Expansion into High-Growth Markets
TrueBlue expanded its total addressable market from $45 billion to $90 billion with the acquisition of healthcare staffing professionals. The company is also expanding its skilled and professional roles, with an 8% increase in clients engaging for professional roles and a 29% increase in IT-related hires in 2024.
Cost Reduction and Efficiency
TrueBlue achieved approximately $90 million in permanent SG&A savings since 2022, creating durable cost leverage and enhancing profitability.
Digital Transformation and Innovation
Development of proprietary digital platforms, including AI integration, has enhanced user experience and operational efficiency, driving scalable growth and margin expansion.
Strong Performance in Skilled Businesses
The company's skilled businesses delivered double-digit growth for the quarter, and the commercial driver business delivered its fourth consecutive quarter of double-digit revenue growth.
Positive Revenue Growth Outlook
TrueBlue expects revenue growth of 5% to 11% year-over-year in the third quarter, including contributions from the acquisition of HSP.