TrueBlue, Inc. — Call Transcript 2026

Our next company is TrueBlue, ticker TBI. Joining us today is Taryn Owen, President and CEO, and Carl Schweihs, Chief Financial Officer. Before we begin, we will have time for Q&A following prepared remarks in a fireside chat format. You do not need to wait until the end. If you would like to submit a question, just click on the Q&A prompt at the bottom of your screen. You do not need to wait to do that. You can do that at any time. With that, we will be able to launch right into our time together today. Good afternoon, and thank you for joining us today. For those who are new to the story, can we begin with a brief profile of TrueBlue? Yes. Thank you, Marc. Excited to be here today. Hi, everyone. Just a quick reminder that our safe harbor statements apply to our discussion today and are provided here for your reference. Before we take questions, as Marc mentioned, we'd like to give a brief introduction to the company. We'll spend time talking about TrueBlue's differentiated market position, how we are uniquely positioned to help customers solve their workforce challenges. We'll walk you through three compelling strategies that we are focused on across our business to drive top-line growth and margin expansion. Finally, we'll review our focused capital strategy, as well as the experience of our leadership teams. TrueBlue's mission is to connect people and work. Since our founding, we have connected more than 10 million people with work and serviced over 3 million clients across a variety of industries. As one of the largest U.S. staffing providers and global recruitment process outsourcing providers, we generated $1.6 billion in revenue last year. Our teams are consistently recognized as leaders, and our mission-driven employees are dedicated to serving customers with excellence every day. The world of work is quickly evolving, and companies are turning to human capital experts with innovative workforce solutions to help solve their growing talent challenges. They are looking for digital engagement with insights, ways to be more nimble and efficient, and the ability to adapt to varying levels of workforce complexities. This aligns with our strengths and creates compelling long-term opportunities for our business. The combination of our technology and ability to quickly scale up and down with changes in hiring volumes make us an efficient solution for businesses with changing workforce needs. Fulfilling our mission to connect people and work requires agility and adaptability, and that's what our business model provides. TrueBlue is at the forefront of connecting people in work supported by our high-touch, specialized digitally enabled solutions, making us a leader in the changing world of work and elevating our growth and profitability potential. I'll turn it over to Carl to share further details on our unique market position. Thank you, Taryn. To support our clients' various needs, we provide a breadth of specialized service offerings. PeopleReady is our largest segment and a leading provider of on-demand general and skilled labor for North American industrial staffing market. We service our clients with the strength of our national footprint, expansive local market presence that's digitally enabled with our award-winning JobStack mobile application. Our PeopleManagement segment provides contingent on-site industrial staffing and commercial driver services in North America. The essence of a typical PeopleManagement engagement is supplying an outsourced workforce that involves multi-year, multimillion-dollar on-site or driver relationships. People Solutions is our highest margin segment and a global leader in filling permanent positions through our recruitment process outsourcing services, as well as providing talent, advisory, and healthcare staffing solutions. Our PeopleScout brand supported by our Affinix technology, with buyers often citing it as a key factor in choosing PeopleScout over other market solutions. Having served in the staffing industry for more than three decades, we have well-established brands, deep expertise, and competitive advantages of scale, technology, and industry expertise that other smaller staffing providers simply cannot match. TrueBlue's in a strong position to capitalize on growth opportunities with tremendous strengths and assets. We have a robust team of talented, dedicated, mission-driven people serving our clients with excellence every day. We have significant scale and expansive market presence. We also have deep expertise and long-standing client relationships. Our proprietary technology allows us to provide a differentiated user experience while providing operational efficiencies. This combination of expansive presence, deep client relationships, and proprietary tech positions us favorably to capitalize on opportunities in high-demand verticals that will drive growth and increase our margin. Next, Taryn will walk you through our long-term growth strategy. Thank you, Carl. We have clear strategic priorities that are focused on top-line growth and margin expansion, enabling us to unlock the full power of our assets. We are focused on enhancing our sales function to drive scalable growth and improve profitability, expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities, and advancing our digital transformation with a focus on enhancing the user experience and creating efficiencies. We are confident that these three priorities will help us capitalize on the growth opportunities ahead, enhance shareholder value, and advance our mission to connect people and work. Enhancing our sales function is a key strategic focus as we advance towards sustainable profitable growth. For our on-demand staffing business, we recently executed a comprehensive reorganization of our operating model, transitioning to a more efficient territory-based structure and investing in sales resources to expand our reach. This structure and increased sales capacity enable more targeted, localized sales strategies and deeper client engagement. We also continue to advance our enterprise-wide strategic partnership program and cross-selling initiatives, unlocking new client acquisition channels, and fueling a growing pipeline of multi-brand opportunities across our portfolio. Strengthening our business model to enable enhanced sales strategies, innovation, and efficiencies allow us to better leverage our inherent strengths to deliver long-term profitable growth. Another key strategic priority is expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities. Market expansion has been a significant performance contributor as we leverage our strong market position and expertise to capture demand in attractive verticals with strong growth drivers. We already have a proven track record in the energy space and a healthy pipeline for continued potential growth in that market, as well as adjacent sub-sectors such as energy storage facilities and data centers. We also continue to improve our strong position in skilled trades overall, with our skilled businesses outpacing the broader market in recent years, and our skill development programs providing opportunities for workers to build careers in skilled trades while bolstering our talent pool to fill critical market gaps. We are well-positioned to fill staffing shortages in skilled trades and have experience and relationships to drive growth in other key end markets such as healthcare and professional services. We also continue to advance the digital transformation of our business, positioning us to drive efficiencies and expand our reach. A key factor in our ability to deliver a differentiated user experience while also driving operational efficiencies is our portfolio of proprietary technology platforms, including JobStack, Affinix, and Stafftrack. We've made significant progress enhancing the capabilities of our digital ecosystem with advancements that include AI-powered job matching, predictive analytics, and behavioral insights across the talent lifecycle. Our technology allows us to deliver smarter workforce solutions, creating greater value for the customers and talent we serve while expanding our reach and supporting efficiency at scale. Carl will review our operational strength and capital strategy. Taryn, we've simplified our organizational structure to reduce complexity, eliminate silos, and reduce our overall cost to serve. We've also consolidated several functions into shared services to reduce SGA and redeploy our resources towards high-value, revenue-generating growth initiatives. Our focus is on leveraging our automation and our proprietary technology to continue streamlining workflows, driving efficiencies, and enhancing operating leverage. We have a strong balance sheet and ample liquidity, which provides us with flexibility to weather economic headwinds and make key strategic investments to support future growth opportunities. In terms of capital allocation strategy, share repurchases remain important, but they're balanced with protecting our liquidity position and making strategic investments to advance our business model. Investing in the business is a top priority, with the focus on high ROI investments in sales and automation, as well as through product differentiation and efficiency-enabling tech investments. I'll pass it back to Taryn for the last remaining highlights. Thanks, Carl. I'd like to take a moment to highlight our leadership team, which is the driving force behind everything we've discussed today. The team you see here has a deep history of staffing experience to guide the company through current market conditions and long-term growth opportunities. I'm proud to serve alongside this team as we work to lead TrueBlue forward. To close, I want to reiterate the tremendous strengths and assets we have at TrueBlue as we continue to advance our long-term growth strategy. We are a market leader with strong industry growth prospects and compelling strategies that we are focused on advancing. We are committed to managing a strong liquidity position and have a history of consistently returning capital to our shareholders. We have a talented and dedicated team with deep expertise and a commitment to our mission to connect people and work. Thank you for your interest in TrueBlue. We are now ready for questions. Thank you very much. I wanted to start with the following: 1Q results. You did have commentary regarding 2Q and your expectations, which included year-over-year revenue growth in a range of 2%-8%, as well as sequential gross margin expansion of 130-170 basis points. For those who may not be familiar, maybe you can share some of the drivers behind those expectations for the 2Q commentary. Thanks, Marc. Look, we're seeing strong momentum across our attractive markets. We expect growth across all of our skilled businesses as we continue to capture rising demand in that space. We also expect sequential gross margin expansion as we move through the year. Really, our business mix shifts towards our PeopleReady on-demand business, which begins to ramp in the spring with outside work and gets to higher volumes in Q3 and Q4. It's also important just to keep in mind that we typically see our highest volumes in the second half of the year due to the seasonality of our business. While we expect to see improved operating leverage in the second quarter, which we guided to, our lean cost structure will lead to further margin expansion, and improvement as we move through 2026. Okay, great. Wonder if you could share some thoughts on particular areas where you see the opportunity for improved market share. I know it's sort of a challenging economy out there, but maybe you could talk a little bit about some of the market share gain opportunities that you have in front of you. Sure. Thanks for the question. We're focusing on our expansion efforts on those attractive high-growth markets across our business. Thinking about energy, healthcare, government, are particular areas of focus for us. We already have a strong track record of success in energy, and there are an increasing number of secular growth drivers in this space, positioning us to capture further upside as we continue to expand into adjacent sub-sectors, including those supporting data centers and energy storage facilities. Healthcare also remains a significant long-term market opportunity for us, with strong secular growth drivers as we continue to strengthen our market position with new business wins and geographic expansion of our healthcare staffing business. Finally, we're expanding our presence in the government vertical, most notably with our RPO and talent advisory solutions, securing new business in this growing market with those long-term secular tailwinds. We talked about the large new win that we had with the U.K. Armed Forces in our PeopleScout business that we're excited to serve. Great. For those who may not be familiar, you had announced a strategic partnership with a leading group purchasing organization, that partnership had led to approximately $11 million in annualized new business when you reported 1Q results, I believe. Maybe you could