Recent Updates — TBI

TrueBlue announced the appointment of Elizabeth Castro Gulacsy as an independent director effective October 26, 2026. The Board increased its size from nine to ten members to accommodate her election. Ms. Gulacsy brings extensive public company finance and accounting experience, having served as CFO of United Parks & Resorts and holding senior roles at Cross Country Healthcare. She will serve on the Audit Committee. This appointment follows a previously disclosed Cooperation Agreement with activist investors Eric H. Su and EHS Management LLC. TrueBlue operates in the staffing and workforce management industry.

TrueBlue reported second quarter 2026 financial results with revenue of $443 million, a 12 percent increase year-over-year. The company posted a net loss of $3.4 million, or $0.11 per diluted share, compared to a net loss of $0.2 million in the prior year period. This result included a non-cash loss of $3 million on assets held-for-sale and workforce reduction costs of $640,000. Adjusted EBITDA improved significantly to $11 million from $3 million in the prior year, driven by disciplined SG&A management which decreased 7 percent to $84 million. The company reported total liquidity of $79 million at period end, consisting of $23 million in cash and a $56 million unused borrowing base against $82 million in debt. TrueBlue operates in the specialized workforce solutions industry, providing flexible staffing, workforce management, and recruitment services.