NYSE$TBI

TrueBlue Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong revenue growth across all segments, delivering improving results.

TrueBlue reported strong second-quarter results, with revenue increasing by 44% to $516 million compared to the previous year. Net income per diluted share was $0.45, a significant improvement from the net loss per diluted share of $0.23 in the second quarter of 2020. The company is capitalizing on strong demand and driving improvement in segment profit margins.

  • Second quarter revenue increased 44 percent year-over-year to $516 million.
  • Net income per diluted share was $0.45 compared to a net loss per diluted share of $0.23 in the second quarter of 2020.
  • Adjusted net income per diluted share was $0.47 compared to adjusted net loss per diluted share of $0.12 in the second quarter of 2020.
  • JobStack continues to be a competitive differentiator for PeopleReady, with heavy client users showing stronger growth.

Headline financials

Total Revenue

$516M

Previous: $359M+43.7%
EPS (adj)

$0.47

Previous: -$0.12+491.7%
Adjusted EBITDA

$25.2M

No prior period
Capital Expenditures

-$19.9M

Previous: -$11.6M-70.7%
Free Cash Flow

-$3.98M

Previous: -$19.8M+79.9%
Net Income

$15.9M

Previous: -$8.17M+294.5%
Operating Income

$18.9M

Previous: -$21.2M+189.2%
Gross Profit

$136M

Previous: $83.2M+64.0%
Cash & Equivalents

$105M

Previous: $92.1M+14.3%
Total Assets

$1.02B

Previous: $903M+12.7%
Stock-Based Comp

$3.57M

Previous: $2.84M+25.9%

Revenue & EPS history

TrueBlue · Revenue · Quarterly

$516M

Q2 2021+43.7%vs Q2 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 Q2 2021

Historical avgQ2 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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