just give a little bit of background for those who may not be familiar, as well as an update on the benefits of the partnership and the pipeline there? Yes, thank you for that. We're really just at the tip of the iceberg relative to this partnership and are very encouraged by the progress that we are seeing. It's really driving new business opportunities and expanding our sales reach nationwide. As you mentioned, we secured $11 million of annualized new business wins in the first quarter through this partnership, and we're continuing to build momentum as we expand this relationship into new sectors. Just a couple of recent wins that we've had include two nationwide retail stores, and we'll have work beginning with those customers here coming up in future quarters. Headline news is we've got a strong pipeline here with many opportunities ahead with this group purchasing organization partnership. Great. Wonder if you talk a little bit about how you see the evolution of your go-to-market strategy and how we might see that in each of the three segments? Yeah, great question. I think it's important to note that we're meeting our customers and employers and talent where they are. With our really omnichannel workforce delivery, we're able to leverage our expansive market presence and our proprietary technologies to really deliver a full spectrum customized solution to our customers. Whether it's global hiring or national account delivery to local talent matching, to high-touch on-site services, we're able to provide the scale, but importantly, the customization required to fit each of our customers' and prospects' unique needs as it relates to their workforce challenges. I talked earlier about our sales model and the work that we've done there to accelerate growth and capture incremental demand by expanding that sales capacity. Again, just making sure that we're customizing our solutions for our customers. We have a broad base of brands and solutions that we can bring to the table to solve the number of workforce challenges that are out in the market. Okay, excellent. Certainly would need to address the giant elephant that's in every room. Maybe you could talk a little bit, maybe spend a couple of minutes on your views on artificial intelligence. AI is both a driver for demand, but also an internal efficiency benefit. Yes, great question. AI is differentiating TrueBlue's service in ways that improve scalability, productivity, and satisfaction. Ultimately, with an aim to increase the value that we're providing to both our customers and to the associates that we put to work. We do have AI embedded across our proprietary technologies. Again, that's JobStack, Affinix, and Stafftrack, which is really helping us to enhance every stage of the process and staffing life cycle. From an internal perspective, we have AI-driven efficiencies that are really helping us to reduce those administrative bottlenecks, really improve our fulfillment rates for the jobs that we're filling on behalf of our customers, which frees up our team's time, allowing them to focus more on strategic workforce management rather than those routine tasks, which ultimately not only helps us expand our reach, but lower our cost of delivery as revenue per headcount increases. I would just say overall, we see both top-line growth and margin expansion opportunity as a result of AI. Okay, excellent. Then one of the things that you touched on this a little bit, maybe we can delve a bit deeper into it. You have a diverse customer base when it comes to the industry verticals. You made mention in your prepared remarks around the energy business and some of the strength that you've seen there. Maybe you could share some of the things that you're seeing with some of the other key industry verticals, as well as any which that stand out that maybe investors may not be as familiar with. Yeah. Thanks, Marc. I'll take that one. I know there was a question maybe that popped up into the Q&A, I'll try to address that one as well, and maybe hit energy first. Yeah, our revenue and energy sector, it's more than doubled for the third consecutive quarter. Really, we have strong client relationships, deep expertise in this space, over a decade of experience, and we continue to capture demand. From a what's next, we have a really solid pipeline within our renewable business. We work with some of the larger EPCs in the space. We continue to add logos, with several projects expected to ramp up here in Q2. I'd also say that there's just a couple of increasing secular growth drivers in that energy space as well, which position us well to capture further upside as we expand into call it adjacent sub-sectors. Think of energy, battery storage and other areas that we're seeing more success in. Also on the energy side, within data centers. There's some bring your own power requirements to some of the data center projects now. About a third of our energy projects are now attached to those data centers. Feel like we've got some good move there. Then outside of energy growth, as we've kind of already discussed, our commercial driver business continues to outperform the broader market. It's in its ninth consecutive quarter of growth for us at TrueBlue. Really, again, due to strong client relationships, deep expertise in the space. What we've really seen is a lot of taking share in our managed offering within that business. We feel like with the transportation market starting to pick up a little bit, we have some room for more growth in that business as well. Then I'd say what we're looking at is really where there's structural labor shortages. Those are leading to rising demand and skilled roles, which we have across our portfolio. Those end markets with energy, commercial truck drivers, just being two of those examples. Then the last piece I'd just add is during the first quarter, we also saw improved trends in professional services and hospitality verticals. Beyond the secular growth opportunities we're targeting in those areas, such as healthcare, we're also focused on capturing that demand with events and venues as large sporting events create additional opportunity for us. Great, actually, that's a great segue into next question around the vertical. The HSP acquisition, for those who may not be familiar with Healthcare Staffing Professionals, that acquisition closed a little over a year ago in February of 2025. With the time that you've now had them under your umbrella, maybe you could share some thoughts on both the acquisition, the purchase, the integration there, as well as the healthcare vertical in general. Yeah, thanks for the question. Healthcare remains a significant long-term opportunity for us with those strong secular growth drivers. We've made significant progress expanding into the healthcare end market, with wins spanning across our range portfolio, as well as the addition of HSP. HSP adds deep healthcare expertise, which does strengthen our ability to serve specialized segments and pursue those new higher growth opportunities in an end market with significant untapped potential. Since joining TrueBlue, HSP has expanded its geographic presence by over 50%. We are committed to really thoughtfully scaling this business to capture sustained demand. Really, really pleased with the progress so far. Okay. In your prepared remarks, you made commentary around the plans on strengthening the sales team in select markets and geographies. Maybe you could discuss some of the key drivers, some of the things that you're looking for in those market selections and the potential timeframe we might have in those plans. Yeah, I'll start and ask Carl to weigh in as well. As you mentioned, we aligned our PeopleReady on-demand organization into sales territories that include one or more branches under single leadership to grow our customer base. Our strategy is to enhance our sales abilities in those territories, we've made a lot of good progress as it relates to increasing that sales capacity. The sales reps are strategically placed to attack the largest market opportunities across the country, implementing targeted, localized sales and deeper client engagement. We're continuing to see strong performance across our territories and sales organization with metrics that highlight improved growth and profitability. In our on-demand business, we saw stronger performance in our local business in Q1, which is driven by the continued sales investments that we've made. We have a lot of room to add to that, we're taking a measured approach. It's an ongoing process of continued optimization. To add on to this, we talked about this Q1 as well. [crosstalk] Oh, sorry. No, go ahead. I was just going to say, we've also kind of the East region return to growth in Q1 and continue to see more and more territories returning to growth as that strategy continues to take hold. Encouraging signs there as well. Okay, great. I was wondering if you'd talk a little bit about what you've seen with the RPO pipeline and the sales cycle more recently there. Yes. Clients are continuing to navigate evolving market conditions. With that, we're very encouraged to see signs of stabilization with growing momentum in new RPO business wins and expansions. We're adding new clients to our portfolio and expanding existing client relationships. As our customers' hiring volumes return to more normalized levels within each of their unique businesses, the scale of these engagements position us very well to accelerate growth. As you may recall, Marc, we had our PeopleScout team recently won a nine-year RPO deal with a law enforcement agency in the U.K. This win, along with our previous win in the U.K. with the Armed Forces, has opened more opportunities for us in the government sector, where PeopleScout is actively building on additional projects. We're really pleased with that development. Okay, great. You made mention of this a bit on the prepared remarks, but for those who may not be familiar with JobStack, maybe you could share just some of the benefits of the platform and how it differentiates you from your competitors. Sure. Our JobStack system is proprietary. It positions us to drive really efficiencies in the business, efficiencies with our customers and for our associates, and expand our reach. We have this system, we can control our roadmap and very quickly address evolving user needs with feedback coming from our customers, our associates, and our local teams. JobStack overall delivers an enhanced customer experience. It helps to improve our sales effectiveness. Again increases those operational efficiencies, freeing up our team to focus on higher value work. As it relates to the associate and client experience, we're really able to utilize this tool to drive higher engagement. There's a couple of features that I'll call out. We do have functionality that really streamlines the matching process, which ultimately reduces our time to placement and enhances flexibility for our customers and our associates. We also have an AI-enabled bill rate function that provides fast data-informed guidance to our staff, which support them in making more appropriate bill rate quotes, and helps our customers with their own staffing decisions. I would just say, overall, our platform modernizes the staffing experience with that AI matching tool and pricing to deliver a faster, more transparent workforce solution, that again, is complemented by our national footprint and our local teams that are out serving those customers. Okay. Excellent. I wanted to shift over to the balance sheet, which is strong, which is a good thing to have. Maybe you could talk a little bit about current thoughts on capital allocation prioritization at this point. Yeah, thanks, Marc. Look, we're focused on balancing ample liquidity, continuing to make strategic investments where it provides growth opportunity for us. As we have historically returning excess capital to shareholders via share repurchases. Currently with excess cash and as free cash flow improves, we're looking to pay down debt first. We continue to manage our fixed cost base down. Our capital spend is now under 1% of revenue. With the business returning to organic growth, we expect to pay down our debt throughout the year. I'd say share repurchases, they remain important, but balance first with maintaining a strong balance sheet. We've got about $34 million remaining under that share repurchase authorization. Okay. Excellent. We're toward the end, as time flies, always. We're toward the end of our time together today. Maybe you could just share some closing remarks about TrueBlue for our investors today. Yeah. Thank you. We are encouraged by the momentum that we are seeing in our business and our strategic priorities taking hold. We've reported three consecutive quarters of growth and guided to a fourth here in Q2. We're anxious and excited to capture that momentum. Excellent. Well, I want to thank you for joining us today and presenting as well as all of our participants for joining us today with TrueBlue. Everybody have a wonderful and productive remainder of the day. Thank you so much. Thank you. Thanks, Marc.

