TrueBlue(TBI)

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TrueBlue(TBI) - 2022 Q2 - Quarterly Report
2022-07-25 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 26, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-14543 ____________________________________ TrueBlue, Inc. (Exact name of registrant as specified in its charter) ______________________________________ Washington 91-128734 ...
TrueBlue(TBI) - 2022 Q1 - Earnings Call Transcript
2022-04-25 23:48
Financial Data and Key Metrics Changes - Total revenue for Q1 2022 was $552 million, representing a 20% increase compared to Q1 2021, marking the fourth consecutive quarter of double-digit growth [7][29] - Net income was $11 million, an increase of $4 million year-over-year, with adjusted EBITDA at $23 million, up $9 million [8][30] - Gross margin for Q1 2022 was 25.4%, up 130 basis points from the previous year, driven by revenue growth and gross margin expansion [31] Business Line Data and Key Metrics Changes - **PeopleReady**: Revenue increased by 17% year-over-year, accounting for 58% of total trailing 12-month revenue, with segment profit margin up 70 basis points [9][36] - **PeopleManagement**: Revenue grew by 8%, but segment profit decreased by 4%, with a slight contraction in segment profit margin [10][38] - **PeopleScout**: Revenue surged by 76%, marking the highest quarterly revenue in its history, with segment profit margin expanding over 400 basis points [12][39] Market Data and Key Metrics Changes - PeopleReady saw growth in 18 of its top 20 states, with strong performance in retail and hospitality sectors [37] - PeopleManagement's growth was supported by robust demand in commercial driving services [38] - PeopleScout's growth was driven by increasing volumes from existing clients, particularly in travel and leisure [39] Company Strategy and Development Direction - The company aims to digitalize its business model, particularly through the JobStack mobile app, to improve service delivery and gain market share [16][18] - PeopleManagement is focused on expanding its client base and geographic footprint, with significant new business wins [24] - PeopleScout leverages its strong brand reputation to capture growth opportunities, particularly in the healthcare sector [26][27] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are economic uncertainties, the labor market remains tight with 11 million job openings, indicating continued demand for staffing services [61][63] - There is optimism regarding the second quarter, with expectations of strong performance driven by ongoing demand in various sectors [52][58] Other Important Information - The company has a strong balance sheet with $37 million in cash and only $4 million in outstanding debt [40] - Share repurchases totaled $36 million during the quarter, with an additional $13 million planned, indicating strong cash flow and financial health [40][77] Q&A Session Summary Question: Can you discuss the centralization of offices and progress in pilot markets? - Management reported good progress in service center pilots, with strong client feedback and improved safety metrics [43][44] Question: What is the rate of improvement in pilot markets compared to others? - Management refrained from providing specific metrics but acknowledged some markets are performing better than others [49][50] Question: What is the outlook for PeopleScout's growth in leisure and hospitality? - Management expressed confidence in continued strong demand, particularly in healthcare recruitment [52][53] Question: What factors contributed to the slowdown in the second half of March? - The slowdown was attributed to supply chain issues and a shift in client resource allocation from temporary to full-time workers [55][75] Question: How does the company gauge potential cyclical downturns? - Management monitors various economic indicators, including inflation and job openings, to assess potential downturns [60][61] Question: What drove the revision in gross margin guidance? - Improved bill pay spreads and a favorable mix of higher-margin businesses contributed to the revision [66][68] Question: How does absenteeism in JobStack compare to the core business? - Absenteeism has returned to historical levels, with JobStack's in-app marketing helping to improve fill rates [70][71] Question: What is the outlook for driver staffing demand? - There is a clear shortage of drivers, and the company is focused on experienced drivers to meet demand [84] Question: Are there any verticals expected to see increased demand in the latter half of the year? - Management highlighted strong demand in retail, hospitality, and alternative energy sectors as potential growth areas [88][89]
TrueBlue(TBI) - 2022 Q1 - Quarterly Report
2022-04-25 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 27, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-14543 ____________________________________ TrueBlue, Inc. (Exact name of registrant as specified in its charter) ______________________________________ Washington 91-12873 ...
