TrueBlue Reports 2012 Third Quarter Results
TrueBlue News Release
TrueBlue Inc. reported revenue for the third quarter of 2012 of $379 million, an increase of 2%, compared with revenue of $371 million for the third quarter of 2011. Net income for the quarter was $14.3 million, compared with net income of $13.9 million for the third quarter of 2011.
“TrueBlue achieved revenue and earnings per share growth this quarter, while managing through an increasingly difficult economic environment,” TrueBlue chief executive officer Steve Cooper says. “Demand for labor in manufacturing has declined and growth trends softened across most of the other industries we serve. Our results have also been adversely impacted by the anticipated decline of a large customer project. For the fourth quarter, we anticipate the uncertain economic conditions to continue along with further decline from this project.”
TrueBlue estimates revenue in the range of $332 million to $342 million for the fourth quarter.
Randstad Q3 2012 Results
Randstad News Release
Randstad’s third-quarter results show a 4% increase in revenue to €4,396.8 million, though revenue per working day slipped 3.6%. The company reports ongoing growth in North America, Asia, and Latin America, but economic and labor market uncertainty in Europe led to declines there. Payroll services, managed services, and recruitment process outsourcing posted strong revenue growth. Moreover, the company says operating expenses fell €18 million compared with the previous quarter.
Revenue in North America grew by 4% per working day. Gross margin in North America maintained its momentum and continued to expand, contributing to the 5% growth of the company’s North American gross profit.
Jobless Claims in U.S. Drop as Seasonal Volatility Winds Down
(10/25/12) Lorraine Woellert; Shobhana Chandra
Jobless claims fell by 23,000 last week to 369,000 from a revised 392,000 the prior period, according to the U.S. Department of Labor. The four-week moving average of jobless claims, a less-volatile measure than the weekly numbers, rose to 368,000 last week from 366,500. Averaged over a number of weeks, the pace of layoffs has scarcely changed, suggesting payroll gains are being curbed by a lack of hiring. Still, the data suggest companies are facing enough demand to maintain staffing levels even amid fears about a slowing global economy.
Responding to EEOC’s Criminal History Guidance—ASAPro Webinar Next Week
Has the guidance recently issued by the U.S. Equal Employment Opportunity Commission about employers’ use of candidates’ criminal history left you wondering how to comply? Don’t miss the ASAPro
Webinar “How Employers Are Responding to the EEOC’s Criminal History Guidance
,” Thursday, Nov. 1, 3–4 p.m. Eastern time. During this program, Gerald L. Maatman Jr., Esq., and Pamela Q. Devata, Esq., of Seyfarth Shaw LLP will tell you what information you should consider when making employment decisions, how staffing companies are following EEOC guidance, and which steps you can take to comply with the regulations.
Webinars are free
for ASA members and qualify for continuing education hours toward ASA certification renewal. Register online at americanstaffing.net
Share Your Expertise With Industry Peers
Can you offer solutions for the challenges that staffing firms face today? The American Staffing Association is now looking for staffing industry professionals to share their experience and expertise through published articles and presentations. ASA is also looking for professionals in business, work force, workplace management, and other disciplines pertinent to the staffing industry.
As a presenter for ASA, you will have the opportunity to reach out to staffing industry professionals and build lasting connections.
The deadline to submit a Staffing World®
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Proposals for ASAPro
Webinars or articles for ASA publications are accepted on an ongoing basis. Earlier submissions are given priority.
Do you know of a staffing professional in your company who would be a perfect presenter for ASA? Asking your internal staff to submit a proposal helps show them how important they are as an employee and resource in your company.
For more information and to download submission guidelines, visit americanstaffing.net