FINANCIALS: US TrueBlue sees decline in revenue

US blue-collar recruiter TrueBlue has seen revenue decline 9% year-on-year, according to Q2 2016 results.

The results, published late yesterday, reveal group revenue of $610m (£461.7m), down from $673m over the period. Net income per diluted share was $0.31 compared to a loss of $1.53 in the second quarter of 2016. 

Commenting on the results, TrueBlue CEO Steve Cooper said they were “consistent with our expectations”.

“Our strategic focus emphasises pricing discipline over simply expanding market share. Combined with our reduction of operating expenses, this is the right approach given the modest demand environment.

“We are pleased with our expanding presence in high-growth, high-margin recruitment process outsourcing and productivity-based solutions. We are equally excited about our mobile strategy, which creates a competitively differentiated service offering to drive future growth.”

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