TrueBlue reports Q4 and full-year 2013 results
“This was a very successful quarter for us with adjusted EBITDA* growth of 80 per cent,” TrueBlue CEO Steve Cooper said. “We are experiencing strong organic growth across the business, and the acquisitions completed in 2013 have exceeded our expectations. Our team’s efforts resulted in a record year, and I am proud of what they accomplished.”
TrueBlue acquired substantially all the assets of The Work Connection (TWC) at the beginning of the fourth quarter 2013, which expanded TrueBlue’s light industrial staffing business. TrueBlue completed three acquisitions in 2013, adding about $300 million of annualized revenue.
Cooper added, “We remain focused on producing strong organic growth through our specialized sales and service approach, using our strong balance sheet to pursue acquisitions, and continuing to use technology to improve both the customer and worker experience as well our own efficiency.”
TrueBlue estimates revenue in the range of $398 million to $408 million and net income per diluted share of $0.00 to $0.05 for the first quarter of 2014.