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Mar 26, 2023
TrueBlue Q1 2023 Earnings Report
Reported first quarter results, showing revenue decrease but operational execution in line with company outlook.
Key Takeaways
TrueBlue's first quarter revenue was $465 million, a 16% decrease compared to the previous year. The company reported a net loss per diluted share of $0.13, compared to a net income per diluted share of $0.30 in the first quarter of 2022. Despite macroeconomic challenges, demand for services aligned with expectations and the company repurchased $25 million of common stock.
First quarter revenue was $465 million, a 16% decrease year-over-year.
Net loss per diluted share was $0.13, compared to net income per diluted share of $0.30 in the first quarter of 2022.
Adjusted net loss per diluted share was $0.06, compared to adjusted net income per diluted share of $0.44 in the first quarter of 2022.
Repurchased $25 million of common stock during the quarter.
Forward Guidance
TrueBlue is providing certain forward-looking information to help investors form their own estimates, which can be found in the quarterly earnings presentation filed today.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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