TrueBlue is a staffing, recruiting and workforce management company. The Company fills individual positions on demand, staffs entire facilities and manages outsourced recruiting processes and staffing vendor programs. TrueBlue services a wide variety of industries including construction, energy, manufacturing, financial services, pharmaceuticals, transportation, aviation and energy.

Type
Public
HQ
Tacoma, US
Founded
1985
Size (employees)
6,000 (est)
TrueBlue was founded in 1985 and is headquartered in Tacoma, US
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TrueBlue Office Locations

TrueBlue has an office in Tacoma
Tacoma, US (HQ)
1015 A St
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TrueBlue Financials and Metrics

TrueBlue Financials

TrueBlue's revenue was reported to be $2.75 b in FY, 2016 which is a 2% increase from the previous period.
USD

Net income (FY, 2017)

55.5 m

EBIT (FY, 2017)

77.6 m

Market capitalization (22-Jun-2018)

1.1 b

Closing share price (22-Jun-2018)

27.8

Cash (7-Feb-2017)

29.1 m

EV

1.1 b
TrueBlue's current market capitalization is $1.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.7 b2.2 b2.7 b2.8 b

Revenue growth, %

30%24%2%

Cost of goods sold

2.1 b1.9 b

Gross profit

679.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2017Q1, 2017Q2, 2017

Cost of goods sold

327.6 m296.5 m333.6 m473.8 m443.5 m475.7 m515.1 m495.5 m502.7 m518.7 m488.8 m428.8 m454.8 m

General and administrative expense

90.8 m92 m96.4 m120.3 m111.6 m117.9 m125.1 m130.6 m135.8 m134.7 m

Operating expense total

90.8 m92 m96.4 m120.3 m111.6 m117.9 m125.1 m130.6 m135.8 m134.7 m

EBIT

28 m2.4 m18 m29.6 m7.7 m23.7 m33.3 m8.6 m(76.8 m)27.8 m29.3 m6.4 m18.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

122 m19.7 m29.8 m35 m35 m

Accounts Receivable

Inventories

Current Assets

356.5 m415.8 m550.4 m427.8 m427.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2017Q1, 2017Q2, 2017

Cash

109.5 m128.8 m162.8 m29.2 m17.8 m21.3 m23.2 m21.9 m21.8 m24.8 m35.1 m26.1 m29.1 m

Current Assets

370.3 m364 m394.6 m377.5 m342.5 m373.7 m413.8 m385.7 m412.2 m435.8 m440.4 m357.5 m394.7 m

PP&E

55.8 m53.3 m53.2 m62.1 m58.6 m56.8 m56 m58.6 m60.3 m59.9 m63.1 m64.1 m61.8 m

Goodwill

74.6 m82.2 m82.2 m232.3 m241.9 m241.9 m241.9 m291.4 m225.2 m225.9 m226.8 m226 m226.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

44.9 m65.7 m71.2 m(15.3 m)55.5 m

Depreciation and Amortization

20.5 m29.5 m41.8 m46.7 m46.1 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2017Q1, 2017Q2, 2017

Net Income

30.4 m1.7 m17.7 m38.7 m5.7 m23 m43.1 m7 m(56.8 m)(33.3 m)39 m4.7 m17.8 m

Depreciation and Amortization

15.1 m5.2 m10.4 m20.1 m10.5 m20.9 m31.4 m11.3 m23 m34.7 m34.7 m11.2 m23.5 m

Cash From Operating Activities

45.3 m23.5 m28.9 m59.9 m95.8 m106.7 m120.3 m160.5 m184.3 m213.2 m80.6 m54 m64.1 m

Cash From Investing Activities

(97.5 m)(15 m)13 m(296.9 m)(5.9 m)(3.2 m)(25.8 m)(87.5 m)(97.2 m)(112.6 m)(28.7 m)(2.7 m)(7.5 m)
USDY, 2017

EV/EBIT

14.8 x

EV/CFO

11.5 x

EV/FCF

14.7 x

Financial Leverage

2 x
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TrueBlue Operating Metrics

TrueBlue's Enterprise Customers was reported to be 122 m in Q2, 2017. TrueBlue's Users was reported to be 815 k in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Branches

692 698 650 625 625

Enterprise Customers

135 k135 k135 k135 k130 k130 k130 k13 k124 k122 k122 m

Users

750 k750 k750 k750 k750 k840 k840 k840 k815 k
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TrueBlue Revenue Breakdown

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TrueBlue revenue breakdown by business segment: 6.6% from PeopleScout, 34.2% from PeopleManagement and 59.2% from PeopleReady

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TrueBlue Online and Social Media Presence

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TrueBlue News and Updates

TrueBlue Acquires TMP Holdings LTD Strengthening PeopleScout’s Global RPO and Talent Advisory Capabilities

Acquisition expands PeopleScout’s EMEA client base, team and operations. Chicago, IL – June 13, 2018 – TrueBlue (NYSE:TBI), a global provider of specialized workforce solutions, has, through its PeopleScout Recruitment Process Outsourcing (RPO) segment, acquired TMP Holdings LTD (“TMP”) which operat…

2017 HRO Today Baker’s Dozen: Recruitment Process Outsourcing

We rank the top providers based on customer satisfaction surveys. By the Editors HRO Today’s Baker’s Dozen rankings are based solely on feedback from buyers of the rated services. The ratings are not based on the opinion of the HRO Today staff. We collect feedback annually through an online survey, …
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