TrueBlue Q1 revenue rises on skilled verticals expansion

Trueblue

05/05/2026 21:13

Overview

U.S. workforce solutions provider's Q1 revenue rose 8% yr/yr to $399 mln

Net loss widened to $20 mln, including a $4 mln goodwill impairment charge

Company cites expansion in skilled verticals and operational discipline for results

Outlook

Company says demand trends are stabilizing and skilled verticals are expanding

TrueBlue expects initiatives to drive improved performance and sustainable, profitable growth

Company did not provide specific financial guidance in the press release

Result Drivers

SKILLED VERTICALS EXPANSION - Co said revenue growth was driven by continued expansion in skilled verticals

COST DISCIPLINE - SG&A expense improved 8% yr/yr as co maintained operational and cost discipline

SALES MODEL AND EFFICIENCIES - Co said leveraging an enhanced sales model and unlocking technological and operational efficiencies contributed to improved performance

Company press release: ID:nBw8FbVKqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$399 mln
$390.50 mln (2 Analysts)
Q1 Net Income
-$20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the employment services peer group is "buy"

Wall Street's median 12-month price target for TrueBlue Inc is $7.75, about 29.8% above its May 4 closing price of $5.97

The stock recently traded at 102 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)