Expansion and Strategic Acquisitions
TrueBlue strategically expanded its total addressable market from $45 billion to $90 billion with the acquisition of health care staffing professionals (HSP), enhancing its presence in high-growth sectors like health care.
Cost Reduction and Efficiency Improvements
The company implemented $90 million in permanent SG&A savings from its 2022 base, driving margin expansion during the industry downturn.
Growth in Skilled and Energy Segments
TrueBlue's skilled businesses delivered double-digit growth for the quarter, and the commercial driver business achieved its fourth consecutive quarter of double-digit revenue growth.
Digital Transformation and Innovation
The company integrated AI into its platform strategies, enhancing job matching and predictive analytics, leading to improved fill rates and client satisfaction.