Speaker 2: Our next company is TrueBlue, ticker TBI. Joining us today is Taryn Owen, President and CEO, and Carl Schweihs, Chief Financial Officer. Before we begin, we will have time for Q&A following prepared remarks in a fireside chat format. You do not need to wait until the end. If you would like to submit a question, just click on the Q&A prompt at the bottom of your screen. You do not need to wait to do that. You can do that at any time. With that, we will be able to launch right into our time together today. Good afternoon, and thank you for joining us today. For those who are new to the story, can we begin with a brief profile of TrueBlue? Our next company is TrueBlue, ticker TBI. our next company is trueblue ticker tbi Joining us today is Taryn Owen, President and CEO, and Carl Schweihs, Chief Financial Officer. joining us today is taryn owen president and ceo and carl schweihs chief financial officer Before we begin, we will have time for Q&A following prepared remarks in a fireside chat format. before we begin we will have time for q&a following prepared remarks in a fireside chat format You do not need to wait until the end. you do not need to wait until the end If you would like to submit a question, just click on the Q&A prompt at the bottom of your screen. if you would like to submit a question just click on the q&a prompt at the bottom of your screen You do not need to wait to do that. you do not need to wait to do that You can do that at any time. you can do that at any time With that, we will be able to launch right into our time together today. with that we will be able to launch right into our time together today Good afternoon, and thank you for joining us today. good afternoon and thank you for joining us today For those who are new to the story, can we begin with a brief profile of TrueBlue? for those who are new to the story can we begin with a brief profile of trueblue

Speaker 3: Yes. Thank you, Marc. Excited to be here today. Hi, everyone. Just a quick reminder that our safe harbor statements apply to our discussion today and are provided here for your reference. Before we take questions, as Marc mentioned, we'd like to give a brief introduction to the company. We'll spend time talking about TrueBlue's differentiated market position, how we are uniquely positioned to help customers solve their workforce challenges. We'll walk you through three compelling strategies that we are focused on across our business to drive top-line growth and margin expansion. Finally, we'll review our focused capital strategy, as well as the experience of our leadership teams. TrueBlue's mission is to connect people and work. Since our founding, we have connected more than 10 million people with work and serviced over 3 million clients across a variety of industries. Yes. yes Thank you, Marc. thank you marc Excited to be here today. excited to be here today Hi, everyone. hi everyone Just a quick reminder that our safe harbor statements apply to our discussion today and are provided here for your reference. just a quick reminder that our safe harbor statements apply to our discussion today and are provided here for your reference Before we take questions, as Marc mentioned, we'd like to give a brief introduction to the company. before we take questions as marc mentioned we'd like to give a brief introduction to the company We'll spend time talking about TrueBlue's differentiated market position, how we are uniquely positioned to help customers solve their workforce challenges. we'll spend time talking about trueblue's differentiated market position how we are uniquely positioned to help customers solve their workforce challenges We'll walk you through three compelling strategies that we are focused on across our business to drive top-line growth and margin expansion. we'll walk you through three compelling strategies that we are focused on across our business to drive top-line growth and margin expansion Finally, we'll review our focused capital strategy, as well as the experience of our leadership teams. finally we'll review our focused capital strategy as well as the experience of our leadership teams TrueBlue's mission is to connect people and work. trueblue's mission is to connect people and work Since our founding, we have connected more than 10 million people with work and serviced over 3 million clients across a variety of industries. since our founding we have connected more than 10 million people with work and serviced over 3 million clients across a variety of industries As one of the largest U.S. staffing providers and global recruitment process outsourcing providers, we generated $1.6 billion in revenue last year. Our teams are consistently recognized as leaders, and our mission-driven employees are dedicated to serving customers with excellence every day. The world of work is quickly evolving, and companies are turning to human capital experts with innovative workforce solutions to help solve their growing talent challenges. They are looking for digital engagement with insights, ways to be more nimble and efficient, and the ability to adapt to varying levels of workforce complexities. This aligns with our strengths and creates compelling long-term opportunities for our business. The combination of our technology and ability to quickly scale up and down with changes in hiring volumes make us an efficient solution for businesses with changing workforce needs. As one of the largest U.S. staffing providers and global recruitment process outsourcing providers, we generated $1.6 billion in revenue last year. as one of the largest u.s staffing providers and global recruitment process outsourcing providers we generated $1.6 billion in revenue last year Our teams are consistently recognized as leaders, and our mission-driven employees are dedicated to serving customers with excellence every day. our teams are consistently recognized as leaders and our mission-driven employees are dedicated to serving customers with excellence every day The world of work is quickly evolving, and companies are turning to human capital experts with innovative workforce solutions to help solve their growing talent challenges. the world of work is quickly evolving and companies are turning to human capital experts with innovative workforce solutions to help solve their growing talent challenges They are looking for digital engagement with insights, ways to be more nimble and efficient, and the ability to adapt to varying levels of workforce complexities. they are looking for digital engagement with insights ways to be more nimble and efficient and the ability to adapt to varying levels of workforce complexities This aligns with our strengths and creates compelling long-term opportunities for our business. this aligns with our strengths and creates compelling long-term opportunities for our business The combination of our technology and ability to quickly scale up and down with changes in hiring volumes make us an efficient solution for businesses with changing workforce needs. the combination of our technology and ability to quickly scale up and down with changes in hiring volumes make us an efficient solution for businesses with changing workforce needs Fulfilling our mission to connect people and work requires agility and adaptability, and that's what our business model provides. TrueBlue is at the forefront of connecting people in work supported by our high-touch, specialized digitally enabled solutions, making us a leader in the changing world of work and elevating our growth and profitability potential. Fulfilling our mission to connect people and work requires agility and adaptability, and that's what our business model provides. fulfilling our mission to connect people and work requires agility and adaptability and that's what our business model provides TrueBlue is at the forefront of connecting people in work supported by our high-touch, specialized digitally enabled solutions, making us a leader in the changing world of work and elevating our growth and profitability potential. trueblue is at the forefront of connecting people in work supported by our high-touch specialized digitally enabled solutions making us a leader in the changing world of work and elevating our growth and profitability potential I'll turn it over to Carl to share further details on our unique market position. I'll turn it over to Carl to share further details on our unique market position. i'll turn it over to carl to share further details on our unique market position

Speaker 1: Thank you, Taryn. To support our clients' various needs, we provide a breadth of specialized service offerings. PeopleReady is our largest segment and a leading provider of on-demand general and skilled labor for North American industrial staffing market. We service our clients with the strength of our national footprint, expansive local market presence that's digitally enabled with our award-winning JobStack mobile application. Our PeopleManagement segment provides contingent on-site industrial staffing and commercial driver services in North America. The essence of a typical PeopleManagement engagement is supplying an outsourced workforce that involves multi-year, multimillion-dollar on-site or driver relationships. People Solutions is our highest margin segment and a global leader in filling permanent positions through our recruitment process outsourcing services, as well as providing talent, advisory, and healthcare staffing solutions. Thank you, Taryn. thank you taryn To support our clients' various needs, we provide a breadth of specialized service offerings. to support our clients' various needs we provide a breadth of specialized service offerings PeopleReady is our largest segment and a leading provider of on-demand general and skilled labor for North American industrial staffing market. peopleready is our largest segment and a leading provider of on-demand general and skilled labor for north american industrial staffing market We service our clients with the strength of our national footprint, expansive local market presence that's digitally enabled with our award-winning JobStack mobile application. we service our clients with the strength of our national footprint expansive local market presence that's digitally enabled with our award-winning jobstack mobile application Our PeopleManagement segment provides contingent on-site industrial staffing and commercial driver services in North America. our peoplemanagement segment provides contingent on-site industrial staffing and commercial driver services in north america The essence of a typical PeopleManagement engagement is supplying an outsourced workforce that involves multi-year, multimillion-dollar on-site or driver relationships. the essence of a typical peoplemanagement engagement is supplying an outsourced workforce that involves multi-year multimillion-dollar on-site or driver relationships People Solutions is our highest margin segment and a global leader in filling permanent positions through our recruitment process outsourcing services, as well as providing talent, advisory, and healthcare staffing solutions. people solutions is our highest margin segment and a global leader in filling permanent positions through our recruitment process outsourcing services as well as providing talent advisory and healthcare staffing solutions Our PeopleScout brand supported by our Affinix technology, with buyers often citing it as a key factor in choosing PeopleScout over other market solutions. Having served in the staffing industry for more than three decades, we have well-established brands, deep expertise, and competitive advantages of scale, technology, and industry expertise that other smaller staffing providers simply cannot match. TrueBlue's in a strong position to capitalize on growth opportunities with tremendous strengths and assets. We have a robust team of talented, dedicated, mission-driven people serving our clients with excellence every day. We have significant scale and expansive market presence. We also have deep expertise and long-standing client relationships. Our PeopleScout brand supported by our Affinix technology, with buyers often citing it as a key factor in choosing PeopleScout over other market solutions. our peoplescout brand supported by our affinix technology with buyers often citing it as a key factor in choosing peoplescout over other market solutions Having served in the staffing industry for more than three decades, we have well-established brands, deep expertise, and competitive advantages of scale, technology, and industry expertise that other smaller staffing providers simply cannot match. having served in the staffing industry for more than three decades we have well-established brands deep expertise and competitive advantages of scale technology and industry expertise that other smaller staffing providers simply cannot match TrueBlue's in a strong position to capitalize on growth opportunities with tremendous strengths and assets. trueblue's in a strong position to capitalize on growth opportunities with tremendous strengths and assets We have a robust team of talented, dedicated, mission-driven people serving our clients with excellence every day. we have a robust team of talented dedicated mission-driven people serving our clients with excellence every day We have significant scale and expansive market presence. we have significant scale and expansive market presence We also have deep expertise and long-standing client relationships. we also have deep expertise and long-standing client relationships Our proprietary technology allows us to provide a differentiated user experience while providing operational efficiencies. This combination of expansive presence, deep client relationships, and proprietary tech positions us favorably to capitalize on opportunities in high-demand verticals that will drive growth and increase our margin. Our proprietary technology allows us to provide a differentiated user experience while providing operational efficiencies. our proprietary technology allows us to provide a differentiated user experience while providing operational efficiencies This combination of expansive presence, deep client relationships, and proprietary tech positions us favorably to capitalize on opportunities in high-demand verticals that will drive growth and increase our margin. this combination of expansive presence deep client relationships and proprietary tech positions us favorably to capitalize on opportunities in high-demand verticals that will drive growth and increase our margin Next, Taryn will walk you through our long-term growth strategy. Next, Taryn will walk you through our long-term growth strategy. next taryn will walk you through our long-term growth strategy

