TrueBlue Inc

For the period ended Jun 30, 2024. Filed Aug 5, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 5, 2024

TBI$12.68+4.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income (Loss)

	Thirteen weeks ended		Twenty-six weeks ended
(in thousands, except per share data)	June 30,2024	June 25,2023	June 30,2024	June 25,2023
Revenue from services	$396,230	$475,588	$799,083	$940,876
Cost of services	291,807	345,097	595,274	687,272
Gross profit	104,423	130,491	203,809	253,604
Selling, general and administrative expense	97,018	121,282	203,955	243,927
Depreciation and amortization	7,691	6,280	15,649	12,691
Goodwill and intangible asset impairment charge	59,674	9,485	59,674	9,485
Income (loss) from operations	(59,960)	(6,556)	(75,469)	(12,499)
Interest and other income (expense), net	1,741	578	3,340	1,592
Income (loss) before tax expense	(58,219)	(5,978)	(72,129)	(10,907)
Income tax expense	46,491	1,345	34,279	705
Net income (loss)	$(104,710)	$(7,323)	$(106,408)	$(11,612)
Net income (loss) per common share:
Basic	$(3.45)	$(0.24)	$(3.46)	$(0.37)
Diluted	$(3.45)	$(0.24)	$(3.46)	$(0.37)
Weighted average shares outstanding:
Basic	30,349	30,966	30,725	31,629
Diluted	30,349	30,966	30,725	31,629
Other comprehensive income (loss):
Foreign currency translation adjustment	$221	$506	$163	$253
Comprehensive income (loss)	$(104,489)	$(6,817)	$(106,245)	$(11,359)

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.