TrueBlue, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 24, 2023
October 23, 2023 at 04:14 pm EDT
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TrueBlue, Inc. reported earnings results for the third quarter and nine months ended September 24, 2023. For the third quarter, the company reported net loss was USD 0.01 million compared to net income of USD 20.7 million a year ago.
For the nine months, net loss was USD 11.62 million compared to net income of USD 55.23 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 1.67 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 1.65 a year ago.
TrueBlue, Inc. is a provider of specialized workforce solutions. It operates through three segments: PeopleReady, PeopleScout and PeopleManagement. The PeopleReady segment provides on-demand and skilled labor in a range of industries, such as construction, transportation, manufacturing, retail, hospitality, and renewable energy. The PeopleScout segment provides permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the operating segments: PeopleScout Recruitment Process Outsourcing (RPO), which outsources recruitment of permanent employees on behalf of clients and employer branding services; and PeopleScout managed service provider (MSP), which manages multiple third-party staffing vendors on behalf of clients. It also provides talent advisory solutions. The PeopleManagement segment offers contingent, on-site industrial staffing and commercial driver services primarily on-site at the clientâs facility.
TRUEBLUE, INC. 
