TrueBlue delivered its second consecutive quarter of organic revenue growth, driven by momentum in skilled businesses and stable demand. The company reported a revenue of $418 million, an 8% increase year-over-year, but also a net loss of $32 million, which included an $18 million non-cash impairment charge. Management remains focused on improving profitability, lowering operating costs, and building a more efficient organization.
Fourth quarter revenue increased by 8% to $418 million compared to the prior year period, including $14 million from the HSP acquisition.
The company reported a net loss of $32 million for the quarter, a significant increase from the $12 million net loss in the prior year, primarily due to an $18 million impairment charge.
Selling, general and administrative (SG&A) expense improved by 11% to $95 million, down from $107 million in the prior year period.
Adjusted EBITDA for the quarter was $2 million, a decrease from $9 million in the prior year period.
TrueBlue is providing forward-looking information for 2026 to assist investors in forming their estimates, which can be found in the quarterly earnings presentation.
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