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Trueblue Inc (TBI)
NYSE:TBI
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.45Last Year’s EPS
-0.4Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a balanced but constructive picture: revenue and organic growth trends (total revenue +8%, organic +5%), strong momentum in higher-growth verticals (notably energy and renewables), successful integration and contribution from HSB, meaningful SG&A reductions (−11%) and strategic investments in sales and AI-driven technology were highlighted as drivers of future profitable growth. Material near-term margin pressure arose from the non-repeat favorable workers' compensation reserve development and mix shift into renewables, which drove gross margin down ~510 basis points and produced a reported net loss (including an $18M non-cash impairment). Management reinforced a path to expanded margins as demand normalizes and reiterated 2026 revenue guidance of +3% to +9%. Overall, the execution on growth initiatives and cost discipline, coupled with a constructive outlook, outweigh the near-term margin headwinds and one-time items.Company Guidance
Top-Line Growth
Total revenue of $418,000,000, up 8% year-over-year; organic revenue increased 5% with the acquired HSB business contributing approximately 3 percentage points of that growth. Revenue came in near the high end of outlook.
Cost Discipline and Margin Leverage
SG&A reduced by 11% while revenue grew 8% in the quarter, demonstrating improved operating leverage and disciplined cost management that supports margin expansion as demand rebounds.
Energy / Renewables Surge
Energy sector revenue grew ~60% year-over-year and energy reached ~15% of the company portfolio (up from 10% in 2024). PeopleReady’s renewable energy work more than doubled for the second consecutive quarter; renewables represent roughly one-third of PeopleReady activity. Management highlighted multimillion-dollar project wins and a healthy pipeline.
PeopleSolutions and HSB Contribution
PeopleSolutions revenue grew 42% year-over-year, driven by the HSB acquisition. HSB delivered about $40,000,000 of inorganic growth in Q4 and has expanded into three new states since joining TrueBlue; the acquisition contributed ~3 percentage points to organic growth.
Segment-Level Momentum
PeopleReady grew 11% year-over-year with skilled businesses delivering double-digit growth for the third consecutive quarter. Commercial driver business continued to outperform (noted as eight consecutive quarters of growth and multi-quarter/year double-digit performance). PeopleManagement launched 13 new sites in the quarter and PeopleManagement segment profit margin improved by 50 basis points; PeopleSolutions margin improved by 180 basis points.
Strategic Partnerships and Technology
Launched an enterprise strategic partnership with a leading group purchasing organization driving approximately $15,000,000 of annualized new business wins. Advanced proprietary technology (AI-enabled job matching, predictive analytics, AI bill-rate feature) to drive efficiency, matching, and targeted selling.
Balance Sheet and Liquidity Actions
Ended the quarter with $25,000,000 cash, $66,000,000 debt and $68,000,000 borrowing availability for total liquidity of $92,000,000. Debt reduced by $2,000,000 in the quarter and credit facility amended to an asset-backed structure increasing borrowing availability.
Forward Guidance and Margin Opportunity
2026 revenue guidance of +3% to +9% year-over-year (includes ~1 percentage point inorganic from HSB). Management reiterated the potential for above-historical incremental margins (historically 15-20%) as demand normalizes given the optimized fixed cost base.
TBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $4.52 | $3.91 | -13.50% |
Nov 03, 2025 | $4.68 | $5.49 | +17.31% |
Aug 04, 2025 | $6.34 | $6.09 | -3.94% |
May 05, 2025 | $4.29 | $3.84 | -10.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trueblue Inc (TBI) report earnings?
Trueblue Inc (TBI) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is Trueblue Inc (TBI) earnings time?
Trueblue Inc (TBI) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TBI EPS forecast?
TBI EPS forecast for the fiscal quarter 2026 (Q1) is -0.45.