TrueBlue(TBI) - 2021 Q4 - Annual Report
2022-02-16 21:18
Part I [Business](index=4&type=section&id=Item%201.%20Business) TrueBlue provides specialized workforce solutions through PeopleReady, PeopleManagement, and PeopleScout, connecting 615,000 people with work and serving 95,000 clients in 2021 [Business Overview](index=4&type=section&id=Business%20Overview) TrueBlue operates three segments: PeopleReady, PeopleManagement, and PeopleScout, connecting 615,000 people to work and serving 95,000 clients in fiscal 2021 - In 2021, TrueBlue connected approximately **615,000 people** with work and served about **95,000 clients** across its three segments[15](index=15&type=chunk) Business Segment Overview | Segment | Service Offering | Key Metrics (Fiscal 2021) | | :--- | :--- | :--- | | **PeopleReady** | On-demand general, industrial, and skilled trade staffing. | - Connected ~220,000 people with work.<br>- Served ~94,000 clients.<br>- 619 branches in U.S., Canada, Puerto Rico. | | **PeopleManagement** | On-site industrial staffing (Staff Management | SMX, SIMOS) and commercial driver services (Centerline). | - Connected ~60,000 people with work. | | **PeopleScout** | Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) solutions. | - Connected ~335,000 people with work. | [Industry and Market Dynamics](index=5&type=section&id=Industry%20and%20Market%20Dynamics) Operating in the large, fragmented, and cyclical staffing and growing HR outsourcing industries, the company benefits from demand for workforce flexibility and efficiency - Key market trends driving growth include the demand for workforce flexibility and scalability, the need for improved workforce productivity, and the increasing use of technology like AI and mobile apps to access talent[26](index=26&type=chunk) - The staffing industry is characterized by low barriers to entry, leading to increased competition during economic growth and consolidation during recessions. No single company holds a dominant market share[22](index=22&type=chunk) [Business Strategy](index=6&type=section&id=Business%20Strategy) TrueBlue's strategy focuses on technology investments, including JobStack, Stafftrack, and Affinix platforms, to enhance client and candidate experiences and expand market presence - The company is focused on investing in technology to gain market share, accelerate revenue growth, and reduce service delivery costs[26](index=26&type=chunk) JobStack Platform Performance (2021 vs. 2020) | Metric | 2021 | 2020 | | :--- | :--- | :--- | | Shifts Dispatched via JobStack | ~3.4 million | ~2.9 million | | Digital Fill Rate | 58% | 53% | | Clients Using JobStack | >29,000 (+13% YoY) | N/A | | Heavy Client User Mix | 48% | 29% | - The PeopleScout segment utilizes its proprietary Affinix platform, which uses AI and machine learning to streamline sourcing and improve the candidate experience[31](index=31&type=chunk) [Clients](index=7&type=section&id=Clients) Serving diverse clients from small businesses to Fortune 100 companies, no single client accounted for over 10% of total revenue in fiscal 2021 Client Concentration | Client Group | % of Total Revenue (2021) | % of Total Revenue (2020) | % of Total Revenue (2019) | | :--- | :--- | :--- | :--- | | Ten Largest Clients | 17.2% | 19.0% | 16.5% | | Single Largest Client | 3.0% | N/A | N/A | - No single client represented more than **10.0% of total company revenue** in fiscal 2021, 2020, or 2019[30](index=30&type=chunk) [Human Capital Management](index=8&type=section&id=Human%20Capital%20Management) TrueBlue employed 6,400 FTEs globally as of December 26, 2021, emphasizing strong culture, employee development, DE&I, and temporary associate safety Employee Demographics (as of Dec 26, 2021) | Metric | Value | | :--- | :--- | | Total FTE Employees | ~6,400 | | Global Female FTEs | ~66% | | Female Senior Management & Above | ~50% | | U.S. Ethnically Diverse FTEs | ~45% | | Board Diversity (Under-represented groups) | 67% | - The company achieved an all-time high employee engagement score of **78** in its October 2021 survey, an increase of **4 points** from September 2020 and above the benchmark of **67**[33](index=33&type=chunk) - In January 2021, a Vice President of Diversity, Equity and Inclusion was hired, reporting directly to the CEO, to strengthen DE&I commitments[39](index=39&type=chunk) [Risk Factors](index=12&type=section&id=Item%201A.