Speaker 3: Thank you, Carl. We have clear strategic priorities that are focused on top-line growth and margin expansion, enabling us to unlock the full power of our assets. We are focused on enhancing our sales function to drive scalable growth and improve profitability, expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities, and advancing our digital transformation with a focus on enhancing the user experience and creating efficiencies. We are confident that these three priorities will help us capitalize on the growth opportunities ahead, enhance shareholder value, and advance our mission to connect people and work. Enhancing our sales function is a key strategic focus as we advance towards sustainable profitable growth. For our on-demand staffing business, we recently executed a comprehensive reorganization of our operating model, transitioning to a more efficient territory-based structure and investing in sales resources to expand our reach. Thank you, Carl. thank you carl We have clear strategic priorities that are focused on top-line growth and margin expansion, enabling us to unlock the full power of our assets. we have clear strategic priorities that are focused on top-line growth and margin expansion enabling us to unlock the full power of our assets We are focused on enhancing our sales function to drive scalable growth and improve profitability, expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities, and advancing our digital transformation with a focus on enhancing the user experience and creating efficiencies. we are focused on enhancing our sales function to drive scalable growth and improve profitability expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities and advancing our digital transformation with a focus on enhancing the user experience and creating efficiencies We are confident that these three priorities will help us capitalize on the growth opportunities ahead, enhance shareholder value, and advance our mission to connect people and work. we are confident that these three priorities will help us capitalize on the growth opportunities ahead enhance shareholder value and advance our mission to connect people and work Enhancing our sales function is a key strategic focus as we advance towards sustainable profitable growth. enhancing our sales function is a key strategic focus as we advance towards sustainable profitable growth For our on-demand staffing business, we recently executed a comprehensive reorganization of our operating model, transitioning to a more efficient territory-based structure and investing in sales resources to expand our reach. for our on-demand staffing business we recently executed a comprehensive reorganization of our operating model transitioning to a more efficient territory-based structure and investing in sales resources to expand our reach This structure and increased sales capacity enable more targeted, localized sales strategies and deeper client engagement. We also continue to advance our enterprise-wide strategic partnership program and cross-selling initiatives, unlocking new client acquisition channels, and fueling a growing pipeline of multi-brand opportunities across our portfolio. Strengthening our business model to enable enhanced sales strategies, innovation, and efficiencies allow us to better leverage our inherent strengths to deliver long-term profitable growth. Another key strategic priority is expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities. Market expansion has been a significant performance contributor as we leverage our strong market position and expertise to capture demand in attractive verticals with strong growth drivers. This structure and increased sales capacity enable more targeted, localized sales strategies and deeper client engagement. this structure and increased sales capacity enable more targeted localized sales strategies and deeper client engagement We also continue to advance our enterprise-wide strategic partnership program and cross-selling initiatives, unlocking new client acquisition channels, and fueling a growing pipeline of multi-brand opportunities across our portfolio. we also continue to advance our enterprise-wide strategic partnership program and cross-selling initiatives unlocking new client acquisition channels and fueling a growing pipeline of multi-brand opportunities across our portfolio Strengthening our business model to enable enhanced sales strategies, innovation, and efficiencies allow us to better leverage our inherent strengths to deliver long-term profitable growth. strengthening our business model to enable enhanced sales strategies innovation and efficiencies allow us to better leverage our inherent strengths to deliver long-term profitable growth Another key strategic priority is expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities. another key strategic priority is expanding our presence in high growth and under-penetrated end markets to capitalize on secular growth opportunities Market expansion has been a significant performance contributor as we leverage our strong market position and expertise to capture demand in attractive verticals with strong growth drivers. market expansion has been a significant performance contributor as we leverage our strong market position and expertise to capture demand in attractive verticals with strong growth drivers We already have a proven track record in the energy space and a healthy pipeline for continued potential growth in that market, as well as adjacent sub-sectors such as energy storage facilities and data centers. We also continue to improve our strong position in skilled trades overall, with our skilled businesses outpacing the broader market in recent years, and our skill development programs providing opportunities for workers to build careers in skilled trades while bolstering our talent pool to fill critical market gaps. We are well-positioned to fill staffing shortages in skilled trades and have experience and relationships to drive growth in other key end markets such as healthcare and professional services. We also continue to advance the digital transformation of our business, positioning us to drive efficiencies and expand our reach. We already have a proven track record in the energy space and a healthy pipeline for continued potential growth in that market, as well as adjacent sub-sectors such as energy storage facilities and data centers. we already have a proven track record in the energy space and a healthy pipeline for continued potential growth in that market as well as adjacent sub-sectors such as energy storage facilities and data centers We also continue to improve our strong position in skilled trades overall, with our skilled businesses outpacing the broader market in recent years, and our skill development programs providing opportunities for workers to build careers in skilled trades while bolstering our talent pool to fill critical market gaps. we also continue to improve our strong position in skilled trades overall with our skilled businesses outpacing the broader market in recent years and our skill development programs providing opportunities for workers to build careers in skilled trades while bolstering our talent pool to fill critical market gaps We are well-positioned to fill staffing shortages in skilled trades and have experience and relationships to drive growth in other key end markets such as healthcare and professional services. we are well-positioned to fill staffing shortages in skilled trades and have experience and relationships to drive growth in other key end markets such as healthcare and professional services We also continue to advance the digital transformation of our business, positioning us to drive efficiencies and expand our reach. we also continue to advance the digital transformation of our business positioning us to drive efficiencies and expand our reach A key factor in our ability to deliver a differentiated user experience while also driving operational efficiencies is our portfolio of proprietary technology platforms, including JobStack, Affinix, and Stafftrack. We've made significant progress enhancing the capabilities of our digital ecosystem with advancements that include AI-powered job matching, predictive analytics, and behavioral insights across the talent lifecycle. Our technology allows us to deliver smarter workforce solutions, creating greater value for the customers and talent we serve while expanding our reach and supporting efficiency at scale. A key factor in our ability to deliver a differentiated user experience while also driving operational efficiencies is our portfolio of proprietary technology platforms, including JobStack, Affinix, and Stafftrack. a key factor in our ability to deliver a differentiated user experience while also driving operational efficiencies is our portfolio of proprietary technology platforms including jobstack affinix and stafftrack We've made significant progress enhancing the capabilities of our digital ecosystem with advancements that include AI-powered job matching, predictive analytics, and behavioral insights across the talent lifecycle. we've made significant progress enhancing the capabilities of our digital ecosystem with advancements that include ai-powered job matching predictive analytics and behavioral insights across the talent lifecycle Our technology allows us to deliver smarter workforce solutions, creating greater value for the customers and talent we serve while expanding our reach and supporting efficiency at scale. our technology allows us to deliver smarter workforce solutions creating greater value for the customers and talent we serve while expanding our reach and supporting efficiency at scale Carl will review our operational strength and capital strategy. Carl will review our operational strength and capital strategy. carl will review our operational strength and capital strategy

Speaker 1: Taryn, we've simplified our organizational structure to reduce complexity, eliminate silos, and reduce our overall cost to serve. We've also consolidated several functions into shared services to reduce SGA and redeploy our resources towards high-value, revenue-generating growth initiatives. Our focus is on leveraging our automation and our proprietary technology to continue streamlining workflows, driving efficiencies, and enhancing operating leverage. We have a strong balance sheet and ample liquidity, which provides us with flexibility to weather economic headwinds and make key strategic investments to support future growth opportunities. In terms of capital allocation strategy, share repurchases remain important, but they're balanced with protecting our liquidity position and making strategic investments to advance our business model. Taryn, we've simplified our organizational structure to reduce complexity, eliminate silos, and reduce our overall cost to serve. taryn we've simplified our organizational structure to reduce complexity eliminate silos and reduce our overall cost to serve We've also consolidated several functions into shared services to reduce SGA and redeploy our resources towards high-value, revenue-generating growth initiatives. we've also consolidated several functions into shared services to reduce sga and redeploy our resources towards high-value revenue-generating growth initiatives Our focus is on leveraging our automation and our proprietary technology to continue streamlining workflows, driving efficiencies, and enhancing operating leverage. our focus is on leveraging our automation and our proprietary technology to continue streamlining workflows driving efficiencies and enhancing operating leverage We have a strong balance sheet and ample liquidity, which provides us with flexibility to weather economic headwinds and make key strategic investments to support future growth opportunities. we have a strong balance sheet and ample liquidity which provides us with flexibility to weather economic headwinds and make key strategic investments to support future growth opportunities In terms of capital allocation strategy, share repurchases remain important, but they're balanced with protecting our liquidity position and making strategic investments to advance our business model. in terms of capital allocation strategy share repurchases remain important but they're balanced with protecting our liquidity position and making strategic investments to advance our business model Investing in the business is a top priority, with the focus on high ROI investments in sales and automation, as well as through product differentiation and efficiency-enabling tech investments. Investing in the business is a top priority, with the focus on high ROI investments in sales and automation, as well as through product differentiation and efficiency-enabling tech investments. investing in the business is a top priority with the focus on high roi investments in sales and automation as well as through product differentiation and efficiency-enabling tech investments I'll pass it back to Taryn for the last remaining highlights. I'll pass it back to Taryn for the last remaining highlights. i'll pass it back to taryn for the last remaining highlights

