Trueblue ( (TBI) ) has released its Q1 earnings. Here is a breakdown of the information Trueblue presented to its investors.
TrueBlue, Inc. is a staffing and workforce solutions company that connects job seekers with employment opportunities while providing scalable workforce solutions to businesses across various industries globally.
In its first quarter of 2025, TrueBlue reported a revenue of $370 million, marking a decrease from the previous year’s $403 million. The company also recorded a net loss of $14 million, compared to a $2 million net loss in the same period last year.
Key financial metrics highlighted a significant improvement in SG&A expenses, which decreased by 12% to $95 million. However, the adjusted EBITDA showed a slight decline, standing at -$4 million compared to -$3 million in the prior year. The acquisition of Healthcare Staffing Professionals contributed $11 million to the revenue, showcasing TrueBlue’s strategic expansion into the healthcare sector.
Despite the challenging market conditions, TrueBlue’s management remains optimistic about leveraging its strengths and strategic priorities to capture market share and enhance long-term profitability. The company continues to focus on expanding in growth markets and advancing its digital transformation to drive top-line growth and margin expansion.