---
schema_version: "secwatch.filing_event.v1"
accession: "0000768899-24-000083"
form_type: "8-K"
ticker: "TBI"
cik: "0000768899"
company_name: "TrueBlue, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:36:49.505575+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000768899-24-000083
- form_type: 8-K
- ticker: TBI
- cik: 0000768899
- company_name: TrueBlue, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/768899/000076889924000083/0000768899-24-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/768899/000076889924000083/tbi-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000768899-24-000083
- JSON: https://secwatch.observer/filing/0000768899-24-000083.json
- Plain text: https://secwatch.observer/filing/0000768899-24-000083.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/768899/000076889924000083/0000768899-24-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.