%20Risk%20Factors) The company faces diverse risks including operational, financial, legal, industry-specific, and cybersecurity challenges that could materially impact its business [Risks Related to Company's Operations](index=12&type=section&id=Risks%20Related%20to%20Company's%20Operations) Operational risks include COVID-19 impacts, technological disruption, workers' compensation insurance, economic sensitivity, client concentration, and managing operational changes - The COVID-19 pandemic has negatively impacted operations and could continue to have a material adverse impact on the business[57](index=57&type=chunk) - Failure to invest in and adapt to new technologies (e.g., AI, mobile apps) could lead to a decline in business results as the industry evolves[59](index=59&type=chunk) - The business is dependent on obtaining workers' compensation insurance at commercially reasonable terms, and unexpected changes in claim trends could negatively impact financial condition[60](index=60&type=chunk) - Demand for workforce solutions is highly dependent on the state of the economy, creating volatility. A significant portion of revenue comes from large clients, exposing the company to concentration risk[65](index=65&type=chunk)[67](index=67&type=chunk) [Risks Related to Financial Position](index=16&type=section&id=Risks%20Related%20to%20Financial%20Position) Financial risks include share repurchase program limitations, restrictive debt covenants, potential tax liabilities, and the effectiveness of internal financial controls - The share repurchase program does not obligate the company to repurchase a specific amount of stock and could diminish cash reserves[73](index=73&type=chunk) - The Revolving Credit Facility contains restrictive covenants (e.g., leverage ratio, fixed charge coverage ratio) that, if breached, could require early repayment of borrowings[74](index=74&type=chunk) - The company is subject to audits by various tax authorities, and the final determination of tax liabilities could be materially different from estimates[77](index=77&type=chunk) [Legal and Compliance Related Risks](index=17&type=section&id=Legal%20and%20Compliance%20Related%20Risks) Legal and compliance risks include employment-related claims, intellectual property infringement, and challenges in navigating complex, evolving regulations - As an employer, the company faces risks of liability for claims related to personal injury, wage and hour violations, discrimination, and harassment[79](index=79&type=chunk) - Failure to protect the company's intellectual property or infringing on the IP rights of others could harm the business and result in financial liability[81](index=81&type=chunk) [Risks Related to Our Industry](index=18&type=section&id=Risks%20Related%20to%20Our%20Industry) Industry risks include extensive government regulation, challenges in attracting qualified talent, and intense competition with low barriers to entry - The business is subject to extensive government regulation, and changes could materially harm earnings. For example, government-mandated wage increases could adversely affect results if not passed on to clients[83](index=83&type=chunk)[84](index=84&type=chunk) - An inability to attract sufficient qualified associates and candidates, potentially impacted by government benefits or low unemployment, could prevent the company from meeting client needs[85](index=85&type=chunk) - The staffing industry is highly competitive with low barriers to entry, creating pressure on prices and margins[87](index=87&type=chunk) [Risks Related to Cybersecurity, Data Privacy and Information Security](index=18&type=section&id=Risks%20Related%20to%20Cybersecurity,%20Data%20Privacy%20and%20Information%20Security) Significant cybersecurity and data privacy risks include data breaches, increasing compliance costs from evolving regulations, and potential IT system failures - Cybersecurity incidents could lead to unauthorized disclosure of confidential information, resulting in penalties, litigation, and reputational damage[88](index=88&type=chunk)[89](index=89&type=chunk) - Increasingly stringent data privacy laws and regulations (e.g., GDPR, CCPA) are increasing compliance costs and the risk of fines for non-compliance[90](index=90&type=chunk) - The business relies heavily on information technology systems, and failures or disruptions could lead to decreased revenue and increased overhead costs[92](index=92&type=chunk) [Unresolved Staff Comments](index=21&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - Not applicable[100](index=100&type=chunk) [Properties](index=21&type=section&id=Item%202.%20Properties) The company owns its Tacoma headquarters and two Florida branches, leasing most other facilities, which are deemed suitable for operations - The company owns its corporate headquarters in Tacoma, WA and leases the vast majority of its other facilities[101](index=101&type=chunk) [Legal Proceedings](index=21&type=section&id=Item%203.