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TrueBlue reports Q3 results

“This quarter’s results reflect the successful execution of our growth strategies, which include blending strong organic growth with acquisitions that increase our share of the blue-collar job market,” said CEO Steve Cooper. “In addition to the strong organic revenue growth we have achieved so far this year, the acquisitions we closed in 2013 will add approximately $300 million of go-forward annual revenue.”

TrueBlue completed its acquisition of The Work Connection at the beginning of the fourth quarter. The addition of The Work Connection expands the range and reach of TrueBlue’s light industrial staffing business.

“We are encouraged by the strong demand for our services and believe there are opportunities ahead to pursue additional acquisitions that fit our strategies and enhance our ability to serve our customers,” Cooper added.

TrueBlue estimates revenue in the range of $430 million to $440 million and net income per diluted share of $0.30 to $0.35 for the fourth quarter of 2013.


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