TrueBlue Q4 Gross Profit Misses by US$3M, Forecasts 9% Decline and Stock Falls 24%
TrueBlue's Q4 gross profit was US$90 million versus US$93 million guidance and Healthcare Staffing revenues reached US$14 million below the US$15 million target. The company forecasts a c.9% year-over-year drop in 1Q26 gross profits and its stock fell 24% post-earnings, driving activist investor EHS to push for immediate board replacements.
1. Q4 Earnings Misses
TrueBlue reported Q4 gross profit of US$90 million, missing its US$93 million guidance, while Healthcare Staffing segment revenues reached US$14 million versus the US$15 million target.
2. Weak 1Q26 Guidance
Management forecast a c.9% year-over-year decline in 1Q26 gross profits, indicating continued margin pressure in staffing operations despite broader industry growth.
3. Stock Reaction
TrueBlue's shares plunged 24% in the six trading days after the earnings release, trading near all-time lows as investors weigh operational challenges.
4. Activist Campaign
EHS Investments, holding over one million combined shares, is urging immediate Board refreshment and has nominated a slate of directors, threatening a proxy contest if its proposals are ignored.