TrueBlue, Inc. reported first quarter ended March 29, 2026 results: revenue $399 million, net income net loss of $20 million, EPS $0.66.
“QUARTER 2026 RESULTS TACOMA, WASH. - May 5, 2026 -- TrueBlue (NYSE:TBI) today announced its first quarter results for 2026. First Quarter 2026 Financial Highlights • Revenue of $399 million, up 8 percent compared to the prior year period ◦ 7 percent organic growth excluding $4 million of inorganic revenue from the January 2025 HSP acquisition • Net loss of $20”
Debt Financings
TrueBlue, Inc. amended revolving credit of $175 million with Bank of America, N.A. as administrative agent at a variable rate of interest based on SOFR or the base rate (the highest of (x) t.
“The Amendment reduces the Company’s line of credit from $255 million to $175 million (as may be reduced by the borrowing base from time to time), while retaining the Company’s option to increase the amount by $150 million, subject to lender approval, with no changes in swingline sub-limits, letters of credit sub-limits, interest rate pricing or maturity date.”
Material Agreements
TrueBlue, Inc. amended Second Amendment to Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent, a lender, L/C issuer and swingline lender, and Wells Fargo Bank, N.A., PNC Bank, N.A., KeyBank, N.A., and HSBC Bank USA, N.A. as co-lenders valued at Converts the Agreement from a cash-flow based revolving credit facility to an asset-based lending fa (effective 2026-01-30).
“On January 30, 2026, TrueBlue, Inc. (the “Company”) entered into a Second Amendment to Amended and Restated Credit Agreement (the “Second Amendment”).”
Richard Christensen changed role as Senior Vice President - Risk, Treasury, and Corporate Development at TrueBlue, Inc..
“Mr. Embick will succeed Richard Christensen, who will be transitioning to the role of Senior Vice President - Risk, Treasury, and Corporate Development.”
Jason Embick changed role as Senior Vice President and Chief Accounting Officer at TrueBlue, Inc..
“Jason Embick will be promoted to Senior Vice President and Chief Accounting Officer of the Company, effective August 19, 2024.”
Shareholder Votes
TrueBlue, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP at the 2024-05-15 meeting.
“Ratification of the appointment of Deloitte & Touche LLP to be the company’s independent registered public accounting firm for the fiscal year ending December 29, 2024: For Against Abstain 28,430,371 422,404 2,099”
Shareholder Votes
TrueBlue, Inc. shareholders approved Approval of the amendment and restatement of the company’s 2016 Omnibus Incentive Plan at the 2024-05-15 meeting.
“Approval of the amendment and restatement of the company’s 2016 Omnibus Incentive Plan: For Against Abstain Broker Non-Votes 25,010,618 2,027,883 8,595 1,807,778”
Shareholder Votes
TrueBlue, Inc. shareholders approved Advisory vote on compensation of the company’s named executive officers at the 2024-05-15 meeting.
“Advisory vote on compensation of the company’s named executive officers: For Against Abstain Broker Non-Votes 24,590,177 2,410,111 46,808 1,807,778”
Shareholder Votes
TrueBlue, Inc. shareholders approved Election of Directors at the 2024-05-15 meeting.
“(a) Election of Directors: Nominee For Against Abstain Broker Non-Votes Colleen B. Brown 25,975,311 1,068,011 3,774 1,807,778”
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.
“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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