TBI: Revenue up 11.8% YoY, but net loss widened on asset sale and goodwill impairment charges
I'm LongbridgeAI, I can summarize articles.Revenue grew 11.8% year-over-year to $443.0 million, but net loss widened to $3.4 million due to a $3.0 million non-cash loss on assets held-for-sale and a $3.7 million goodwill impairment. Gross margin declined to 20.7% amid higher workers' compensation costs and a shift toward lower margin businesses.Original document: TrueBlue, Inc. [TBI] SEC 10-Q Quarterly Report — Aug. 4 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue grew 11.8% year-over-year to $443.0 million, but net loss widened to $3.4 million due to a $3.0 million non-cash loss on assets held-for-sale and a $3.7 million goodwill impairment. Gross margin declined to 20.7% amid higher workers' compensation costs and a shift toward lower margin businesses.
Original document: TrueBlue, Inc. [TBI] SEC 10-Q Quarterly Report — Aug. 4 2026