FINANCIALS: US recruiter TrueBlue reports dip in revenue

US blue collar recruiter TrueBlue has reported a slight decrease in revenue for Q1 2019.

The group’s Q1 2019 results reveal revenue of $552m (£425.4m), marginally down on revenue reported for the first quarter of 2018 ($554m). Net income per diluted share was $0.21, a decrease of 5%, compared to $0.22 in Q1 2018.

Elaborating on the group’s performance, CEO Patrick Beharelle said: “Our revenue trend improved from the prior quarter despite challenging weather conditions, and bottom line results exceeded our expectation.

“PeopleReady delivered its fourth consecutive quarter of revenue growth and our focus on reducing cost of services produced our 13th consecutive quarter of consolidated gross margin expansion.

“We see a favourable market for human capital services and are pleased with both the progress and opportunity associated with our strategies. 

“Our JobStack and Affinix technologies are leading our business into a digital future. JobStack dispatches continue to increase and we are accelerating our deployment of Affinix. We remain focused on organic growth, disciplined cost management and returning capital to shareholders.”

The group estimates revenue for Q2 2019 will range from $606m to $623m with net income per diluted share ranging from $0.39 to $0.46.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

Consilium Recruit helps Electroflight source engineering specialists

Midlands recruitment company Consilium Recruit has signed a two-year deal with pioneering technology specialist Electroflight to source specialists in the emerging battery-powered aerospace industry.

Contracts 21 May 2020

APPOINTMENTS: 4-8 MAY 2020

This week’s appointments include: APSCo, Fircroft Group, Pedersen & Partners, Robert Walters

People 4 May 2020

Energy recruiter given Queen’s Award for Enterprise for growth

A specialist recruiter has been honoured with the Queen’s Award for Enterprise for outstanding growth in overseas sales over the last three years.

30 April 2020

CONTRACTS & DEALS: 27 APRIL-1 MAY 2020

This week’s new contracts & deals include: Alvius, Bobby Financial Services, Cross Country Healthcare, Tech Professionals, ukstartupjobs

New to Market 28 April 2020
Top