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 company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable 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 company 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 services, such as employer branding, recruitment marketing, talent insights, diversity, equity and inclusion consulting, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs including vendor selection, performance management, compliance monitoring, and risk management. TrueBlue, Inc. 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.
Analyst Outlook | BMO Capital Markets maintains an Outperform rating with price targets ranging from $12.00 to $13.00, reflecting cautious optimism for TrueBlue's recovery potential |
Strategic Evolution | Delve into TrueBlue's digital transformation efforts, market expansion plans, and focus on high-margin Recruitment Process Outsourcing to drive future growth |
Market Dynamics | Explore how TrueBlue is positioned to capitalize on potential sector recovery, nearshoring trends, and government initiatives in infrastructure and clean energy |
Staffing Resilience | TrueBlue demonstrates financial resilience amid industry challenges, outperforming expectations with positive Q1 2024 earnings and effective cost management strategies |
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 | −2.0x | 18.7x | 11.7x | |
PEG Ratio | 0.00 | −0.86 | 0.03 | |
Price / Book | 0.7x | 1.0x | 1.4x | |
Price / LTM Sales | 0.1x | 0.3x | 1.2x | |
Upside (Analyst Target) | 27.4% | 44.5% | 20.2% | |
Fair Value Upside | Unlock | 46.4% | 5.8% | Unlock |