NYSE$TBI
TrueBlue Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
TrueBlue · Revenue · Quarterly
$386M
Revenue by segment
TrueBlue · $477M total across 2 segments · Q4 2020
- PeopleReady$297M-18.5%62.4%
- PeopleManagement$179M+4.6%37.6%
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.
Tailwinds
- 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.
Headwinds
- 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.
- Potential impact of national and global economic conditions, including rising interest rates, inflation, political instability, epidemics, and global trade uncertainty.
- Risks related to the ability to attract sufficient qualified candidates and employees, and to attract and retain clients.
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 2024
-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
| Quarter | Report date | Reaction (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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