Jul 27, 201101:28 PMBlog
TrueBlue posts revenue, income increases
From the beginning of the second quarter through July 27, the company purchased 1.16 million shares of its outstanding common stock for about $16 million, resulting in about $5 million remaining under its existing share purchase program. On July 25, TrueBlue's board of directors approved a new program to purchase an additional $75 million of its outstanding common stock.
For the third quarter of 2011, the Tacoma-based company estimates revenue in the range of $360 million to $370 million and net income per diluted share of 27 cents to 32 cents.
TrueBlue is a leading provider of blue-collar staffing the Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs and Centerline brands.