secwatch.observer — SEC 8-K summary
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Issuer:     TrueBlue, Inc. (TBI)
CIK:        0000768899
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000768899-24-000083
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768899/000076889924000083/0000768899-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768899/000076889924000083/tbi-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000768899-24-000083

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