About LABOR READY, INC.

Another day, another blue-collar dollar. Staffing firm TrueBlue specializes in providing general laborers on short notice for short-term jobs in fields such as construction, hospitality, landscaping, and transportation. The company offers general labor staffing services from more than 690 branches throughout the US and Canada, mostly under the Labor Ready brand. Other units, operating through branches, include Spartan Staffing (light industrial temporary services), CLP Resources (skilled construction trades), and Centerline Drivers (temporary and dedicated driver placement). TrueBlue mainly serves companies residing in the services, construction, transportation, manufacturing, retail, and wholesale sectors.

Operations

TrueBlue operates through two reportable segments. Staffing Services (96% of total sales) provides a wide range of blue-collar staffing services including general labor, light industrial, skilled trades, aviation, transportation mechanics, technicians, and drivers. Its Managed Services segment provides recruitment process outsourcing services.

Geographic Reach

The company has a network of some 690 branches across all 50 states, Puerto Rico, and Canada, plus more than 200 on-premise locations at customer's facilities. The US generates about 97% of its total sales.

Sales and Marketing

The company serves a broad range of industries that include construction, energy, manufacturing, warehousing, distribution, waste, wholesale, retail, transportation, aviation, and hospitality. Its top 10 largest customers accounted for 26% of its total revenue for 2015. One customer, Amazon , represented around 13% of its net revenues.

Financial Performance

TrueBlue has achieved extraordinary growth over the last several years, with revenues climbing 24% from $2.2 billion in 2014 to a record-setting $2.7 billion in 2015. The historic growth was primarily attributed to key acquisitions. It also experienced organic growth across most of its geographic and industry segments.

The construction industry saw considerable growth in 2015 driven by improving momentum in both residential and commercial construction as well as green energy projects. Rapid growth in online commerce resulted in stronger demand for warehousing and distribution services. In addition, demand by the transportation industry for driver workforce services continued to see double digit growth in 2015.

TrueBlue's net income surged 8% from $66 million in 2014 to $71 million in 2015, another company milestone. The company's operating cash inflow also jumped by 52% during that same time period.

Strategy

TrueBlue continues to evaluate opportunities to expand its market presence for staffing services. It achieves this by adding new physical locations and expanding existing locations to provide its full range of blue-collar staffing services.

Mergers and Acquisitions

TrueBlue has used acquisitions to generate milestone revenues and to diversify its mix of services, particularly in the light industrial and skilled labor staffing sectors. In 2016 it acquired the recruitment process outsourcing (RPO) business of Aon Hewitt for a cash purchase price of $72.0 million. The deal enhanced its PeopleScout's (which it inherited through its Seaton acquisition in 2014) operations, making it a major global RPO provider with more than $150 million in annual revenue and 300,000 annual full-time placements.

In 2015 TrueBlue acquired workforce efficiency specialist SIMOS Insourcing Solutions, expanding its workforce management group to deliver even more powerful talent services. In 2014 the company grew significantly through the purchase of staffing service provider Seaton. The deal included Seaton's PeopleScout, Staff Management SMX, HRX, and StudentScout service lines.

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LABOR READY, INC.

1015 A St Unit A
Tacoma, WA 98402-5122
Phone: 1 (253) 680-8487

Stats

  • Employer Type: Public
  • Account Manager: Dave Berkbigler
  • Senior Vice President Operations: Jay Reid
  • Chairman: Robert Sullivan
  • Employees: 887

Major Office Locations

  • Tacoma, WA

Other Locations

  • Dothan, AL
  • Fayetteville, AR
  • Bullhead City, AZ
  • Gilbert, AZ
  • Glendale, AZ
  • Goodyear, AZ
  • Phoenix, AZ
  • Tempe, AZ
  • Tucson, AZ
  • Bakersfield, CA
  • Bellflower, CA
  • Chico, CA
  • Chula Vista, CA
  • Citrus Heights, CA
  • City Of Industry, CA
  • Commerce, CA
  • Compton, CA
  • Concord, CA
  • Corona, CA
  • Costa Mesa, CA
  • El Cajon, CA
  • El Centro, CA
  • Elk Grove, CA
  • Escondido, CA
  • Fairfield, CA
  • Fresno, CA
  • Fullerton, CA
  • Hayward, CA
  • Inglewood, CA
  • Long Beach, CA
  • Los Angeles, CA
  • Manteca, CA
  • Mission Viejo, CA
  • Modesto, CA
  • Newhall, CA
  • North Hills, CA
  • North Hollywood, CA
  • Oceanside, CA
  • Palm Desert, CA
  • Palmdale, CA
  • Pasadena, CA
  • Redding, CA
  • Redwood City, CA
  • Sacramento, CA
  • Salinas, CA
  • San Bernardino, CA
  • San Diego, CA
  • San Francisco, CA
  • San Jose, CA
  • Santa Ana, CA
  • Santa Barbara, CA
  • Santa Maria, CA
  • Santa Rosa, CA
  • Simi Valley, CA
  • Soquel, CA
  • South Gate, CA
  • South San Francisco, CA
  • Stockton, CA
  • Temecula, CA
  • Torrance, CA
  • Turlock, CA
  • Upland, CA
  • Ventura, CA
  • Visalia, CA
  • Woodland Hills, CA
  • Yuba City, CA
  • Aurora, CO
  • Colorado Springs, CO
  • Denver, CO
  • Fort Collins, CO
  • Grand Junction, CO
  • Greeley, CO
  • Longmont, CO
  • Pueblo, CO
  • Thornton, CO
  • Westminster, CO
  • Doral, FL
  • Griffith, IN
  • Wichita, KS
  • Lansing, MI
  • Albuquerque, NM
  • Las Cruces, NM
  • Santa Fe, NM
  • Las Vegas, NV
  • Reno, NV
  • Schenectady, NY
  • Bethany, OK
  • Lawton, OK
  • Norman, OK
  • Oklahoma City, OK
  • Medford, OR
  • Abilene, TX
  • Amarillo, TX
  • Arlington, TX
  • Austin, TX
  • Beaumont, TX
  • Brownsville, TX
  • Bryan, TX
  • Dallas, TX
  • Del Rio, TX
  • Denton, TX
  • Duncanville, TX
  • El Paso, TX
  • Forest Hill, TX
  • Fort Worth, TX
  • Grand Prairie, TX
  • Houston, TX
  • Killeen, TX
  • Laredo, TX
  • Longview, TX
  • Lubbock, TX
  • Mcallen, TX
  • Mesquite, TX
  • Midland, TX
  • New Braunfels, TX
  • Plano, TX
  • San Angelo, TX
  • San Antonio, TX
  • Sherman, TX
  • Texas City, TX
  • Tyler, TX
  • Victoria, TX
  • Waco, TX
  • Wichita Falls, TX
  • Ogden, UT
  • Provo, UT
  • Salt Lake City, UT
  • Sandy, UT
  • St George, UT
  • West Valley City, UT
  • Petersburg, VA
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