TrueBlue (NYSE:TBI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$396.2m (down 17% from 2Q 2023).

• Net loss: US$104.7m (loss widened by US$97.4m from 2Q 2023).

• US$3.45 loss per share (further deteriorated from US$0.24 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TrueBlue Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Professional Services industry in the US are expected to grow by 6.1%.

Performance of the American Professional Services industry.

The company's shares are down 33% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of TrueBlue's balance sheet and an in-depth analysis of the company's financial position.

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