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Dec 31, 2023
TrueBlue Q4 2023 Earnings Report
TrueBlue's Q4 2023 performance was marked by a revenue decrease, and a net loss, but also highlighted strong performance in renewable energy and disciplined cost management.
Key Takeaways
TrueBlue reported a 12% decrease in revenue to $492 million for Q4 2023 compared to the prior year. The company experienced a net loss of $3 million, with adjusted EBITDA at $5 million and adjusted net income at $3 million. Despite the revenue decrease, TrueBlue is focusing on high-growth verticals and managing costs to enhance long-term profitability.
Revenue decreased by 12% to $492 million compared to the prior year period.
Net loss was $3 million, with adjusted EBITDA of $5 million and adjusted net income of $3 million.
The company had zero debt, $62 million in cash, and $86 million of borrowing availability.
TrueBlue is focused on leveraging strengths to capture market share and managing costs to enhance long-term profitability.
Revenue by Segment
Forward Guidance
TrueBlue is providing forward-looking information in their quarterly earnings presentation.
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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