Speaker 3: Thanks, Carl. I'd like to take a moment to highlight our leadership team, which is the driving force behind everything we've discussed today. The team you see here has a deep history of staffing experience to guide the company through current market conditions and long-term growth opportunities. I'm proud to serve alongside this team as we work to lead TrueBlue forward. To close, I want to reiterate the tremendous strengths and assets we have at TrueBlue as we continue to advance our long-term growth strategy. We are a market leader with strong industry growth prospects and compelling strategies that we are focused on advancing. We are committed to managing a strong liquidity position and have a history of consistently returning capital to our shareholders. We have a talented and dedicated team with deep expertise and a commitment to our mission to connect people and work. Thanks, Carl. thanks carl I'd like to take a moment to highlight our leadership team, which is the driving force behind everything we've discussed today. i'd like to take a moment to highlight our leadership team which is the driving force behind everything we've discussed today The team you see here has a deep history of staffing experience to guide the company through current market conditions and long-term growth opportunities. the team you see here has a deep history of staffing experience to guide the company through current market conditions and long-term growth opportunities I'm proud to serve alongside this team as we work to lead TrueBlue forward. i'm proud to serve alongside this team as we work to lead trueblue forward To close, I want to reiterate the tremendous strengths and assets we have at TrueBlue as we continue to advance our long-term growth strategy. to close i want to reiterate the tremendous strengths and assets we have at trueblue as we continue to advance our long-term growth strategy We are a market leader with strong industry growth prospects and compelling strategies that we are focused on advancing. we are a market leader with strong industry growth prospects and compelling strategies that we are focused on advancing We are committed to managing a strong liquidity position and have a history of consistently returning capital to our shareholders. we are committed to managing a strong liquidity position and have a history of consistently returning capital to our shareholders We have a talented and dedicated team with deep expertise and a commitment to our mission to connect people and work. we have a talented and dedicated team with deep expertise and a commitment to our mission to connect people and work Thank you for your interest in TrueBlue. We are now ready for questions. Thank you for your interest in TrueBlue. thank you for your interest in trueblue We are now ready for questions. we are now ready for questions

Speaker 2: Thank you very much. I wanted to start with the following: 1Q results. You did have commentary regarding 2Q and your expectations, which included year-over-year revenue growth in a range of 2%-8%, as well as sequential gross margin expansion of 130-170 basis points. For those who may not be familiar, maybe you can share some of the drivers behind those expectations for the 2Q commentary. Thank you very much. thank you very much I wanted to start with the following: 1Q results. i wanted to start with the following 1q results You did have commentary regarding 2Q and your expectations, which included year-over-year revenue growth in a range of 2%-8%, as well as sequential gross margin expansion of 130-170 basis points. you did have commentary regarding 2q and your expectations which included year-over-year revenue growth in a range of 2%-8% as well as sequential gross margin expansion of 130-170 basis points For those who may not be familiar, maybe you can share some of the drivers behind those expectations for the 2Q commentary. for those who may not be familiar maybe you can share some of the drivers behind those expectations for the 2q commentary

Speaker 1: Thanks, Marc. Look, we're seeing strong momentum across our attractive markets. We expect growth across all of our skilled businesses as we continue to capture rising demand in that space. We also expect sequential gross margin expansion as we move through the year. Really, our business mix shifts towards our PeopleReady on-demand business, which begins to ramp in the spring with outside work and gets to higher volumes in Q3 and Q4. It's also important just to keep in mind that we typically see our highest volumes in the second half of the year due to the seasonality of our business. While we expect to see improved operating leverage in the second quarter, which we guided to, our lean cost structure will lead to further margin expansion, and improvement as we move through 2026. Thanks, Marc. thanks marc Look, we're seeing strong momentum across our attractive markets. look we're seeing strong momentum across our attractive markets We expect growth across all of our skilled businesses as we continue to capture rising demand in that space. we expect growth across all of our skilled businesses as we continue to capture rising demand in that space We also expect sequential gross margin expansion as we move through the year. we also expect sequential gross margin expansion as we move through the year Really, our business mix shifts towards our PeopleReady on-demand business, which begins to ramp in the spring with outside work and gets to higher volumes in Q3 and Q4. really our business mix shifts towards our peopleready on-demand business which begins to ramp in the spring with outside work and gets to higher volumes in q3 and q4 It's also important just to keep in mind that we typically see our highest volumes in the second half of the year due to the seasonality of our business. it's also important just to keep in mind that we typically see our highest volumes in the second half of the year due to the seasonality of our business While we expect to see improved operating leverage in the second quarter, which we guided to, our lean cost structure will lead to further margin expansion, and improvement as we move through 2026. while we expect to see improved operating leverage in the second quarter which we guided to our lean cost structure will lead to further margin expansion and improvement as we move through 2026

Speaker 2: Okay, great. Wonder if you could share some thoughts on particular areas where you see the opportunity for improved market share. I know it's sort of a challenging economy out there, but maybe you could talk a little bit about some of the market share gain opportunities that you have in front of you. Okay, great. okay great Wonder if you could share some thoughts on particular areas where you see the opportunity for improved market share. wonder if you could share some thoughts on particular areas where you see the opportunity for improved market share I know it's sort of a challenging economy out there, but maybe you could talk a little bit about some of the market share gain opportunities that you have in front of you. i know it's sort of a challenging economy out there but maybe you could talk a little bit about some of the market share gain opportunities that you have in front of you

Speaker 3: Sure. Thanks for the question. We're focusing on our expansion efforts on those attractive high-growth markets across our business. Thinking about energy, healthcare, government, are particular areas of focus for us. We already have a strong track record of success in energy, and there are an increasing number of secular growth drivers in this space, positioning us to capture further upside as we continue to expand into adjacent sub-sectors, including those supporting data centers and energy storage facilities. Healthcare also remains a significant long-term market opportunity for us, with strong secular growth drivers as we continue to strengthen our market position with new business wins and geographic expansion of our healthcare staffing business. Sure. sure Thanks for the question. thanks for the question We're focusing on our expansion efforts on those attractive high-growth markets across our business. we're focusing on our expansion efforts on those attractive high-growth markets across our business Thinking about energy, healthcare, government, are particular areas of focus for us. thinking about energy healthcare government are particular areas of focus for us We already have a strong track record of success in energy, and there are an increasing number of secular growth drivers in this space, positioning us to capture further upside as we continue to expand into adjacent sub-sectors, including those supporting data centers and energy storage facilities. we already have a strong track record of success in energy and there are an increasing number of secular growth drivers in this space positioning us to capture further upside as we continue to expand into adjacent sub-sectors including those supporting data centers and energy storage facilities Healthcare also remains a significant long-term market opportunity for us, with strong secular growth drivers as we continue to strengthen our market position with new business wins and geographic expansion of our healthcare staffing business. healthcare also remains a significant long-term market opportunity for us with strong secular growth drivers as we continue to strengthen our market position with new business wins and geographic expansion of our healthcare staffing business Finally, we're expanding our presence in the government vertical, most notably with our RPO and talent advisory solutions, securing new business in this growing market with those long-term secular tailwinds. We talked about the large new win that we had with the U.K. Armed Forces in our PeopleScout business that we're excited to serve. Finally, we're expanding our presence in the government vertical, most notably with our RPO and talent advisory solutions, securing new business in this growing market with those long-term secular tailwinds. finally we're expanding our presence in the government vertical most notably with our rpo and talent advisory solutions securing new business in this growing market with those long-term secular tailwinds We talked about the large new win that we had with the U.K. we talked about the large new win that we had with the u.k Armed Forces in our PeopleScout business that we're excited to serve. armed forces in our peoplescout business that we're excited to serve

Speaker 2: Great. For those who may not be familiar, you had announced a strategic partnership with a leading group purchasing organization, that partnership had led to approximately $11 million in annualized new business when you reported 1Q results, I believe. Maybe you could just give a little bit of background for those who may not be familiar, as well as an update on the benefits of the partnership and the pipeline there? Great. great For those who may not be familiar, you had announced a strategic partnership with a leading group purchasing organization, that partnership had led to approximately $11 million in annualized new business when you reported 1Q results, I believe. for those who may not be familiar you had announced a strategic partnership with a leading group purchasing organization that partnership had led to approximately $11 million in annualized new business when you reported 1q results i believe Maybe you could just give a little bit of background for those who may not be familiar, as well as an update on the benefits of the partnership and the pipeline there? maybe you could just give a little bit of background for those who may not be familiar as well as an update on the benefits of the partnership and the pipeline there

