Business

Tacoma’s TruBlue Inc. reports nearly 29 percent profit increase

Tacoma temporary staffing giant TruBlue Inc. says its net income grew by 29 percent in this year’s second quarter.

It reported net income of $16.1 million in this years second quarter compared with $12.5 million a year earlier.

The company said Thursday its revenues grew by some seven percent from $422 million to $453 million in the second quarter of 2014.

“We are pleased with our growth in the second quarter along with the momentum we have seen in June as seasonal business ramps up,” TrueBlue Chief Executive Officer Steve Cooper said in an earnings release. “Our organic growth continues to be strong, and the acquisitions we made in 2013 are performing to our expectations.

The company has been on the hunt for acquisitions in recent years. Most recently, the company acquired Chicago-based Seaton Corp. The addition of Seaton to TruBlue’s properties made TruBlue the nation’s largest industrial staffing provider.

TruBlue’s stock declined nearly 5.5 percent Thursday after the earnings news. It closed at $27.11 a share.

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