trueblue Inc (TBI) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Trueblue Inc (TBI) earnings time?
Trueblue Inc (TBI) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TBI EPS forecast?
TBI EPS forecast for the fiscal quarter 2025 (Q1) is -0.32.
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