NYSE$TBI

TrueBlue Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

TrueBlue reported first quarter results, showing a broad-based revenue recovery across all segments.

TrueBlue's first quarter revenue was $459 million, a decrease of 7% compared to the first quarter of 2020. Net income per diluted share was $0.20, compared to a net loss per diluted share of $4.04 in the first quarter of 2020. Adjusted net income per diluted share was $0.25 compared to adjusted net loss per diluted share of $0.01 in the first quarter of 2020.

  • Revenue recovery underway across all segments.
  • Encouraging new business wins and recovery of existing client volumes were observed.
  • Disciplined cost management and investments in sales resources and digital strategies are accelerating strategic priorities.
  • JobStack heavy client users continue to show higher revenue growth compared to the rest of the customer base.

Headline financials

Total Revenue

$459M

Previous: $494M-7.2%
EPS (adj)

$0.25

Previous: -$0.01+2600.0%
Adjusted EBITDA

$13.4M

No prior period
Capital Expenditures

-$10M

Previous: -$7.03M-42.3%
Free Cash Flow

-$3.11M

Previous: -$158M+98.0%
Net Income

$6.9M

Previous: -$150M+104.6%
Operating Income

$6.21M

Previous: -$176M+103.5%
Gross Profit

$111M

Previous: $126M-12.4%
Cash & Equivalents

$88M

Previous: $265M-66.8%
Total Assets

$979M

Previous: $1.14B-13.7%
Stock-Based Comp

$3.34M

Previous: $1.51M+121.7%

Revenue & EPS history

TrueBlue · Revenue · Quarterly

$459M

Q1 2021-7.2%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

TrueBlue · $477M total across 2 segments · Q4 2020

  • PeopleReady
    $297M-18.5%
  • PeopleManagement
    $179M+4.6%

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-3.2%

Avg return

Earnings day

-4.7%

Avg return

5 days after

-1.2%

Avg return

30 days after

34%

23 / 68 earnings

Positive

+25.0%

Q1 2021

Best reaction

-28.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%-11.1%+9.8%
Q4 2025-14.3%-23.9%-20.8%
Q3 2025+17.3%+4.9%+6.6%
Q1 2025-10.5%+2.6%+39.9%
Q4 2024-15.0%-20.3%-23.4%
Q3 2024-3.6%+3.6%+7.9%
Q2 2024-28.2%-31.6%-30.9%
Q1 2024-0.1%+2.4%+5.0%
Q4 2023-13.8%-10.9%-5.7%
Q3 2023-23.1%-22.2%-2.2%
Q2 2023-17.5%-17.5%-14.8%
Q1 2023-13.8%-13.2%-0.9%
Q4 2022-7.9%-5.7%-4.8%
Q3 2022-10.2%-6.1%-2.7%
Q2 2022+9.2%+14.5%+14.9%
Q1 2022-9.3%-12.4%-22.2%
Q4 2021+6.3%-0.9%-0.8%
Q3 2021-10.2%-13.2%-12.8%
Q2 2021+6.6%+6.6%+2.6%
Q1 2021+25.0%+22.8%+16.0%
Q4 2020+3.0%+2.9%+8.5%
Q3 2020-14.8%-15.8%+10.4%
Q2 2020+23.5%+13.0%+19.7%
Q1 2020-3.4%-4.3%+6.4%
Q4 2019-23.4%-26.8%-35.7%
Q3 2019+5.5%+3.7%+4.7%
Q2 2019-13.7%-12.5%-15.8%
Q1 2019-5.3%-3.2%-14.0%
Q4 2018-10.7%-5.7%-13.0%
Q3 2018-1.6%+2.0%-2.1%
Q2 2018-1.6%-0.5%+6.9%
Q1 2018-10.5%-9.2%-1.8%
Q4 2017+5.6%+8.0%+8.8%
Q3 2017+10.8%+9.8%+18.8%
Q2 2017-12.4%-15.0%-20.7%
Q1 2017-1.3%-1.3%-1.8%
Q4 2016+1.9%+4.4%+10.6%
Q3 2016-12.3%-16.1%-4.7%
Q2 2016+12.2%+13.5%+7.6%
Q1 2016-23.5%
Q4 2015+3.4%
Q3 2015+18.5%
Q2 2015-8.0%
Q1 2015+12.9%
Q4 2014-4.9%
Q3 2014-9.3%
Q2 2014-7.6%
Q1 2014-1.5%
Q4 2013+11.5%
Q3 2013-3.1%
Q2 2013+7.8%
Q1 2013+0.1%
Q4 2012+8.3%
Q3 2012-15.6%
Q2 2012-3.0%
Q1 2012+1.7%
Q4 2011+1.4%
Q3 2011-8.1%
Q2 2011-8.4%
Q1 2010+2.0%
Q1 2011+1.3%
Q4 2008-8.2%
Q4 2010-8.2%
Q3 2010-4.2%
Q3 2009-4.2%
Q2 2009-0.8%
Q4 2009-0.8%
Q2 2010-0.8%

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