TrueBlue Q3 adjusted EPS $0.75, revenue flat $576M; tight labor market boosts margins

TrueBlue, Inc.

2022-Q3 EPS reported $1.65 revenue$1,696,489,000

Revenue $576M, roughly flat vs $577M in Q3 2021.
Net income per diluted share $0.63 vs $0.53; adjusted EPS $0.75 vs $0.59.
CEO cites tight labor pools driving strongest bill/pay spreads in recent history, improving operating margin.
Outlook: demand expected to soften due to economic uncertainty, but secular tailwinds from low labor participation.

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