TrueBlue Q1 revenue up 20% to $552M; GAAP EPS $0.30, adjusted $0.44

TrueBlue, Inc.

2022-Q1 EPS reported $0.30 revenue$551,515,000

Revenue $552M (+20% YoY); GAAP diluted EPS $0.30 vs $0.20 YoY; adjusted diluted EPS $0.44 vs $0.25 YoY.
All three segments (PeopleReady, PeopleScout, PeopleManagement) delivered revenue growth in Q1.
Fourth consecutive quarter of double-digit revenue growth; operating margin expanded YoY.
Management attributed growth to bill rate increases, worker supply improvement, and new client demand.
Outlook for Q2 and FY2022 was provided in the earnings presentation; no specific guidance numbers disclosed in the release.

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