Trueblue, Inc. (TBI) Tops Q2 EPS by 5c

Trueblue, Inc. (NYSE: TBI) reported Q2 EPS of $0.45, $0.05 better than the analyst estimate of $0.40. Revenue for the quarter came in at $628 million versus the consensus estimate of $635.09 million.

Trueblue, Inc. sees Q3 2015 EPS of $0.52-$0.58, versus the consensus of $0.58. Trueblue, Inc. sees Q3 2015 revenue of $658-673 million, versus the consensus of $667.8 million.

“During the quarter, we saw solid demand for both our legacy staffing and acquired brands,” said TrueBlue CEO Steve Cooper. “The addition of Staff Management | SMX, PeopleScout and HRX has grown TrueBlue’s client list by providing customers with workforce management and recruiting process outsourcing (RPO) solutions with worldwide capabilities.”

Cooper expressed confidence that the company’s staffing, workforce management and RPO businesses, combined with its acquisition strategy, have placed TrueBlue in position to drive strong revenue growth.

“We are seeing the benefits of our strategic acquisitions, which are complementing the demand for our core business,” Cooper said. “The end of the second quarter marked the one-year anniversary of the acquisition of Seaton, and as we look back at it a year later, we are extremely pleased with every aspect of the acquisition. PeopleScout, Staff Management | SMX and HRX met all performance expectations while adding top talent and expanding our technological capabilities.”

For earnings history and earnings-related data on Trueblue, Inc. (TBI) click here.

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