Tacoma-based TrueBlue announced first-quarter earnings up 45 percent from the first quarter of 2014.
The employment company said in a release that quarterly revenue of $573 million represented per-share adjusted net income of 20 cents, up from 6 cents the year before.
“This was a very good quarter for us, with record first quarter revenue and net income,” stated TrueBlue CEO Steve Cooper. “The recruitment process outsourcing and on-premise management businesses we acquired last summer are continuing to win in the marketplace and deliver impressive results.”
Speaking of the current employment marketplace, Cooper stated, “Businesses are finding the right mix of contingent and permanent employees to drive their businesses forward with our talent and flexible workforce solutions.”
TrueBlue acquired the recruiting firm SeatonCorp of Chicago last year for more than $300 million.
Looking ahead to the second quarter, the company estimated revenue between $627 million and $642 million with adjusted per share income between 37 cents and 42 cents.
TrueBlue stock (TBI on the NYSE) traded Friday as high as $30.18, near the high mark of its 52-week range at $31.30.