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Sep 27, 2020
TrueBlue Q3 2020 Earnings Report
Returned to profitability and saw steady improvements in revenue trends.
Key Takeaways
TrueBlue's third quarter revenue was $475 million, a decrease of 25 percent compared to the third quarter of 2019. Net income per diluted share was $0.25 compared to a net loss per diluted share of $0.23 in the second quarter of 2020 and net income per diluted share of $0.68 in the third quarter of 2019. Adjusted net income per diluted share was $0.24 compared to an adjusted net loss per diluted share of $0.12 in the second quarter of 2020 and adjusted net income per diluted share of $0.76 in the third quarter of 2019.
Returned to profitability through cost management actions.
Saw steady improvements in revenue trends across most industries and geographies.
Focused on leveraging technology to capture additional market share and reduce service delivery costs.
Balance sheet remains strong with low debt levels and ample liquidity.
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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