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Stock impact report

TrueBlue Reports First Quarter 2024 Results

TrueBlue, Inc. (TBI) 
Last trueblue, inc. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Business Wire
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its first quarter results for 2024.First Quarter 2024 Financial HighlightsRevenue decreased 13 percent to $403 million compared to prior year periodNet loss of $2 million compared to net loss of $4 million in the prior year periodSG&A improved by 13 percentAdjusted EBITDA1 of -$3 million and adjusted net income of $1 millionZero debt, cash of $36 million and $140 million of borrowing availability$10 million in share repurchases with $45 million remaining under authorizationCommentary“As anticipated, market conditions have remained challenging and we continue to manage through the current cycle with agility and discipline,” said Taryn Owen, President and CEO of TrueBlue. “Our teams are staying highly engaged with clients, leveraging our flexible and short duration offerings as well as tapping into opportunities in high-growth and attractive end markets. Our commitment to growing sales by providing excellent service Show less Read more
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