TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and energy industries. The PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes on-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform for sourcing, screening, and delivering a permanent workforce to its clients; talent advisory solutions, such as employer branding, recruitment marketing, talent insights, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs, including vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.
Staffing Sector Outlook | TrueBlue navigates economic headwinds in the staffing industry, poised for potential recovery as a bellwether for broader market trends |
Financial Challenges | Revenue decline and negative EPS projections reflect industry-wide struggles, with analysts setting price targets between $10 and $13 |
Strategic Positioning | Explore TrueBlue's focus on digital transformation, market expansion, and cost management to capitalize on emerging secular growth drivers |
Recovery Potential | Learn how TrueBlue's strong position in light industrial staffing could lead to significant upside during economic rebound, with target margins of 17-22% |
Metrics to compare | TBI | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipTBIPeersSector | |
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P/E Ratio | −1.4x | 1.9x | 12.5x | |
PEG Ratio | 0.00 | 0.04 | 0.03 | |
Price/Book | 0.6x | 2.0x | 1.4x | |
Price / LTM Sales | 0.1x | 0.3x | 1.2x | |
Upside (Analyst Target) | −2.9% | 40.2% | 15.7% | |
Fair Value Upside | Unlock | 28.6% | 7.1% | Unlock |