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TrueBlue Q1 2025 Earnings Report
TrueBlue reported its first quarter 2025 financial results.
Key Takeaways
TrueBlue reported a revenue of $370 million for the first quarter of 2025, an 8% decrease compared to the prior year. The company experienced a net loss of $14 million, a significant increase from the $2 million net loss in the prior year period. Despite subdued market demand, the company highlighted resilience and strategic priorities to capture market share.
Revenue for Q1 2025 was $370 million, an 8% decrease from $403 million in Q1 2024.
Net loss for Q1 2025 was $14 million, compared to a net loss of $2 million in Q1 2024.
Adjusted EBITDA for Q1 2025 was -$4 million, compared to -$3 million in Q1 2024.
SG&A expense improved by 12% to $95 million from $107 million in the prior year period.
Revenue by Segment
Forward Guidance
TrueBlue is providing forward-looking information to help investors form their estimates, which can be found in the quarterly earnings presentation filed today. Management will discuss first quarter 2025 results on a webcast at 2:00 p.m. PT (5:00 p.m. ET), today, Monday, May 5, 2025.
Positive Outlook
- Leveraging inherent strengths and comprehensive service offerings to meet market needs.
- Paving the path forward with strategic priorities to capture market share.
- Enhancing long-term profitability.
- Expanding in secular growth markets and high-value roles, including healthcare.
- Finding new ways to optimize business model and advance digital transformation.
Challenges Ahead
- Subdued market demand continued in the first quarter as expected.
- Evolving governmental policies have hindered business confidence.
- Governmental policies continue to suppress the staffing industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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