Earnings Call Summary | TrueBlue(TBI.US) Q1 2024 Earnings Conference
Earnings Call Summary | TrueBlue(TBI.US) Q1 2024 Earnings Conference
The following is a summary of the TrueBlue, Inc. (TBI) Q1 2024 Earnings Call Transcript:
以下是TrueBlue, Inc.(TBI)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
TrueBlue reported a total Q1 2024 revenue of $403 million, a 13% decrease compared to the prior year period.
The company had a gross margin of 24.7%, a decrease of 180 basis points due to changes in revenue mix.
SG&A expenses were successfully reduced by 13%, matching the company's revenue decline.
The company recorded a net loss of $2 million this quarter, an improvement compared to the net loss of $4 million in Q1 2023.
Adjusted net income was $1 million, turning around from an adjusted net loss of $2 million last year, but adjusted EBITDA declined to negative $3 million from positive $3 million in the prior year period.
TrueBlue ended the quarter with no debt, $36 million in cash, and has a borrowing availability of $140 million.
TrueBlue報告稱,2024年第一季度的總收入爲4.03億美元,與去年同期相比下降了13%。
由於收入結構的變化,該公司的毛利率爲24.7%,下降了180個點子。
銷售和收購費用成功減少了13%,與公司的收入下降相匹配。
該公司本季度淨虧損200萬美元,與2023年第一季度的400萬美元淨虧損相比有所改善。
調整後的淨收入爲100萬美元,從去年調整後的淨虧損200萬美元扭轉,但調整後的息稅折舊攤銷前利潤從去年同期的正300萬美元降至負300萬美元。
TrueBlue在本季度末沒有債務,現金爲3,600萬美元,可用借款爲1.4億美元。
Business Progress:
業務進展:
The company saw its seventh straight quarter of revenue growth in the renewable energy vertical, doubling its revenue in this area once again.
TrueBlue managed its cost by aligning its cost structure with client demand.
To increase profitability and focus, the company is simplifying its organizational structure and implementing its strategic priorities such as a digital transformation and expansion into high-growth, under-penetrated markets like skilled trades and healthcare.
TrueBlue noted that it experienced increasing fill rates, now around 80%, and expects this trend to continue as market demand returns.
The company also purchased about $10 million worth of shares in Q1, approximately 3% of the overall share count.
該公司在可再生能源垂直領域連續第七個季度實現收入增長,該領域的收入再次翻了一番。
TrueBlue通過使其成本結構與客戶需求保持一致來管理成本。
爲了提高盈利能力和專注力,該公司正在簡化其組織結構並實施其戰略重點,例如數字化轉型以及向熟練工種和醫療保健等高增長、滲透率不足的市場擴張。
TrueBlue指出,它的填充率不斷提高,目前約爲80%,並預計隨着市場需求的恢復,這種趨勢將繼續下去。
該公司還在第一季度購買了價值約1000萬美元的股票,約佔總股數的3%。
More details: TrueBlue IR
更多詳情: TrueBlue 紅外
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譯文內容由第三人軟體翻譯。