Speaker 3: Yes, thank you for that. We're really just at the tip of the iceberg relative to this partnership and are very encouraged by the progress that we are seeing. It's really driving new business opportunities and expanding our sales reach nationwide. As you mentioned, we secured $11 million of annualized new business wins in the first quarter through this partnership, and we're continuing to build momentum as we expand this relationship into new sectors. Just a couple of recent wins that we've had include two nationwide retail stores, and we'll have work beginning with those customers here coming up in future quarters. Headline news is we've got a strong pipeline here with many opportunities ahead with this group purchasing organization partnership. Yes, thank you for that. yes thank you for that We're really just at the tip of the iceberg relative to this partnership and are very encouraged by the progress that we are seeing. we're really just at the tip of the iceberg relative to this partnership and are very encouraged by the progress that we are seeing It's really driving new business opportunities and expanding our sales reach nationwide. it's really driving new business opportunities and expanding our sales reach nationwide As you mentioned, we secured $11 million of annualized new business wins in the first quarter through this partnership, and we're continuing to build momentum as we expand this relationship into new sectors. as you mentioned we secured $11 million of annualized new business wins in the first quarter through this partnership and we're continuing to build momentum as we expand this relationship into new sectors Just a couple of recent wins that we've had include two nationwide retail stores, and we'll have work beginning with those customers here coming up in future quarters. just a couple of recent wins that we've had include two nationwide retail stores and we'll have work beginning with those customers here coming up in future quarters Headline news is we've got a strong pipeline here with many opportunities ahead with this group purchasing organization partnership. headline news is we've got a strong pipeline here with many opportunities ahead with this group purchasing organization partnership

Speaker 2: Great. Wonder if you talk a little bit about how you see the evolution of your go-to-market strategy and how we might see that in each of the three segments? Great. great Wonder if you talk a little bit about how you see the evolution of your go-to-market strategy and how we might see that in each of the three segments? wonder if you talk a little bit about how you see the evolution of your go-to-market strategy and how we might see that in each of the three segments

Speaker 3: Yeah, great question. I think it's important to note that we're meeting our customers and employers and talent where they are. With our really omnichannel workforce delivery, we're able to leverage our expansive market presence and our proprietary technologies to really deliver a full spectrum customized solution to our customers. Whether it's global hiring or national account delivery to local talent matching, to high-touch on-site services, we're able to provide the scale, but importantly, the customization required to fit each of our customers' and prospects' unique needs as it relates to their workforce challenges. I talked earlier about our sales model and the work that we've done there to accelerate growth and capture incremental demand by expanding that sales capacity. Yeah, great question. yeah great question I think it's important to note that we're meeting our customers and employers and talent where they are. i think it's important to note that we're meeting our customers and employers and talent where they are With our really omnichannel workforce delivery, we're able to leverage our expansive market presence and our proprietary technologies to really deliver a full spectrum customized solution to our customers. with our really omnichannel workforce delivery we're able to leverage our expansive market presence and our proprietary technologies to really deliver a full spectrum customized solution to our customers Whether it's global hiring or national account delivery to local talent matching, to high-touch on-site services, we're able to provide the scale, but importantly, the customization required to fit each of our customers' and prospects' unique needs as it relates to their workforce challenges. whether it's global hiring or national account delivery to local talent matching to high-touch on-site services we're able to provide the scale but importantly the customization required to fit each of our customers' and prospects' unique needs as it relates to their workforce challenges I talked earlier about our sales model and the work that we've done there to accelerate growth and capture incremental demand by expanding that sales capacity. i talked earlier about our sales model and the work that we've done there to accelerate growth and capture incremental demand by expanding that sales capacity Again, just making sure that we're customizing our solutions for our customers. We have a broad base of brands and solutions that we can bring to the table to solve the number of workforce challenges that are out in the market. Again, just making sure that we're customizing our solutions for our customers. again just making sure that we're customizing our solutions for our customers We have a broad base of brands and solutions that we can bring to the table to solve the number of workforce challenges that are out in the market. we have a broad base of brands and solutions that we can bring to the table to solve the number of workforce challenges that are out in the market

Speaker 2: Okay, excellent. Certainly would need to address the giant elephant that's in every room. Maybe you could talk a little bit, maybe spend a couple of minutes on your views on artificial intelligence. AI is both a driver for demand, but also an internal efficiency benefit. Okay, excellent. okay excellent Certainly would need to address the giant elephant that's in every room. certainly would need to address the giant elephant that's in every room Maybe you could talk a little bit, maybe spend a couple of minutes on your views on artificial intelligence. maybe you could talk a little bit maybe spend a couple of minutes on your views on artificial intelligence AI is both a driver for demand, but also an internal efficiency benefit. ai is both a driver for demand but also an internal efficiency benefit

Speaker 3: Yes, great question. AI is differentiating TrueBlue's service in ways that improve scalability, productivity, and satisfaction. Ultimately, with an aim to increase the value that we're providing to both our customers and to the associates that we put to work. We do have AI embedded across our proprietary technologies. Again, that's JobStack, Affinix, and Stafftrack, which is really helping us to enhance every stage of the process and staffing life cycle. From an internal perspective, we have AI-driven efficiencies that are really helping us to reduce those administrative bottlenecks, really improve our fulfillment rates for the jobs that we're filling on behalf of our customers, which frees up our team's time, allowing them to focus more on strategic workforce management rather than those routine tasks, which ultimately not only helps us expand our reach, but lower our cost of delivery as revenue per headcount increases. Yes, great question. yes great question AI is differentiating TrueBlue's service in ways that improve scalability, productivity, and satisfaction. ai is differentiating trueblue's service in ways that improve scalability productivity and satisfaction Ultimately, with an aim to increase the value that we're providing to both our customers and to the associates that we put to work. ultimately with an aim to increase the value that we're providing to both our customers and to the associates that we put to work We do have AI embedded across our proprietary technologies. we do have ai embedded across our proprietary technologies Again, that's JobStack, Affinix, and Stafftrack, which is really helping us to enhance every stage of the process and staffing life cycle. again that's jobstack affinix and stafftrack which is really helping us to enhance every stage of the process and staffing life cycle From an internal perspective, we have AI-driven efficiencies that are really helping us to reduce those administrative bottlenecks, really improve our fulfillment rates for the jobs that we're filling on behalf of our customers, which frees up our team's time, allowing them to focus more on strategic workforce management rather than those routine tasks, which ultimately not only helps us expand our reach, but lower our cost of delivery as revenue per headcount increases. from an internal perspective we have ai-driven efficiencies that are really helping us to reduce those administrative bottlenecks really improve our fulfillment rates for the jobs that we're filling on behalf of our customers which frees up our team's time allowing them to focus more on strategic workforce management rather than those routine tasks which ultimately not only helps us expand our reach but lower our cost of delivery as revenue per headcount increases I would just say overall, we see both top-line growth and margin expansion opportunity as a result of AI. I would just say overall, we see both top-line growth and margin expansion opportunity as a result of AI. i would just say overall we see both top-line growth and margin expansion opportunity as a result of ai

Speaker 2: Okay, excellent. Then one of the things that you touched on this a little bit, maybe we can delve a bit deeper into it. You have a diverse customer base when it comes to the industry verticals. You made mention in your prepared remarks around the energy business and some of the strength that you've seen there. Maybe you could share some of the things that you're seeing with some of the other key industry verticals, as well as any which that stand out that maybe investors may not be as familiar with. Okay, excellent. okay excellent Then one of the things that you touched on this a little bit, maybe we can delve a bit deeper into it. then one of the things that you touched on this a little bit maybe we can delve a bit deeper into it You have a diverse customer base when it comes to the industry verticals. you have a diverse customer base when it comes to the industry verticals You made mention in your prepared remarks around the energy business and some of the strength that you've seen there. you made mention in your prepared remarks around the energy business and some of the strength that you've seen there Maybe you could share some of the things that you're seeing with some of the other key industry verticals, as well as any which that stand out that maybe investors may not be as familiar with. maybe you could share some of the things that you're seeing with some of the other key industry verticals as well as any which that stand out that maybe investors may not be as familiar with

