Feb.
8th
TrueBlue net income up 91 percent in fourth quarter
A brisk demand from energy companies and holiday businesses for temporary workers gave Tacoma-based labor provider TrueBlue Inc. an earnings boost in the fourth quarter, the company reported today.
TrueBlue’s net income was up 91 percent for the fourth quarter of 2011 to $7.56 million from $3.96 million in the fourth quarter of 2010. Revenues during last year’s fourth quarter were $350.2 million, up 12 percent from the same period a year earlier. Adjusted for the one-week shorter accounting period in 2011, revenues were up 22 percent, the company said.
For the entire year, net income was up 55.2 percent …