TrueBlue EVP and CFO Carl Schweihs purchases $62,500 in common stock

In a recent transaction reported to the Securities and Exchange Commission, Carl Schweihs, the Executive Vice President and Chief Financial Officer of TrueBlue, Inc. (NYSE:TBI), acquired 10,000 shares of the company’s common stock. The purchase, executed on February 24, 2025, was made at a weighted average price of $6.25 per share, amounting to a total investment of $62,500. This insider purchase comes as the stock trades near its 52-week low of $5.88, with InvestingPro data showing the stock has declined over 20% in the past week.

Following this acquisition, Schweihs now holds a total of 166,551 shares in TrueBlue. This total includes approximately 5,861 shares purchased through the TrueBlue, Inc. Employee Stock Purchase Plan. The transaction details indicate that the shares were acquired directly by Schweihs, reflecting his ongoing confidence in the company’s prospects, despite analysts revising earnings expectations downward for the upcoming period.

TrueBlue, Inc., headquartered in Tacoma, Washington, specializes in providing workforce solutions and staffing services. The company’s stock is traded on the New York Stock Exchange under the ticker symbol TBI.

In other recent news, TrueBlue Inc . has announced its acquisition of Healthcare Staffing Professionals, Inc. (HSP), a company that specializes in healthcare staffing for government entities. This acquisition aims to strengthen TrueBlue’s presence in high-growth markets and capitalize on the rising demand in the healthcare sector. The deal was conducted off-market, allowing HSP to retain its brand while benefiting from TrueBlue’s national reach and advanced recruitment technology. TrueBlue’s President and CEO, Taryn Owen, emphasized the strategic importance of this acquisition, highlighting the potential for enhanced value creation and community impact. Maxie Juzang, CEO and President of HSP, expressed optimism about joining TrueBlue, citing the opportunity for accelerated growth and alignment in company culture. Carl Schweihs, TrueBlue’s Chief Financial Officer, described the acquisition as accretive and synergistic, noting that it was financed with a modest debt at favorable terms. Further financial details are expected to be disclosed in TrueBlue’s upcoming fourth-quarter earnings call.

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