TrueBlue (TBI)

Risks

• COVID-19 and the resulting governmental reactions to COVID-19 have negatively impacted our business and could have a continued material adverse impact on our business, financial condition, liquidity and results of operations.
• Advances in technology may disrupt the labor and recruiting markets. Failure to constantly improve our technology to meet the expectations of clients, associates, candidates and employees could have a negative impact on our financial position and results of operations.
• We are dependent on obtaining workers’ compensation and other insurance coverage at commercially reasonable terms. Unexpected changes in claim trends on our workers’ compensation or an inability to obtain appropriate insurance coverage may negatively impact our financial condition.
• Demand for our workforce solutions is significantly affected by fluctuations in general economic conditions.
• The loss of, continued reduction in or substantial decline in revenue from larger clients or certain industries could have a material adverse effect on our revenues, profitability and liquidity.
• Our business and operations have undergone, and will continue to undergo, significant change as we seek to improve our operational and support effectiveness, which if not managed effectively could have an adverse outcome on our business and results of operations.
• New business initiatives may cause us to incur additional expenditures and could have an adverse effect on our business.
• Damage to our brands and reputation could have an adverse effect on our business.
• We may not achieve the intended effects of our business strategy which could negatively impact our results.
• Outsourcing certain aspects of our business could result in disruption and increased costs.
• We cannot guarantee that we will repurchase our common stock pursuant to our share repurchase program or that our share repurchase program will enhance long-term shareholder value.
• Our level of debt and restrictions in our credit agreement could negatively affect our operations and limit our liquidity and our ability to react to changes in the economy.
• We may have additional tax liabilities that exceed our estimates.
• Failure to maintain adequate financial and management processes and controls could lead to errors in our financial reporting.
• We may experience employment-related claims, commercial indemnification claims and other legal proceedings that could materially harm our business.
• Failure to protect our intellectual property could harm our business, and we face the risk that our services or products may infringe upon the intellectual property rights of others.
• Failure to maintain adequate compliance policies and controls may not prevent violations that could result in significant fines and penalties.
• Our workforce solutions are subject to extensive government regulation and the imposition of additional regulations, which could materially harm our future earnings.
• We may be unable to attract sufficient qualified associates and candidates to meet the needs of our clients.
• We operate in a highly competitive industry and may be unable to retain clients, market share or profit margins.
• Cybersecurity vulnerabilities and incidents could lead to the improper disclosure of information about our clients, candidates, associates and employees.
• Data security, data privacy and data protection laws and other technology regulations increase our costs.
• Improper disclosure of, or access to our clients’ information could materially harm our business.
• Failure of our information technology systems could adversely affect our operating results.
• Our facilities and operations are vulnerable to damage and interruption.
• Our results of operations could materially deteriorate if we fail to attract, develop and retain qualified employees.
• Acquisitions may have an adverse effect on our business.
• We face risks in operating internationally.
• The price of our common stock may fluctuate significantly, which may result in losses for investors.