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TBI · TrueBlue, Inc.

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$10.23 +0.09 (+0.89%) At close · Aug 14
Market Cap
$302.01M
Shares
30.44M
All earnings calls

Earnings call · FY2026 Q2

Q2 2026 TrueBlue Earnings Conference Call

Q2 2026 TrueBlue Earnings Conference Call

Concluded Aug 4, 2026 Audio replay
Aug 4, 2026 2:50 8 turns
Period
FY2026 Q2
Runtime
2:50
Sources
5 artifacts

Executive readout · one minute

What matters this quarter

TrueBlue reported Q2 revenue of $443 million, up 12% year-over-year, with adjusted EBITDA improving to $11 million from $3 million, and tightened Q3 segment guidance but maintained a people-solutions range that includes a minus 6% downside.

Cost Structure and Margins 4 Growth Initiatives 4 Guidance and Outlook 4 Segment Performance 4

Management tone

Positive

Net tone +38 · low hedging

Grounding quotes
  • “we tightened our range here a little bit from plus 7 to plus 11, so feel good about kind of where our guide is from an overall perspective”
  • “steady improvement here in Q2 and expect that to expand in Q3 and going forward”
  • “that lean cost structure positions us for meaningfully incremental margins going forward”
  • “we always look to outperform or go to the, you know, upper end of our guidance”

Forward guidance

4 guided metrics

Management's latest ranges and targets are included below.

Research coverage

5 live sources

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Revenue $443.00M +11.8% YoY
Diluted EPS -$0.11
Gross margin 20.7% -2.9 pp YoY
Net income -$3.37M

Research materials

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Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Q2 revenue grew 12% year-over-year to $443 million
  • Adjusted EBITDA improved to $11 million from $3 million year-over-year
  • SG&A improved 7% to $84 million from $90 million, supporting margin protection
  • Management expects continued drop-through margin expansion in Q3 and beyond from a lean cost base
  • Adjusted net income per diluted share swung to $0.06 from a $(0.07) adjusted net loss

Risks & pressure points

  • Q2 net loss widened to $3.4 million from $0.2 million, including a $3 million non-cash loss on assets held-for-sale
  • Q3 guidance includes a people-solutions segment range of minus 6% to plus 3%, allowing for a decline
  • Net loss per diluted share widened to $0.11 from $0.01 year-over-year

Key moments

Jump directly to management's words in the synchronized transcript.

Guidance from the call

Stated verbally and extracted from the transcript.

Metric Guided
Organic growth
Q3
7% – 11%
People management organic growth
Q3
3% – 8%
People-ready business organic growth
Q3
11% – 15%
People solutions organic growth
Q3
-6% – 3%

Quarter detail

How the reported period landed and where the business moved.

Revenue · segments

PeopleReady$262.31M +23% YoY
People Management$133.84M +0% YoY
People Solutions$46.85M -4.7% YoY
Full-screen source Call document