TrueBlue (TBI) Tops Q2 EPS by 6c

TrueBlue (NYSE: TBI) reported Q2 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $516 million versus the consensus estimate of $507.48 million.

“The momentum from earlier in the year carried into the second quarter with strong revenue growth across all segments driven by new business wins and higher existing client volumes,” said Patrick Beharelle, CEO of TrueBlue. “We are capitalizing on strong demand in the markets and industries we serve and driving improvement in our segment profit margins.

“I’m enthusiastic that our technology strategies will also make our service delivery costs more scalable resulting in a higher EBITDA1 margin during this economic expansion compared to the last cycle,” Mr. Beharelle continued. “JobStack continues to be a competitive differentiator for our PeopleReady business as heavy client users show stronger growth compared to the rest of our customer base and now represent 46% of PeopleReady U.S. on-demand revenue. We are excited about the prospects for the remainder of the year and beyond.”

For earnings history and earnings-related data on TrueBlue (TBI) click here.

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