TrueBlue News Release (02/06/13)

TrueBlue Inc. today reported revenue for the fourth quarter of 2012 of $345 million, a decrease of 2% compared with revenue of $350 million for the fourth quarter of 2011. Revenue for the full fiscal year of 2012 was $1.39 billion, an increase of 6% compared with $1.32 billion for 2011.

Net income for the fourth quarter of 2012 was $7.4 million, compared with net income of $7.6 million for the fourth quarter of 2011 (down 2%). Net income for 2012 was $33.6 million compared with $30.8 million for the prior year, a 9% increase.

Additionally, TrueBlue announced today that it has acquired MDT Personnel, a temporary staffing provider with 105 branches and 15 onsite locations across 25 states. MDT is the third-largest general labor staffing firm in the U.S. and supplies workers to industries similar to those served by TrueBlue, including construction, event staffing, disaster recovery, hospitality, and manufacturing. TrueBlue will expand the size of its general labor business by integrating MDT’s operations with those of Labor Ready.