%20Legal%20Proceedings) Information on legal proceedings is detailed in Note 8 of the consolidated financial statements - Information regarding legal proceedings is detailed in Note 8: Commitments and Contingencies[102](index=102&type=chunk) [Mine Safety Disclosures](index=21&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is reported as not applicable - Not applicable[103](index=103&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=22&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) TrueBlue's common stock (TBI) trades on NYSE, has not paid dividends, and has a $50.0 million stock repurchase program remaining as of December 26, 2021 - The company's common stock is listed on the NYSE under the ticker **TBI**. No cash dividends have been declared to date[106](index=106&type=chunk)[107](index=107&type=chunk) Stock Repurchases (Q4 2021) | Period | Total Shares Purchased | Weighted Average Price Paid | Amount Available for Repurchase (End of Period) | | :--- | :--- | :--- | :--- | | Q4 2021 Total | 627,225 | $26.89 | $50.0 million | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=24&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In fiscal 2021, TrueBlue achieved significant recovery with 17.7% revenue growth to $2.2 billion, improved gross margin to 25.8%, and net income of $61.6 million, maintaining strong liquidity and providing 2022 guidance [Overview](index=24&type=section&id=Overview) Fiscal 2021 saw TrueBlue's recovery with 17.7% revenue growth to $2.2 billion, expanded gross margin, $61.6 million net income, and strong liquidity Fiscal 2021 vs. 2020 Key Financials | Metric | 2021 | 2020 | | :--- | :--- | :--- | | Revenue | $2.2 billion (+17.7%) | $1.8 billion | | Gross Profit | $560.3 million | $440.6 million | | Gross Margin | 25.8% (+190 bps) | 23.9% | | Income (Loss) from Operations | $68.4 million | ($174.9) million | | Net Income (Loss) | $61.6 million | ($141.8) million | | Diluted EPS | $1.74 | ($4.01) | - The 2020 loss from operations was driven by a goodwill and intangible asset impairment charge of **$175.2 million**[125](index=125&type=chunk) - As of year-end 2021, the company had total liquidity of **$343.7 million**, consisting of **$49.9 million** in cash and **$293.8 million** available under its Revolving Credit Facility[127](index=127&type=chunk) [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Revenue grew 17.7% to $2.2 billion in 2021, with gross margin improving to 25.8%, leading to $68.4 million in income from operations Revenue from Services by Segment (Fiscal 2021 vs. 2020) | Segment | 2021 Revenue (in thousands) | 2020 Revenue (in thousands) | Growth % | | :--- | :--- | :--- | :--- | | PeopleReady | $1,270,928 | $1,099,462 | 15.6% | | PeopleManagement | $639,741 | $586,822 | 9.0% | | PeopleScout | $262,953 | $160,076 | 64.3% | | **Total Company** | **$2,173,622** | **$1,846,360** | **17.7%** | - Gross profit margin expanded by **190 basis points** to **25.8%** in 2021, with staffing businesses contributing **90 bps** (from lower workers' comp expense) and PeopleScout contributing **100 bps** (from improved recruiter utilization)[136](index=136&type=chunk) - In 2020, the company recorded a goodwill and intangible asset impairment charge of **$175.2 million**, primarily impacting the PeopleManagement and PeopleScout segments[141](index=141&type=chunk) Segment Profit (Fiscal 2021 vs. 2020) | Segment | 2021 Segment Profit (in thousands) | 2021 Margin | 2020 Segment Profit (in thousands) | 2020 Margin | | :--- | :--- | :--- | :--- | :--- | | PeopleReady | $82,398 | 6.5% | $43,200 | 3.9% | | PeopleManagement | $13,196 | 2.1% | $11,717 | 2.0% | | PeopleScout | $36,163 | 13.8% | $4,525 | 2.8% | [Future Outlook](index=33&type=section&id=Future%20Outlook) For fiscal 2022, the company anticipates disciplined cost management, continued technology investment, and provides guidance for SG&A, tax rate, and capital expenditures - For fiscal 2022, the company expects gross margin contraction of **10 to 70 basis points** compared to 2021, primarily due to expected increases in workers' compensation expense[156](index=156&type=chunk) - Anticipated SG&A for Q1 2022 is between **$118 million** and **$122 million**. A project to redesign the PeopleReady technology platform is expected to cost approximately **$10 million** in fiscal 2022[156](index=156&type=chunk) - Expected capital expenditures for fiscal 2022 are between **$43 million** and **$48 million**, reflecting continued investment in technology like JobStack and Affinix[156](index=156&type=chunk) [Liquidity and Capital Resources](index=34&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity decreased in 2021 due to lower operating cash flow, but the company maintains a strong capital position with an undrawn $300 million credit facility Cash Flow Summary (Fiscal 2021 vs. 2020) | Cash Flow Activity (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $20,440 | $152,531 | | Net cash used in investing activities | ($16,220) | ($34,411) | | Net cash used in financing activities | ($19,126) | ($92,502) | - The decrease in operating cash flow was primarily due to an **$81.6 million** use of cash for accounts receivable growth and a **$57.1 million** repayment of deferred employer payroll taxes from the CARES