Tacoma-based temporary labor provider TrueBlue Inc. saw both revenues and profits increase in double digits in the second quarter, the company reported Wednesday.
The company revenues were up 11 percent in the quarter to $354 million, compared with the second quarter of 2011 when revenues were $320 million.
Net income jumped 21 percent in the same period to $10.3 million, compared with $8.5 million in the same quarter last year.
“We executed very well this quarter,” said TrueBlue CEO Steve Cooper. “Our team delivered double-digit growth in revenue and profits. Our services are increasingly relevant to customers who are turning to us as they manage their businesses through this uncertain economic environment. Our disciplined approach to managing our business will continue to drive growth and deliver value over the long term.”
The company predicted revenues of $385 million to $395 million for the third quarter and net income per share of 34 cents to 39 cents.
Second-quarter earnings per share amounted to 26 cents.
TrueBlue’s brands include Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs and Centerline.
john.gillie@thenewstribune.com
253-597-8663
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.