secwatch.observer — SEC 8-K summary
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Issuer:     TrueBlue, Inc. (TBI)
CIK:        0000768899
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000768899-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TrueBlue Q4 revenue down 12% to $492M; net loss $3M vs prior-year profit
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- Revenue $492M, down 12% vs $558M; on comparable 13-week basis down 15%.
- Net loss $3M ($0.08 diluted loss) vs net income $0.21 diluted in Q4 2022.
- Adjusted EBITDA $5M; adjusted net income $0.08 diluted.
- Full-year revenue $1.9B, down 15%; full-year net loss $0.45 diluted vs income $1.86.
- Zero debt, cash $62M; new credit facility increased borrowing availability to ~$140M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768899/000076889924000041/0000768899-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768899/000076889924000041/tbi-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000768899-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer