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Stock impact report

TrueBlue Reports Fourth Quarter and Full-Year 2023 Results

TrueBlue, Inc. (TBI) 
Last trueblue, inc. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Strong performance in renewable energy and disciplined cost management delivered results at high end of company outlook TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its fourth quarter and full-year results for 2023.Fourth Quarter 2023 Financial HighlightsRevenue decreased 12 percent to $492 million compared to prior year periodFiscal fourth quarter consisted of 14 weeks versus 13 weeks in the fiscal fourth quarter of 2022Revenue decreased 15 percent on a comparable 13-week basisNet loss of $3 millionAdjusted EBITDA1 of $5 million and adjusted net income of $3 millionZero debt, cash of $62 million and $86 million of borrowing availabilityRenewal of 5-year credit facility effective February 9, 2024 increased borrowing availability to approximately $140 millionCommentary“We are managing through this market cycle with agility and discipline,” said Taryn Owen, President and CEO of TrueBlue. “While general market demand remains soft with hiring trends impacted by r Show less Read more
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