Speaker 1: Yeah. Thanks, Marc. I'll take that one. I know there was a question maybe that popped up into the Q&A, I'll try to address that one as well, and maybe hit energy first. Yeah, our revenue and energy sector, it's more than doubled for the third consecutive quarter. Really, we have strong client relationships, deep expertise in this space, over a decade of experience, and we continue to capture demand. From a what's next, we have a really solid pipeline within our renewable business. We work with some of the larger EPCs in the space. We continue to add logos, with several projects expected to ramp up here in Q2. I'd also say that there's just a couple of increasing secular growth drivers in that energy space as well, which position us well to capture further upside as we expand into call it adjacent sub-sectors. Yeah. yeah Thanks, Marc. thanks marc I'll take that one. i'll take that one I know there was a question maybe that popped up into the Q&A, I'll try to address that one as well, and maybe hit energy first. i know there was a question maybe that popped up into the q&a i'll try to address that one as well and maybe hit energy first Yeah, our revenue and energy sector, it's more than doubled for the third consecutive quarter. yeah our revenue and energy sector it's more than doubled for the third consecutive quarter Really, we have strong client relationships, deep expertise in this space, over a decade of experience, and we continue to capture demand. really we have strong client relationships deep expertise in this space over a decade of experience and we continue to capture demand From a what's next, we have a really solid pipeline within our renewable business. from a what's next we have a really solid pipeline within our renewable business We work with some of the larger EPCs in the space. we work with some of the larger epcs in the space We continue to add logos, with several projects expected to ramp up here in Q2. we continue to add logos with several projects expected to ramp up here in q2 I'd also say that there's just a couple of increasing secular growth drivers in that energy space as well, which position us well to capture further upside as we expand into call it adjacent sub-sectors. i'd also say that there's just a couple of increasing secular growth drivers in that energy space as well which position us well to capture further upside as we expand into call it adjacent sub-sectors Think of energy, battery storage and other areas that we're seeing more success in. Also on the energy side, within data centers. There's some bring your own power requirements to some of the data center projects now. About a third of our energy projects are now attached to those data centers. Feel like we've got some good move there. Then outside of energy growth, as we've kind of already discussed, our commercial driver business continues to outperform the broader market. It's in its ninth consecutive quarter of growth for us at TrueBlue. Really, again, due to strong client relationships, deep expertise in the space. What we've really seen is a lot of taking share in our managed offering within that business. Think of energy, battery storage and other areas that we're seeing more success in. think of energy battery storage and other areas that we're seeing more success in Also on the energy side, within data centers. also on the energy side within data centers There's some bring your own power requirements to some of the data center projects now. there's some bring your own power requirements to some of the data center projects now About a third of our energy projects are now attached to those data centers. about a third of our energy projects are now attached to those data centers Feel like we've got some good move there. feel like we've got some good move there Then outside of energy growth, as we've kind of already discussed, our commercial driver business continues to outperform the broader market. then outside of energy growth as we've kind of already discussed our commercial driver business continues to outperform the broader market It's in its ninth consecutive quarter of growth for us at TrueBlue. it's in its ninth consecutive quarter of growth for us at trueblue Really, again, due to strong client relationships, deep expertise in the space. really again due to strong client relationships deep expertise in the space What we've really seen is a lot of taking share in our managed offering within that business. what we've really seen is a lot of taking share in our managed offering within that business We feel like with the transportation market starting to pick up a little bit, we have some room for more growth in that business as well. Then I'd say what we're looking at is really where there's structural labor shortages. Those are leading to rising demand and skilled roles, which we have across our portfolio. Those end markets with energy, commercial truck drivers, just being two of those examples. Then the last piece I'd just add is during the first quarter, we also saw improved trends in professional services and hospitality verticals. Beyond the secular growth opportunities we're targeting in those areas, such as healthcare, we're also focused on capturing that demand with events and venues as large sporting events create additional opportunity for us. We feel like with the transportation market starting to pick up a little bit, we have some room for more growth in that business as well. we feel like with the transportation market starting to pick up a little bit we have some room for more growth in that business as well Then I'd say what we're looking at is really where there's structural labor shortages. then i'd say what we're looking at is really where there's structural labor shortages Those are leading to rising demand and skilled roles, which we have across our portfolio. those are leading to rising demand and skilled roles which we have across our portfolio Those end markets with energy, commercial truck drivers, just being two of those examples. those end markets with energy commercial truck drivers just being two of those examples Then the last piece I'd just add is during the first quarter, we also saw improved trends in professional services and hospitality verticals. then the last piece i'd just add is during the first quarter we also saw improved trends in professional services and hospitality verticals Beyond the secular growth opportunities we're targeting in those areas, such as healthcare, we're also focused on capturing that demand with events and venues as large sporting events create additional opportunity for us. beyond the secular growth opportunities we're targeting in those areas such as healthcare we're also focused on capturing that demand with events and venues as large sporting events create additional opportunity for us

Speaker 2: Great, actually, that's a great segue into next question around the vertical. The HSP acquisition, for those who may not be familiar with Healthcare Staffing Professionals, that acquisition closed a little over a year ago in February of 2025. With the time that you've now had them under your umbrella, maybe you could share some thoughts on both the acquisition, the purchase, the integration there, as well as the healthcare vertical in general. Great, actually, that's a great segue into next question around the vertical. great actually that's a great segue into next question around the vertical The HSP acquisition, for those who may not be familiar with Healthcare Staffing Professionals, that acquisition closed a little over a year ago in February of 2025. the hsp acquisition for those who may not be familiar with healthcare staffing professionals that acquisition closed a little over a year ago in february of 2025 With the time that you've now had them under your umbrella, maybe you could share some thoughts on both the acquisition, the purchase, the integration there, as well as the healthcare vertical in general. with the time that you've now had them under your umbrella maybe you could share some thoughts on both the acquisition the purchase the integration there as well as the healthcare vertical in general

Speaker 3: Yeah, thanks for the question. Healthcare remains a significant long-term opportunity for us with those strong secular growth drivers. We've made significant progress expanding into the healthcare end market, with wins spanning across our range portfolio, as well as the addition of HSP. HSP adds deep healthcare expertise, which does strengthen our ability to serve specialized segments and pursue those new higher growth opportunities in an end market with significant untapped potential. Since joining TrueBlue, HSP has expanded its geographic presence by over 50%. We are committed to really thoughtfully scaling this business to capture sustained demand. Really, really pleased with the progress so far. Yeah, thanks for the question. yeah thanks for the question Healthcare remains a significant long-term opportunity for us with those strong secular growth drivers. healthcare remains a significant long-term opportunity for us with those strong secular growth drivers We've made significant progress expanding into the healthcare end market, with wins spanning across our range portfolio, as well as the addition of HSP. we've made significant progress expanding into the healthcare end market with wins spanning across our range portfolio as well as the addition of hsp HSP adds deep healthcare expertise, which does strengthen our ability to serve specialized segments and pursue those new higher growth opportunities in an end market with significant untapped potential. hsp adds deep healthcare expertise which does strengthen our ability to serve specialized segments and pursue those new higher growth opportunities in an end market with significant untapped potential Since joining TrueBlue, HSP has expanded its geographic presence by over 50%. since joining trueblue hsp has expanded its geographic presence by over 50% We are committed to really thoughtfully scaling this business to capture sustained demand. we are committed to really thoughtfully scaling this business to capture sustained demand Really, really pleased with the progress so far. really really pleased with the progress so far

Speaker 2: Okay. In your prepared remarks, you made commentary around the plans on strengthening the sales team in select markets and geographies. Maybe you could discuss some of the key drivers, some of the things that you're looking for in those market selections and the potential timeframe we might have in those plans. Okay. okay In your prepared remarks, you made commentary around the plans on strengthening the sales team in select markets and geographies. in your prepared remarks you made commentary around the plans on strengthening the sales team in select markets and geographies Maybe you could discuss some of the key drivers, some of the things that you're looking for in those market selections and the potential timeframe we might have in those plans. maybe you could discuss some of the key drivers some of the things that you're looking for in those market selections and the potential timeframe we might have in those plans

Speaker 3: Yeah, I'll start and ask Carl to weigh in as well. As you mentioned, we aligned our PeopleReady on-demand organization into sales territories that include one or more branches under single leadership to grow our customer base. Our strategy is to enhance our sales abilities in those territories, we've made a lot of good progress as it relates to increasing that sales capacity. The sales reps are strategically placed to attack the largest market opportunities across the country, implementing targeted, localized sales and deeper client engagement. We're continuing to see strong performance across our territories and sales organization with metrics that highlight improved growth and profitability. Yeah, I'll start and ask Carl to weigh in as well. yeah i'll start and ask carl to weigh in as well As you mentioned, we aligned our PeopleReady on-demand organization into sales territories that include one or more branches under single leadership to grow our customer base. as you mentioned we aligned our peopleready on-demand organization into sales territories that include one or more branches under single leadership to grow our customer base Our strategy is to enhance our sales abilities in those territories, we've made a lot of good progress as it relates to increasing that sales capacity. our strategy is to enhance our sales abilities in those territories we've made a lot of good progress as it relates to increasing that sales capacity The sales reps are strategically placed to attack the largest market opportunities across the country, implementing targeted, localized sales and deeper client engagement. the sales reps are strategically placed to attack the largest market opportunities across the country implementing targeted localized sales and deeper client engagement We're continuing to see strong performance across our territories and sales organization with metrics that highlight improved growth and profitability. we're continuing to see strong performance across our territories and sales organization with metrics that highlight improved growth and profitability In our on-demand business, we saw stronger performance in our local business in Q1, which is driven by the continued sales investments that we've made. We have a lot of room to add to that, we're taking a measured approach. It's an ongoing process of continued optimization. In our on-demand business, we saw stronger performance in our local business in Q1, which is driven by the continued sales investments that we've made. in our on-demand business we saw stronger performance in our local business in q1 which is driven by the continued sales investments that we've made We have a lot of room to add to that, we're taking a measured approach. we have a lot of room to add to that we're taking a measured approach It's an ongoing process of continued optimization. it's an ongoing process of continued optimization

Speaker 1: To add on to this, we talked about this Q1 as well. [crosstalk] Oh, sorry. To add on to this, we talked about this Q1 as well. [crosstalk] Oh, sorry. to add on to this we talked about this q1 as well. [crosstalk] oh sorry

Speaker 2: No, go ahead. No, go ahead. no go ahead

Speaker 1: I was just going to say, we've also kind of the East region return to growth in Q1 and continue to see more and more territories returning to growth as that strategy continues to take hold. Encouraging signs there as well. I was just going to say, we've also kind of the East region return to growth in Q1 and continue to see more and more territories returning to growth as that strategy continues to take hold. i was just going to say we've also kind of the east region return to growth in q1 and continue to see more and more territories returning to growth as that strategy continues to take hold Encouraging signs there as well. encouraging signs there as well

