US blue-collar recruiter TrueBlue has seen year-on-year revenue increase 7% in Q2 2016, according to group results for the period.

The results, published late yesterday, reveal Q2 revenue of $673m (£508m) compared to revenue of $628m for the second quarter of 2015. 

The group posted a net loss for Q2 of $64m or $1.53 per diluted share, compared to net income of $17m or $0.42 per diluted share for Q2 2015. 

Meanwhile, adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for both Q2 2016 and Q2 2015 was $37m.

“Although we reported a net loss in the quarter due to the impairment, adjusted EBITDA results exceeded our expectation,” TrueBlue chief executive Steve Cooper said, commenting on the group’s results. 

“Revenue trends have been mixed this year, but we have managed our costs and are pleased with how our teams have continued to improve the spread between our bill rates and pay rates. 

“We are taking the right steps to preserve our profit margin and continue producing long-term growth for shareholders,” he added.

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