TrueBlue (TBI) Tops Q1 EPS by 1c; Guides Below the Street

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TrueBlue Reports 2016 First Quarter Results

April 20, 2016 4:00 PM EDT

TACOMA, Wash.--(BUSINESS WIRE)-- TrueBlue, Inc. (NYSE: TBI) announced today that revenue for the first quarter of 2016 was $646 million, an increase of 13 percent, compared to revenue of $573 million for the first quarter of 2015. Net income for the first quarter was $7 million, compared to $6 million in the same quarter last year. Adjusted net income per share* for the first quarter of 2016 was $0.26, up from $0.23 a year ago. Adjusted EBITDA* for the first quarter of 2016 was $21 million, an increase of 9 percent, compared to $20 million a year ago.

"Our revenue growth slowed throughout the quarter,... More