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Company Sees Q3 Gross Margin at 20.4%-20.8%
Sees Q3 gross margin 20.4%-20.8%. Sees Q3 EBITDA adjustments $3M. Sees FY26 capital expenditures $10M-$14M. Guidance taken from Q2 presentation slides.
TrueBlue Reports Q2 Revenue of $443M, Up 12% Year-over-Year
Reports Q2 revenue $443M, up 12% year-over-year. "We delivered a strong second quarter, exceeding expectations and continuing to build momentum through disciplined execution," said Taryn Owen, President and CEO of TrueBlue. "Our results reflect continued strength in skilled verticals and an encouraging return to growth in our core on-demand business, contributing to overall double-digit revenue growth and improved profitability."
TrueBlue Launches Affinix Platform for Client Recruiters
TrueBlue announced that PeopleScout is making its proprietary Affinix talent acquisition platform directly available to client recruiters. "Recruiting leaders want proven talent attraction capabilities they can deploy within their existing technology and workflows - without a lengthy, complex implementation," said Rick Betori, President of PeopleScout. "Affinix is a modular platform built from deep recruiting expertise that delivers enterprise-grade capability without enterprise-level complexity, ready to deliver value from day one. It has powered PeopleScout's own recruiting operations for nearly a decade, and we're excited to put this technology directly in the hands of client recruiting teams."
TrueBlue Rejects HireQuest's $105 Million Acquisition Proposal
TrueBlue (TBI) announced that its Board of Directors has unanimously rejected the unsolicited, non-binding proposal from HireQuest (HQI) to acquire the On-Demand segment of TrueBlue's PeopleReady business for $105 million in cash. As previously disclosed last year, the Board considered, and rejected, an unsolicited, non-binding proposal from HireQuest to acquire all of TrueBlue's outstanding shares. HireQuest's latest proposal to acquire the On-Demand segment of the PeopleReady business, which was received on May 12, 2026, "materially undervalues a core strategic asset of TrueBlue that is experiencing increased demand and strong momentum, despite challenging market conditions... The Board is confident that the Company's plan to enhance the sales function, expand share in attractive end markets, and unlock efficiencies with technology and operational excellence will enable TrueBlue to realize long-term sustainable value in excess of what HireQuest has proposed. The Company is entering its fourth consecutive quarter of growth, and the Board and management team see significant potential ahead," the company said.
TrueBlue Appoints R. Chris Kreidler as Chair of the Board
TrueBlue, confirmed the appointment of R. Chris Kreidler as Chair of the TrueBlue Board of Directors, succeeding Jeffrey Sakaguchi. Kreidler has served on TrueBlue's Board since July 2020 and currently serves as a senior advisor to McKinsey & Company and as a C-suite coach. Mr. Sakaguchi and Colleen Brown retired from their roles as directors of the Board at the Company's 2026 Annual Meeting of Shareholders held on May 11, 2026. Paul Reitz, who joined the Board in 2023, has been appointed Chair of the Corporate Governance and Nominating Committee of the TrueBlue Board. These changes were effective as of the conclusion of the 2026 Annual Meeting.
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