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Stock impact report

TrueBlue Reports Third Quarter 2024 Results

TrueBlue, Inc. (TBI) 
Last trueblue, inc. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Business Wire
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its third quarter results for 2024.Third Quarter 2024 Financial HighlightsRevenue of $382 million compared to $473 million in the prior year periodNet loss of $8 million compared to net loss of $0 million in the prior year periodSG&A expense reduced by 17 percent to $100 million compared to $121 million in the prior year periodAdjusted EBITDA1 of $5 million compared to $10 million in the prior year periodZero debt, cash of $15 million and $133 million of borrowing availability at period end$4 million in share repurchases with $34 million remaining under authorizationCommentary“As expected, market conditions remained challenging but we continue to manage through the cycle with the discipline and agility needed to ensure we are even better positioned as conditions improve,” said Taryn Owen, President and CEO of TrueBlue. “Given the labor dynamics at play, we are focused on the areas we can control. Our teams are sta Show less Read more
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