TrueBlue

TrueBlue reported adjusted EPS of $0.06 in the second quarter (expectation $0.03) and revenue of $443 million (expectation $416.47 million), up 12% year over year. Adjusted EBITDA rose to $11 million versus $3 million a year earlier, while SG&A expenses fell 7% despite revenue growth. The company cites broad demand recovery, strong performance in its PeopleReady segment and growth in energy, the public sector and commercial transportation. TrueBlue raised its Q3 guidance (revenue growth 7–11%) and announced further focus on sales, market expansion and technology deployment; the stock rose after hours to $8.24. » Mere på de.investing.com

Palm Valley Capital highlighted TrueBlue as a top contributor in Q2 after shares rose on improving industrial staffing demand and growth in energy projects tied to data center construction. The firm noted TrueBlue has not yet translated this growth into sustained positive earnings and remains cautious due to recent execution issues, despite a cooperation agreement with EHS Investments and a rejected bid for its PeopleReady unit. TrueBlue reported Q1 revenue of $399 million, up 8% year-over-year, and the fund is watching for better opportunities to increase its position. » Mere på finance.yahoo.com

At TrueBlue’s annual general meeting, shareholders voted in favor of all items presented: election of all nine directors, an advisory vote on executive compensation, a restatement of the 2016 Omnibus Incentive Plan, and ratification of Deloitte as auditor. R. Chris Kreidler was named the new chair of the board. TrueBlue also reported mixed Q1 results: revenue of $399 million (up 8% and above guidance) and EPS of -$0.41, well below expectations. In addition, HireQuest has made a cash offer of more than $105 million for certain assets of the PeopleReady segment. » Mere på de.investing.com