TrueBlue Q1 revenue down 13% to $403M; net loss narrows to $2M

TrueBlue, Inc.

2024-Q1 EPS reported -$0.05 revenue$402,853,000

Revenue $403M, down 13% YoY from $465M; net loss $2M vs $4M prior year.
Adjusted net income $1M ($0.03 diluted EPS); adjusted EBITDA -$3M.
SG&A improved 13%; zero debt, cash $36M, $140M borrowing availability.
Repurchased $10M in shares; $45M remaining under authorization.
Guidance referenced in earnings presentation for Q2 and FY2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TrueBlue, Inc. reported first quarter ended March 31, 2024 results: revenue $403 million, net income Net loss of $2 million, EPS Net loss per diluted share was $0.05.

Period: first quarter ended March 31, 2024
Revenue: $403 million
Net income: Net loss of $2 million
EPS: Net loss per diluted share was $0.05
Result: reported results

Exact text from the filing

First quarter revenue was $403 million, a decrease of 13 percent compared to revenue of $465 million in the first quarter of 2023. Net loss per diluted share was $0.05 compared to net loss per diluted share of $0.13 in the prior year period.

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Source: SEC EDGAR

accession 0000768899-24-000083

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