Loading...
Docoh

TrueBlue (TBI)

TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. In 2019, TrueBlue connected approximately 724,000 people and work. Its PeopleReady segment offers on-demand, industrial staffing, PeopleManagement offers contingent, on-site industrial staffing and commercial driver services, and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries.

Company profile

Ticker
TBI
Exchange
CEO
A. Patrick Beharelle
Employees
Incorporated
Location
Fiscal year end
Former names
LABOR READY INC
SEC CIK
Subsidiaries
Centerline Drivers, LLC • Labor Ready Holdings, Inc. • Labour Ready Temporary Services, Ltd. • PeopleReady, Inc. • PeopleReady Florida, Inc. • PeopleScout, Inc. • PeopleScout MSP, LLC • PeopleScout Pty, Ltd • PeopleScout Singapore Pte. Ltd. • SIMOS Insourcing Solutions, LLC ...
IRS number
911287341

TBI stock data

Analyst ratings and price targets

Last 3 months

Calendar

25 Apr 22
26 Jun 22
25 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 93.78M 93.78M 93.78M 93.78M 93.78M 93.78M
Cash burn (monthly) 3.14M 3.95M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 9.42M 11.86M n/a n/a n/a n/a
Cash remaining 84.35M 81.91M n/a n/a n/a n/a
Runway (months of cash) 26.9 20.7 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
1 May 22 Garrett Ferencz Common Stock Payment of exercise Dispose F No No 25.57 225 5.75K 52,175
8 Mar 22 Derrek Lane Gafford Common Stock Buy Acquire P No No 25.21 15,000 378.15K 93,289
15 Feb 22 Richard Christensen Common Stock Sell Dispose S No No 27.05 305 8.25K 13,776
11 Feb 22 A. Patrick Beharelle Common Stock Payment of exercise Dispose F No No 26.66 5,822 155.21K 271,602
11 Feb 22 Richard Christensen Common Stock Payment of exercise Dispose F No No 26.66 180 4.8K 14,081
11 Feb 22 Garrett Ferencz Common Stock Payment of exercise Dispose F No No 26.66 208 5.55K 51,542
97.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 178 176 +1.1%
Opened positions 20 21 -4.8%
Closed positions 18 13 +38.5%
Increased positions 51 57 -10.5%
Reduced positions 73 61 +19.7%
13F shares Current Prev Q Change
Total value 947.52M 938.45M +1.0%
Total shares 32.4M 33.52M -3.3%
Total puts 0 0
Total calls 0 12.2K EXIT
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 5.77M $166.63M -0.1%
Vanguard 4.28M $123.74M -4.0%
Dimensional Fund Advisors 2.47M $71.48M +1.8%
Hotchkis & Wiley Capital Management 2.1M $60.59M +11.5%
PZN Pzena Investment Management 1.77M $51.28M +0.3%
ArrowMark Colorado 1.33M $38.53M +1.6%
STT State Street 1.28M $36.87M +3.3%
JPM JPMorgan Chase & Co. 839.59K $24.26M -11.0%
IVZ Invesco 755.37K $21.82M -1.1%
Charles Schwab Investment Management 667.63K $19.29M -0.7%
Largest transactions Shares Bought/sold Change
FMR 188.57K -493.89K -72.4%
Hotchkis & Wiley Capital Management 2.1M +216.12K +11.5%
Acadian Asset Management 225.49K -187.2K -45.4%
Vanguard 4.28M -179.64K -4.0%
Bridgeway Capital Management 434.11K +119.81K +38.1%
Royce & Associates 494.85K -118.69K -19.3%
State of New Jersey Common Pension Fund D 0 -106.75K EXIT
Chartwell Investment Partners 408.86K -105.15K -20.5%
JPM JPMorgan Chase & Co. 839.59K -103.47K -11.0%
Pictet Asset Management 534.53K -98.21K -15.5%

Financial report summary

?
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.
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

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: accrual, affirmative, ahead, appetite, capacity, capture, compromised, conflict, contraction, convey, core, cyclical, dialogue, drawn, enabled, Enterprise, Fargo, February, formal, fragmented, fronting, fueled, gain, HSBC, hybrid, instability, Interbank, inventory, KeyBank, lender, LIBOR, loan, London, placement, PNC, prime, properly, prospective, reoccur, respond, running, slight, standby, surge, Swingline, tightly, Treasurer, turn, underserved, unforeseen, USA, weather, weekly
Removed: achieved, adequacy, administration, Affordable, aid, American, amortizable, ample, approach, audience, branded, closely, collateralizing, Complementing, composed, compression, consistent, consulting, create, created, Dakota, degree, determinable, development, disproportionately, driver, easier, efficiently, elevated, embrace, emerge, emergency, enacted, engineered, ensuring, essential, establishing, exceeded, exclusive, function, generate, geography, globally, half, highest, historically, hourly, human, impacting, impaired, inappropriate, incentivize, indemnity, Insourcing, interested, July, landlord, largely, leader, lease, led, lifted, liquid, lowered, matched, North, obligor, Ohio, onboarding, originating, outbreak, outsource, percent, performed, perspective, posting, presentation, preserving, previously, pricing, principally, readily, reclassified, reconcile, recover, refer, reimbursed, reimbursement, relief, remained, repurchasing, restrict, returned, robust, scope, seasonal, September, settled, settlement, sharp, skill, slate, slowdown, SMX, solution, specifically, stronger, subset, suppressed, test, type, unit, vary, visibility, warehouse, web, Wyoming