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Earnings Call Summary | TrueBlue(TBI.US) Q1 2024 Earnings Conference

Earnings Call Summary | TrueBlue(TBI.US) Q1 2024 Earnings Conference

業績電話會議摘要 | TrueBlue (TBI.US) 2024 年第一季度業績會議
富途資訊 ·  05/07 16:27  · 電話會議

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

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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