TrueBlue announced its financial results for the fourth quarter and full-year 2024. Fourth quarter revenue was $386 million, a decrease of 22 percent compared to $492 million in Q4 2023, or 16 percent on a comparable 13-week basis. The net loss per diluted share was $0.40, compared to a net loss of $0.08 in the prior year period.
For the full year 2024, revenue was $1.6 billion, an 18 percent decrease from $1.9 billion in 2023, or 17 percent on a comparable 52-week basis. The full-year net loss per diluted share was $4.17, compared to a net loss of $0.45 in the prior year period. Adjusted net loss per diluted share for the full year was $0.46, compared to adjusted net income of $0.28 in 2023.
Management stated that 2024 was a transformative year, with significant progress on strategic priorities despite challenging market conditions. The company is focused on advancing its digital transformation, expanding into high-growth end-markets, and optimizing its business model. The accretive acquisition of Healthcare Staffing Professionals (HSP) is expected to contribute to a strong start in 2025.
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