Act[158](index=158&type=chunk)[160](index=160&type=chunk) - As of December 26, 2021, the company had no outstanding debt and **$293.8 million** available under its Revolving Credit Facility[127](index=127&type=chunk)[332](index=332&type=chunk) Workers' Compensation Reserve Reconciliation (as of Dec 26, 2021) | Item (in thousands) | Amount | | :--- | :--- | | Total workers' compensation reserve | $256,194 | | Total collateral commitments | $208,194 | [Summary of Critical Accounting Estimates](index=41&type=section&id=Summary%20of%20Critical%20Accounting%20Estimates) Critical accounting estimates include workers' compensation reserve, allowance for credit losses, business combination valuations, goodwill impairment, and contingent legal liabilities - The workers' compensation reserve is a critical estimate based on actuarial analysis. For fiscal 2021 claims, a **5% change** in key cost factors would change the workers' compensation cost by approximately **$3 million**[192](index=192&type=chunk)[194](index=194&type=chunk) - Goodwill and indefinite-lived intangible assets are tested for impairment annually. The fair value of reporting units is estimated using a weighted average of income (discounted cash flow) and market approaches. The weighted average cost of capital used in the 2021 test ranged from **11.0% to 12.0%**[202](index=202&type=chunk) - Based on the 2021 annual impairment test, all reporting units' fair values were substantially in excess (**20% premium or greater**) of their carrying values, and no impairment was recorded[205](index=205&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=46&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risk from interest rate fluctuations on its investment portfolio and credit facility, and minimal foreign currency risk - Primary market risks are related to changes in interest rates affecting the investment portfolio and revolving credit facility, and foreign currency exchange rate fluctuations[215](index=215&type=chunk) - The company is preparing for the discontinuation of LIBOR and has committed with its lenders to implement a successor reference rate[217](index=217&type=chunk) [Financial Statements and Supplementary Data](index=47&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited consolidated financial statements for fiscal year 2021, including balance sheets, income statements, cash flows, and detailed notes [Consolidated Financial Statements](index=50&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements present TrueBlue's financial position and performance, with 2021 total assets of $1.03 billion and total liabilities of $540.2 million Consolidated Balance Sheet Highlights (as of Dec 26, 2021) | Account (in thousands) | Amount | | :--- | :--- | | Total Current Assets | $445,073 | | Goodwill | $94,538 | | Total Assets | $1,033,226 | | Total Current Liabilities | $258,546 | | Total Liabilities | $540,159 | | Total Shareholders' Equity | $493,067 | Consolidated Statement of Operations Highlights (Fiscal Year 2021) | Account (in thousands) | Amount | | :--- | :--- | | Revenue from services | $2,173,622 | | Gross profit | $560,320 | | Income from operations | $68,442 | | Net income | $61,634 | [Note 5: Goodwill and Intangible Assets](index=67&type=section&id=Note%205:%20Goodwill%20and%20Intangible%20Assets) As of December 26, 2021, net goodwill was $94.5 million and no impairment was recorded in fiscal 2021, unlike the $140.5 million goodwill impairment in 2020 Goodwill by Segment (in thousands) | Segment | Balance at Dec 27, 2020 | Balance at Dec 26, 2021 | | :--- | :--- | :--- | | PeopleReady | $60,094 | $60,094 | | PeopleManagement | $1,491 | $1,491 | | PeopleScout | $33,288 | $32,953 | | **Total Company** | **$94,873** | **$94,538** | - In fiscal 2020, a goodwill impairment charge of **$140.5 million** was recorded, with the PeopleManagement On-Site reporting unit's goodwill being fully impaired[322](index=322&type=chunk) - In fiscal 2020, a finite-lived intangible asset impairment charge of **$34.7 million** was recorded for client relationships in the PeopleScout RPO and PeopleManagement On-Site segments[323](index=323&type=chunk) [Note 14: Segment Information](index=77&type=section&id=Note%2014:%20Segment%20Information) The company reports three segments: PeopleReady ($1.27 billion revenue), PeopleManagement ($639.7 million), and PeopleScout ($263.0 million), with 92.8% of 2021 revenue from the U.S Segment Revenue and Profit (Fiscal 2021, in thousands) | Segment | Revenue from Services | Segment Profit | | :--- | :--- | :--- | | PeopleReady | $1,270,928 | $82,398 | | PeopleManagement | $639,741 | $13,196 | | PeopleScout | $262,953 | $36,163 | | **Total** | **$2,173,622** | **$131,757** | - The United States generated **$2.02 billion**, or **92.8%**, of total company revenue in fiscal 2021[372](index=372&type=chunk) - In fiscal 2021, one client