Speaker 2: Okay, great. I was wondering if you'd talk a little bit about what you've seen with the RPO pipeline and the sales cycle more recently there. Okay, great. okay great I was wondering if you'd talk a little bit about what you've seen with the RPO pipeline and the sales cycle more recently there. i was wondering if you'd talk a little bit about what you've seen with the rpo pipeline and the sales cycle more recently there

Speaker 3: Yes. Clients are continuing to navigate evolving market conditions. With that, we're very encouraged to see signs of stabilization with growing momentum in new RPO business wins and expansions. We're adding new clients to our portfolio and expanding existing client relationships. As our customers' hiring volumes return to more normalized levels within each of their unique businesses, the scale of these engagements position us very well to accelerate growth. As you may recall, Marc, we had our PeopleScout team recently won a nine-year RPO deal with a law enforcement agency in the U.K. This win, along with our previous win in the U.K. with the Armed Forces, has opened more opportunities for us in the government sector, where PeopleScout is actively building on additional projects. We're really pleased with that development. Yes. yes Clients are continuing to navigate evolving market conditions. clients are continuing to navigate evolving market conditions With that, we're very encouraged to see signs of stabilization with growing momentum in new RPO business wins and expansions. with that we're very encouraged to see signs of stabilization with growing momentum in new rpo business wins and expansions We're adding new clients to our portfolio and expanding existing client relationships. we're adding new clients to our portfolio and expanding existing client relationships As our customers' hiring volumes return to more normalized levels within each of their unique businesses, the scale of these engagements position us very well to accelerate growth. as our customers' hiring volumes return to more normalized levels within each of their unique businesses the scale of these engagements position us very well to accelerate growth As you may recall, Marc, we had our PeopleScout team recently won a nine-year RPO deal with a law enforcement agency in the U.K. as you may recall marc we had our peoplescout team recently won a nine-year rpo deal with a law enforcement agency in the u.k This win, along with our previous win in the U.K. with the Armed Forces, has opened more opportunities for us in the government sector, where PeopleScout is actively building on additional projects. this win along with our previous win in the u.k with the armed forces has opened more opportunities for us in the government sector where peoplescout is actively building on additional projects We're really pleased with that development. we're really pleased with that development

Speaker 2: Okay, great. You made mention of this a bit on the prepared remarks, but for those who may not be familiar with JobStack, maybe you could share just some of the benefits of the platform and how it differentiates you from your competitors. Okay, great. okay great You made mention of this a bit on the prepared remarks, but for those who may not be familiar with JobStack, maybe you could share just some of the benefits of the platform and how it differentiates you from your competitors. you made mention of this a bit on the prepared remarks but for those who may not be familiar with jobstack maybe you could share just some of the benefits of the platform and how it differentiates you from your competitors

Speaker 3: Sure. Our JobStack system is proprietary. It positions us to drive really efficiencies in the business, efficiencies with our customers and for our associates, and expand our reach. We have this system, we can control our roadmap and very quickly address evolving user needs with feedback coming from our customers, our associates, and our local teams. JobStack overall delivers an enhanced customer experience. It helps to improve our sales effectiveness. Again increases those operational efficiencies, freeing up our team to focus on higher value work. As it relates to the associate and client experience, we're really able to utilize this tool to drive higher engagement. There's a couple of features that I'll call out. We do have functionality that really streamlines the matching process, which ultimately reduces our time to placement and enhances flexibility for our customers and our associates. Sure. sure Our JobStack system is proprietary. our jobstack system is proprietary It positions us to drive really efficiencies in the business, efficiencies with our customers and for our associates, and expand our reach. it positions us to drive really efficiencies in the business efficiencies with our customers and for our associates and expand our reach We have this system, we can control our roadmap and very quickly address evolving user needs with feedback coming from our customers, our associates, and our local teams. we have this system we can control our roadmap and very quickly address evolving user needs with feedback coming from our customers our associates and our local teams JobStack overall delivers an enhanced customer experience. jobstack overall delivers an enhanced customer experience It helps to improve our sales effectiveness. it helps to improve our sales effectiveness Again increases those operational efficiencies, freeing up our team to focus on higher value work. again increases those operational efficiencies freeing up our team to focus on higher value work As it relates to the associate and client experience, we're really able to utilize this tool to drive higher engagement. as it relates to the associate and client experience we're really able to utilize this tool to drive higher engagement There's a couple of features that I'll call out. there's a couple of features that i'll call out We do have functionality that really streamlines the matching process, which ultimately reduces our time to placement and enhances flexibility for our customers and our associates. we do have functionality that really streamlines the matching process which ultimately reduces our time to placement and enhances flexibility for our customers and our associates We also have an AI-enabled bill rate function that provides fast data-informed guidance to our staff, which support them in making more appropriate bill rate quotes, and helps our customers with their own staffing decisions. I would just say, overall, our platform modernizes the staffing experience with that AI matching tool and pricing to deliver a faster, more transparent workforce solution, that again, is complemented by our national footprint and our local teams that are out serving those customers. We also have an AI-enabled bill rate function that provides fast data-informed guidance to our staff, which support them in making more appropriate bill rate quotes, and helps our customers with their own staffing decisions. we also have an ai-enabled bill rate function that provides fast data-informed guidance to our staff which support them in making more appropriate bill rate quotes and helps our customers with their own staffing decisions I would just say, overall, our platform modernizes the staffing experience with that AI matching tool and pricing to deliver a faster, more transparent workforce solution, that again, is complemented by our national footprint and our local teams that are out serving those customers. i would just say overall our platform modernizes the staffing experience with that ai matching tool and pricing to deliver a faster more transparent workforce solution that again is complemented by our national footprint and our local teams that are out serving those customers

Speaker 2: Okay. Excellent. I wanted to shift over to the balance sheet, which is strong, which is a good thing to have. Maybe you could talk a little bit about current thoughts on capital allocation prioritization at this point. Okay. okay Excellent. I wanted to shift over to the balance sheet, which is strong, which is a good thing to have. excellent. i wanted to shift over to the balance sheet which is strong which is a good thing to have Maybe you could talk a little bit about current thoughts on capital allocation prioritization at this point. maybe you could talk a little bit about current thoughts on capital allocation prioritization at this point

Speaker 1: Yeah, thanks, Marc. Look, we're focused on balancing ample liquidity, continuing to make strategic investments where it provides growth opportunity for us. As we have historically returning excess capital to shareholders via share repurchases. Currently with excess cash and as free cash flow improves, we're looking to pay down debt first. We continue to manage our fixed cost base down. Our capital spend is now under 1% of revenue. With the business returning to organic growth, we expect to pay down our debt throughout the year. I'd say share repurchases, they remain important, but balance first with maintaining a strong balance sheet. We've got about $34 million remaining under that share repurchase authorization. Yeah, thanks, Marc. yeah thanks marc Look, we're focused on balancing ample liquidity, continuing to make strategic investments where it provides growth opportunity for us. look we're focused on balancing ample liquidity continuing to make strategic investments where it provides growth opportunity for us As we have historically returning excess capital to shareholders via share repurchases. as we have historically returning excess capital to shareholders via share repurchases Currently with excess cash and as free cash flow improves, we're looking to pay down debt first. currently with excess cash and as free cash flow improves we're looking to pay down debt first We continue to manage our fixed cost base down. we continue to manage our fixed cost base down Our capital spend is now under 1% of revenue. our capital spend is now under 1% of revenue With the business returning to organic growth, we expect to pay down our debt throughout the year. with the business returning to organic growth we expect to pay down our debt throughout the year I'd say share repurchases, they remain important, but balance first with maintaining a strong balance sheet. i'd say share repurchases they remain important but balance first with maintaining a strong balance sheet We've got about $34 million remaining under that share repurchase authorization. we've got about $34 million remaining under that share repurchase authorization

Speaker 2: Okay. Excellent. We're toward the end, as time flies, always. We're toward the end of our time together today. Maybe you could just share some closing remarks about TrueBlue for our investors today. Okay. okay Excellent. excellent We're toward the end, as time flies, always. we're toward the end as time flies always We're toward the end of our time together today. we're toward the end of our time together today Maybe you could just share some closing remarks about TrueBlue for our investors today. maybe you could just share some closing remarks about trueblue for our investors today

Speaker 3: Yeah. Thank you. We are encouraged by the momentum that we are seeing in our business and our strategic priorities taking hold. We've reported three consecutive quarters of growth and guided to a fourth here in Q2. We're anxious and excited to capture that momentum. Yeah. yeah Thank you. thank you We are encouraged by the momentum that we are seeing in our business and our strategic priorities taking hold. we are encouraged by the momentum that we are seeing in our business and our strategic priorities taking hold We've reported three consecutive quarters of growth and guided to a fourth here in Q2. we've reported three consecutive quarters of growth and guided to a fourth here in q2 We're anxious and excited to capture that momentum. we're anxious and excited to capture that momentum

Speaker 2: Excellent. Well, I want to thank you for joining us today and presenting as well as all of our participants for joining us today with TrueBlue. Everybody have a wonderful and productive remainder of the day. Thank you so much. Excellent. excellent Well, I want to thank you for joining us today and presenting as well as all of our participants for joining us today with TrueBlue. well i want to thank you for joining us today and presenting as well as all of our participants for joining us today with trueblue Everybody have a wonderful and productive remainder of the day. everybody have a wonderful and productive remainder of the day Thank you so much. thank you so much

Speaker 3: Thank you. Thank you. thank you

Speaker 1: Thanks, Marc. Thanks, Marc. thanks marc