NYSE$TBI

TrueBlue Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter results that exceeded pre-pandemic 2019 levels.

TrueBlue reported Q4 2021 revenue of $622 million, a 20% increase compared to Q4 2020, and net income per diluted share of $0.57, compared to $0.23 in Q4 2020. Full-year revenue was $2.2 billion, an increase of 18% compared to 2020, with net income per diluted share of $1.74, compared to a net loss per diluted share of $4.01 in 2020.

  • Fourth quarter revenue increased by 20% compared to the fourth quarter of 2020.
  • Net income per diluted share was $0.57, an increase compared to net income per diluted share of $0.23 in the fourth quarter of 2020.
  • Adjusted net income per diluted share was $0.69 compared to adjusted net income per diluted share of $0.33 in the fourth quarter of 2020.
  • The Board of Directors authorized $100 million of share repurchases which the company intends to complete over the next three years.

Headline financials

Total Revenue

$622M

Previous: $519M+19.9%
EPS (adj)

$0.69

Previous: $0.33+109.1%
Capital Expenditures

$6.23M

Previous: $10.8M-42.4%
Free Cash Flow

$13.6M

Previous: $42.9M-68.2%
Net Income

$20.2M

Previous: $8.03M+151.8%
Operating Income

$22M

Previous: $9.14M+140.2%
Gross Profit

$167M

Previous: $121M+38.1%
Cash & Equivalents

$49.9M

Previous: $62.5M-20.2%
Total Assets

$1.03B

Previous: $981M+5.4%
Stock-Based Comp

$3.79M

Previous: $2.35M+61.4%

Revenue & EPS history

TrueBlue · Revenue · Quarterly

$622M

Q4 2021+19.9%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
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 Q4 2021

Historical avgQ4 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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