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TrueBlue Reports 2011 Fourth Quarter Results

TrueBlue News Release (02/08/11)

TrueBlue Inc. has reported revenue for the fourth quarter of 2011 of $350 million, an increase of 12% compared to revenue of $312 million for the fourth quarter of 2010. Net income for the fourth quarter of 2011 was $7.6 million, compared to net income of $4.0 million for the fourth quarter of 2010.

In a conference call with investors, TrueBlue chief executive officer Steve Cooper said, “Revenues continue to show strong growth, and gross margins also look strong here in the beginning of 2012.”

For the first quarter of 2012, TrueBlue estimates revenue in the range of $300 to $310 million.