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Dec 29, 2024
TrueBlue Q4 2024 Earnings Report
TrueBlue reported a decrease in revenue and an increased net loss for the fourth quarter of 2024 compared to the prior year, while adjusted EBITDA saw an increase.
Key Takeaways
TrueBlue's fourth quarter 2024 results showed a revenue of $386 million, a 22% decrease from the prior year, and a net loss of $12 million, compared to a $3 million net loss in Q4 2023. Despite the revenue decline, adjusted EBITDA increased to $9 million from $5 million in the prior year period, indicating some operational improvements.
Revenue for Q4 2024 was $386 million, a 22% decrease from $492 million in Q4 2023.
The company reported a net loss of $12 million in Q4 2024, an increase from a $3 million net loss in Q4 2023.
Adjusted EBITDA increased to $9 million in Q4 2024, up from $5 million in the prior year period.
TrueBlue acquired Healthcare Staffing Professionals, Inc. (HSP) for $42 million, effective January 31, 2025, to expand into the healthcare end-market.
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 fourth quarter 2024 results on a webcast at 2:00 p.m. PT (5:00 p.m. ET), today, Wednesday, Feb. 19, 2025.
Positive Outlook
- Commitment to capturing market share and enhancing long-term profitability through clear strategic priorities.
- Advancing digital transformation through an enhanced user experience.
- Expanding in high-growth end-markets and high-value roles.
- Optimizing business model to drive enhanced sales focus and accelerate growth.
- Strong start in 2025 with the accretive acquisition of HSP.
Challenges Ahead
- Market conditions remain challenging.
- Customers seeking improved market confidence before making significant adjustments to workforce strategies.
- Reliance on customer demand volumes returning for strong growth and expanded profitability.
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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