trueblue (nyse: tbi) is a leading staffing, recruiting and workforce management company. the company fills individual positions on demand, staffs entire facilities, and manages outsourced recruiting processes and staffing vendor programs for a wide variety of clients. the company's specialized workforce solutions meet clients' needs for a reliable, efficient workforce, and it services a wide variety of industries including construction, energy, manufacturing, financial services, pharmaceuticals, transportation, aviation and energy. trueblue assigns as many as 100,000 people to work each day, drawing from a data base of hundreds of thousands of candidates, and places more than 250,000 people in permanent positions each year.
Company profile
Ticker
TBI
Exchange
Website
CEO
A. Patrick Beharelle
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LABOR READY INC
SEC CIK
Corporate docs
Subsidiaries
Centerline Drivers, LLC • Labor Ready Holdings, Inc. • Labour Ready Temporary Services, Ltd. • PeopleReady, Inc. • PeopleReady Florida, Inc. • PeopleScout, Inc. • PeopleScout MSP, LLC • PeopleScout Pty, Ltd • PeopleScout Singapore Pte. Ltd. • SIMOS Insourcing Solutions, LLC ...
IRS number
911287341
TBI stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
15 Aug 23
S-8
Registration of securities for employees
24 Jul 23
10-Q
2023 Q2
Quarterly report
24 Jul 23
8-K
Trueblue Reports Second Quarter 2023 Results
24 Jul 23
UPLOAD
Letter from SEC
6 Jul 23
CORRESP
Correspondence with SEC
30 Jun 23
UPLOAD
Letter from SEC
21 Jun 23
8-K
Submission of Matters to a Vote of Security Holders
15 May 23
10-Q
2023 Q1
Quarterly report
24 Apr 23
8-K
Trueblue Reports First Quarter 2023 Results
24 Apr 23
Transcripts
TBI
Earnings call transcript
2023 Q2
24 Jul 23
TBI
Earnings call transcript
2023 Q1
24 Apr 23
TBI
Earnings call transcript
2022 Q4
1 Feb 23
TBI
Earnings call transcript
2022 Q2
26 Jul 22
TBI
Earnings call transcript
2022 Q1
25 Apr 22
TBI
Earnings call transcript
2021 Q4
3 Feb 22
TBI
Earnings call transcript
2021 Q3
26 Oct 21
TBI
Earnings call transcript
2021 Q2
27 Jul 21
TBI
Earnings call transcript
2021 Q1
27 Apr 21
TBI
Earnings call transcript
2020 Q4
4 Feb 21
Latest ownership filings
4
STEVEN C COOPER
14 Sep 23
4
Paul G Reitz
6 Sep 23
3
Paul G Reitz
18 Aug 23
4
Garrett Ferencz
7 Aug 23
4
Richard P. Betori
5 Jul 23
4
Carl Schweihs
5 Jul 23
4
Carl Schweihs
12 Jun 23
144
Notice of proposed sale of securities
8 Jun 23
4
Kristy A. Fitzsimmons-Willis
30 May 23
144
Notice of proposed sale of securities
25 May 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 107.75 mm | 107.75 mm | 107.75 mm | 107.75 mm | 107.75 mm | 107.75 mm |
| Cash burn (monthly) | 612.67 k | (no burn) | 2.19 mm | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 1.90 mm | n/a | 6.77 mm | n/a | n/a | n/a |
| Cash remaining | 105.85 mm | n/a | 100.98 mm | n/a | n/a | n/a |
| Runway (months of cash) | 172.8 | n/a | 46.2 | n/a | n/a | n/a |
Institutional ownership, Q2 2023
94.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 145 |
| Opened positions | 16 |
| Closed positions | 25 |
| Increased positions | 45 |
| Reduced positions | 62 |
| 13F shares | Current |
|---|---|
| Total value | 508.91 bn |
| Total shares | 29.27 mm |
| Total puts | 1.20 k |
| Total calls | 6.20 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 5.25 mm | $92.95 bn |
| Vanguard | 4.15 mm | $73.54 bn |
| Hotchkis & Wiley Capital Management | 2.56 mm | $45.30 bn |
| Pzena Investment Management | 2.43 mm | $43.09 bn |
| Dimensional Fund Advisors | 2.28 mm | $40.47 bn |
| STT State Street | 1.23 mm | $21.72 bn |
| Charles Schwab Investment Management | 762.47 k | $13.50 bn |
| Geode Capital Management | 604.63 k | $10.71 bn |
| AMP Ameriprise Financial | 550.31 k | $9.75 bn |
| Bridgeway Capital Management | 513.79 k | $9.10 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Sep 23 | Steven C Cooper | Common Stock | Payment of exercise | Dispose F | No | No | 13.86 | 76,194 | 1.06 mm | 318,467 |
| 1 Sep 23 | Reitz Paul G | Common Stock | Grant | Acquire A | No | No | 0 | 4,067 | 0.00 | 4,067 |
| 3 Aug 23 | Garrett Ferencz | Common Stock | Payment of exercise | Dispose F | No | No | 15.33 | 1,064 | 16.31 k | 66,502 |
| 8 Jun 23 | Schweihs Carl | Common Stock | Sell | Dispose S | No | No | 18.15 | 5,750 | 104.36 k | 48,729 |
News
TrueBlue Promotes Taryn Owen To President And Chief Executive Officer, Effective September 12, 2023
15 Aug 23
BMO Capital Maintains Outperform on TrueBlue, Lowers Price Target to $20
26 Jul 23
Why TrueBlue Shares Are Diving Today
25 Jul 23
12 Industrials Stocks Moving In Tuesday's Intraday Session
25 Jul 23
Why Alaska Air Group Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
25 Jul 23
Press releases
TrueBlue CFO Derrek Gafford Honored with Oracle's Change Agent Award
19 Sep 23
TrueBlue Automates Finance and HR with Oracle Fusion Cloud Applications
18 Sep 23
Centerline Drivers announces partnership with Truckers Against Trafficking
1 Sep 23
PeopleReady Named a 2023 Leader in US Industrial Contingent Talent and Strategic Solutions by Everest Group
24 Aug 23
Nearly 22 Million Job Postings in First Half of 2023: New Report by Staffing Giant PeopleReady
22 Aug 23