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TBI TrueBlue

TrueBlue, Inc. engages in the provision of staffing, recruitment process outsourcing, and managed service provider solutions. It operates through the following business segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers staffing solutions for blue-collar, contingent on-demand, and skilled labor to a broad range of industries that include retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and others. The PeopleManagement segment supplies contingent labor and outsourced industrial workforce solutions. The PeopleScout segment covers the provision of permanent employee recruitment process outsourcing for its customers for all major industries and jobs. TrueBlue was founded by John Ross Coghlan and Glenn Welstad in 1989 and is headquartered in Tacoma, WA.

Company profile

Ticker
TBI
Exchange
CEO
A. Patrick Beharelle
Employees
Incorporated
Location
Fiscal year end
Former names
LABOR READY INC
SEC CIK
IRS number
911287341

TBI stock data

(
)

Calendar

26 Apr 21
17 Jun 21
26 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from TrueBlue earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 141.17M 141.17M 141.17M 141.17M 141.17M 141.17M
Cash burn (monthly) (positive/no burn) 14.87M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 39.5M n/a n/a n/a n/a
Cash remaining n/a 101.67M n/a n/a n/a n/a
Runway (months of cash) n/a 6.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 May 21 Derrek Lane Gafford Common Stock Sell Dispose S No No 28.81 15,000 432.15K 85,124
3 May 21 Taryn R Owen Common Stock Sell Dispose S No No 29.32 1,000 29.32K 60,057
30 Apr 21 William C. Goings Common Stock Sell Dispose S No No 28.53 5,886 167.93K 0
30 Apr 21 Steven C Cooper Common Stock Sell Dispose S No No 28.4 20,000 568K 115,032
29 Apr 21 Brown Colleen B Common Stock Sell Dispose S No No 28.18 2,300 64.81K 19,507
29 Apr 21 Steven C Cooper Common Stock Sell Dispose S No No 28.19 30,000 845.7K 135,032

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 149 153 -2.6%
Opened positions 14 16 -12.5%
Closed positions 18 20 -10.0%
Increased positions 48 40 +20.0%
Reduced positions 59 72 -18.1%
13F shares
Current Prev Q Change
Total value 1.15B 624.79M +83.6%
Total shares 32.73M 33.41M -2.0%
Total puts 0 11.2K EXIT
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 5.9M $130.01M +7.4%
Vanguard 4.13M $91.01M +1.7%
Dimensional Fund Advisors 2.55M $56.13M -5.6%
PZN Pzena Investment Management 1.7M $37.44M +4.5%
ArrowMark Colorado 1.62M $35.68M -3.3%
JPM JPMorgan Chase & Co. 1.2M $26.47M -13.8%
FMR 1.2M $26.43M +60.9%
STT State Street 1.16M $25.51M +0.0%
Royce & Associates 820.65K $18.07M +60.3%
Victory Capital Management 637.92K $14.05M +3.2%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 606.64K -579.31K -48.8%
Norges Bank 0 -490.99K EXIT
FMR 1.2M +454.49K +60.9%
BLK Blackrock 5.9M +404.4K +7.4%
Royce & Associates 820.65K +308.78K +60.3%
JPM JPMorgan Chase & Co. 1.2M -193.19K -13.8%
Dimensional Fund Advisors 2.55M -150.5K -5.6%
CS Credit Suisse 74.45K -150.18K -66.9%
Aperio 0 -100.35K EXIT
Matarin Capital Management 0 -97.44K EXIT

Financial report summary

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Risks
  • COVID-19, governmental reactions to COVID-19, and the resulting adverse economic conditions have negatively impacted our business and will 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 and we must constantly improve our technology to meet the expectations of clients, candidates and employees.
  • We are dependent on obtaining workers’ compensation and other insurance coverage at commercially reasonable terms. Unexpected changes in claim trends on our workers’ compensation may negatively impact our financial condition.
  • We may experience employment related claims, commercial indemnification claims and other legal proceedings that could materially harm our business.
  • 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 could have an adverse outcome on our business and results of operations.
  • New business initiatives may cause us to incur additional expenditures and have an adverse effect on 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.
  • We are at risk of damage to our brands and reputation, which is important to our success.
  • The expansion of social media platforms creates new risks and challenges that could cause damage to our brand and reputation.
  • 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.
  • Our workforce solutions are subject to extensive government regulation and the imposition of additional regulations, which could materially harm our future earnings.
  • We operate in a highly competitive industry and may be unable to retain clients, market share, or profit margins.
  • We may be unable to attract sufficient qualified associates and candidates to meet the needs of our clients.
  • 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.
  • Demand for our workforce solutions is significantly affected by fluctuations in general economic conditions.
  • Outsourcing certain aspects of our business could result in disruption and increased costs.
  • We may not achieve the intended effects of our business strategy which could negatively impact our results.
  • Failure of our information technology systems could adversely affect our operating results.
  • Our facilities, operations and information technology systems are vulnerable to damage and interruption.
  • Acquisitions may have an adverse effect on our business.
  • Our results of operations could materially deteriorate if we fail to attract, develop and retain qualified employees.
  • We face risks in operating internationally.
  • 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.
  • The price of our common stock may fluctuate significantly, which may result in losses for investors.
Management Discussion
  • Certain statements in this Form 10-Q, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, the impact of and our ongoing response to COVID-19, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve risks and uncertainties, and future events and circumstances could differ significantly from those anticipated in the forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “goal,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from those expressed or implied in our forward-looking statements, including the risks and uncertainties described in “Management’s Discussion and Analysis of Financial Condition and results of Operations” (Part I, Item 2 of this Form 10-Q),“Quantitative and Qualitative Disclosures about Market Risk” (Part I, Item 3 of this Form 10-Q), and “Risk Factors” (Part II, Item 1A of this Form 10-Q). We undertake no duty to update or revise publicly any of the forward-looking statements after the date of this report or to conform such statements to actual results or to changes in our expectations, whether because of new information, future events, or otherwise.
Content analysis
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H.S. freshman Good
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