Slide 1: Cautionary Note About Forward-Looking Statements
TrueBlue™ (NYSE:TBI) Q3 2012 Results Cautionary Note About Forward-Looking Statements: This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “be
Slide 2: Q-3 2012 Highlights
TrueBlue™ (NYSE:TBI) Q3 2012 Results 2 Q-3 2012 Highlights 2% revenue and 9% earnings per share growth Excluding large customer project, revenue increased 7% Revenue trends slowed in most industries Disciplined pricing driving higher gross margin * All calculations based on comparison to sam
Slide 3: Financial Summary
3 Financial Summary Q-3 2012 Q-3 2011 Growth % Revenue $ 379 $ 371 2% Gross profit $ 105 $ 100 5% % of Revenue 27.7% 26.9% SG&A expense $ 78 $ 73 6% % of Revenue 20.5% 19.7% Depreciation & amortization $ 5 $ 4 11% % of Revenue 1.2% 1.1% Income from operations $ 23 $ 22 2% % of Revenue 6.0% 6.0% Net
Slide 4: Revenue Trends
Revenue Trends* -5% 0% 5% 10% 15% Q-1 12 Q-2 12 Q-3 12 Q-4 12 F** Quarterly Revenue Growth Revenue Growth Revenue Growth, Excluding Large Customer Project 4 TrueBlue™ (NYSE:TBI) Q3 2012 Results * All calculations based on comparison to same period a year ago. ** Represents mid-point revenue growth g
Slide 5: Gross Margin Change
TrueBlue™ (NYSE:TBI) Q3 2012 Results 5 Gross Margin Change 25.0% 25.5% 26.0% 26.5% 27.0% 27.5% 28.0% Q3 2011 Payroll Tax Benefit Revenue Mix Pricing/Other Q3 2012 26.9% 27.7% +0.3% +0.3% +0.2% TrueBlue™ (NYSE:TBI) Q3 2012 Results
Slide 6: SG&A Expense Change
TrueBlue™ (NYSE:TBI) Q3 2012 Results 6 SG&A Expense Change $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Q3 2011 Variable Other Q3 2012 +$2.5M $73.2M $77.6M +$1.9M
Slide 7: Closing Comments
TrueBlue™ (NYSE:TBI) Q3 2012 Results 7 Closing Comments* Revenue expected to decline about 4% in Q4 2012** Excluding large customer project, revenue expected to grow about 4% in Q4 2012 Expect net income per diluted share in Q4 2012 of $0.11 - $0.16 Remain focused on current strategies of sp