Tacoma-based TrueBlue saw first-quarter 2017 revenues of $568 million, a 12 percent drop from the $646 million it earned in the same three-month period in 2016.
The company’s earnings statement, however, looks on the bright side. Without including the company’s “former largest customer” Amazon, revenues dropped only 3 percent.
First-quarter net income was $4.7 million.
The company estimated its second-quarter revenues could range from $600 million to $615 million.
“Our team did a great job managing bill rates and reducing operating expenses to generate net income ahead of our expectation,” TrueBlue CEO Steve Cooper said in a news release.
Amazon stopped using TrueBlue to staff its delivery centers last year, TrueBlue told investors in October.