TBI News & Events

Sees Q2 EBITDA adjustments $3M. Sees Q2 gross margin 21.1%-21.5%. Sees Q2 SG&A $85M-$89M. Sees FY26 capital expenditures $11M-$15M. Sees FY26 income tax expense $0M-$4M. Says revenue guidance assumes current market conditions continue into Q2 and growth across all skilled businesses. Says gross margin decline due primarily to prior year workers' compensation reserve adjustments not expected to repeat at the same level and changes in business mix. Says FY26 depreciation expected to be $24M-$28M and includes $4M of software depreciation reported in cost of services. Says minimal income tax expense expected due to the valuation allowance in effect. Comments and guidance taken from Q1 earnings conference call.

Reports Q1 revenue $399M, consensus $390.5M. "We delivered first quarter results toward the high end of expectations, driven by continued expansion in skilled verticals alongside stabilizing demand trends and sustained operational and cost discipline," said Taryn Owen, President and CEO of TrueBlue. "We are making meaningful progress advancing our long-term growth strategy and remain focused on top-line growth with enhanced profitability. We are leveraging an enhanced sales model to strengthen and expand our market position while unlocking technological and operational efficiencies to deliver sustainable, profitable growth. Our initiatives are taking hold, driving improved performance and positioning us to realize the significant growth opportunities that lie ahead."

Notable companies reporting after the market close, with earnings consensus, include AMD (AMD), consensus $1.29... Arista Networks (ANET), consensus 81c... Lumentum (LITE), consensus $2.27... Strategy (MSTR), consensus $27.33... Occidental Petroleum (OXY), consensus 59c... Corteva (CTVA), consensus $1.18... Electronic Arts (EA), consensus $2.36... Coupang (CPNG), consensus (9c)... Live Nation (LYV), consensus 54c... Super Micro (SMCI), consensus 62c... Skyworks (SWKS), consensus $1.04... Qorvo (QRVO), consensus $1.21... Match Group (MTCH), consensus 86c... Celanese (CE), consensus 90c... Voya Financial (VOYA), consensus $2.02... Upstart (UPST), consensus 43c... Teradata (TDC), consensus 77c... Freshworks (FRSH), consensus 11c... Coty (COTY), consensus (1c)... Intapp (INTA), consensus 28c... BJ's Restaurant (BJRI), consensus 61c... Angi (ANGI), consensus (18c)... TrueBlue (TBI), consensus (45c)... QuidelOrtho (QDEL), consensus 42c.

TrueBlue announced that its Board of Directors will appoint a new independent director to the Board by no later than September 30, 2026. In accordance with a cooperation agreement TrueBlue has entered into with EHS Investments, the new independent director will be mutually agreed upon by the Company and EHS.