represented **10.9%** of the PeopleScout segment's revenue. No single client represented **10.0% or more** of the PeopleManagement segment's revenue[376](index=376&type=chunk) [Controls and Procedures](index=80&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management and external auditors concluded that disclosure controls and internal control over financial reporting were effective as of December 26, 2021 - The CEO and CFO concluded that disclosure controls and procedures were effective as of December 26, 2021[377](index=377&type=chunk) - Management concluded that internal control over financial reporting was effective as of December 26, 2021. This assessment was audited by Deloitte & Touche LLP, who also expressed an unqualified opinion[379](index=379&type=chunk)[383](index=383&type=chunk) Part III [Directors, Executive Compensation, Security Ownership, and Principal Accountant Fees](index=83&type=section&id=Item%2010,%2011,%2012,%2013,%2014) Information for Items 10-14, covering directors, executive compensation, and security ownership, is incorporated by reference from the 2022 proxy statement - Information for Part III (Items 10, 11, 12, 13, and 14) is incorporated by reference from the registrant's definitive proxy statement to be filed within 120 days of the fiscal year-end[394](index=394&type=chunk)[395](index=395&type=chunk)[396](index=396&type=chunk) Part IV [Exhibits](index=84&type=section&id=Item%2015.%20Exhibits) This section lists all exhibits filed with or incorporated by reference into the Form 10-K report - This section provides an index of all exhibits filed with or incorporated by reference into the Form 10-K report[402](index=402&type=chunk)[404](index=404&type=chunk) [Form 10-K Summary](index=87&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports no Form 10-K summary - None[408](index=408&type=chunk)
TrueBlue(TBI) - 2021 Q4 - Earnings Call Presentation
2022-02-03 20:48
t trueblue Q4 2021 Earnings February 2022 Forward-looking statements This document contains forward-looking statements relating to our plans and expectations including, without limitation, statements regarding the future performance and operations of our business, expected growth from our digital investments, and the expected amount and timing of any share repurchases, all of which are subject to risks and uncertainties. Such statements are based on management's expectations and assumptions as of the date o ...
TrueBlue(TBI) - 2021 Q4 - Earnings Call Transcript
2022-02-03 03:01
TrueBlue, Inc. (NYSE:TBI) Q4 2021 Earnings Conference Call February 2, 2022 5:30 PM ET Company Participants Derrek Gafford - EVP & CFO Patrick Beharelle - President, CEO & Director Conference Call Participants Jeff Silber - BMO Capital Markets Joshua Vogel - Sidoti & Company John Healy - Northcoast Research Partners Mark Marcon - Robert W. Baird & Co. Operator Good afternoon. My name is Emma, and I will be your conference operator today. At this time, I would like to welcome everyone to the TrueBlue Fourth ...
TrueBlue(TBI) - 2021 Q3 - Earnings Call Transcript
2021-10-26 00:16
TrueBlue, Inc. (NYSE:TBI) Q3 2021 Earnings Conference Call October 25, 2021 5:30 PM ET Company Participants Derrek Gafford - Executive Vice President and Chief Financial Officer Patrick Beharelle - Chief Executive Officer Conference Call Participants Jeff Silber - BMO Capital Markets Mark Marcon - Baird Josh Vogel - Sidoti Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the aud ...
TrueBlue(TBI) - 2021 Q3 - Quarterly Report
2021-10-25 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 26, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-14543 ____________________________________ TrueBlue, Inc. (Exact name of registrant as specified in its charter) ______________________________________ Washington 91-1 ...
TrueBlue(TBI) - 2021 Q2 - Earnings Call Presentation
2021-07-27 03:59
El trueblue Q2 2021 Earnings July 2021 Forward-looking statements This document contains forward-looking statements relating to our plans and expectations, all of which are subject to risks and uncertainties. Such statements are based on management's expectations and assumptions as of the date of this release and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements including: (1) national and global econom ...
TrueBlue(TBI) - 2021 Q2 - Earnings Call Transcript
2021-07-27 02:58
TrueBlue, Inc. (NYSE:TBI) Q2 2021 Earnings Conference Call July 26, 2021 5:30 PM ET Company Participants Derrek Gafford - Executive Vice President and Chief Financial Officer Patrick Beharelle - Chief Executive Officer Conference Call Participants Jeff Silber - BMO Capital Markets Josh Vogel - Sidoti Mark Marcon - Baird Operator Good afternoon. Thank you for standing by. And welcome to the TrueBlue Second Quarter 2021 Earnings Call. [Operator Instructions] I would now like to hand the conference over to you ...