US TrueBlue sees rise in revenue

US industrial manufacturing and engineering staffing specialist TrueBlue has seen revenue rise 45% to US$573m (£378m) in Q1 2015, compared to the same period last year.
Fri, 24 Apr 2015

US industrial manufacturing and engineering staffing specialist TrueBlue has seen revenue rise 45% to US$573m (£378m) in Q1 2015, compared to the same period last year.

Results for the three months ending 31 March, published yesterday (23 April), reveal adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) was $19m, more than double the figure on the same period last year ($8m).

In a statement, TrueBlue chief executive Steve Cooper said: “This was a very good quarter for us, with record first quarter revenue and net income.

“The recruitment process outsourcing and on-premise management businesses [Seaton] we acquired last summer are continuing to win in the marketplace and deliver impressive results.

“In addition, strategies we implemented over the past several months have produced adjusted EBITDA growth of 50%.”

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