Second-quarter revenue at TrueBlue Inc. (NYSE: TBI) rose 43.7% as business bounced back from the lows of Covid-19.

“The momentum from earlier in the year carried into the second quarter with strong revenue growth across all segments driven by new business wins and higher existing client volumes,” CEO Patrick Beharelle said.

Beharellle said TrueBlue’s online platform JobStack has been a competitive differentiator for its PeopleReady business. Clients that use JobStack heavily are showing stronger growth compared to the rest of the segment’s customer base; they now represent 46% of PeopleReady’s US on-demand revenue.

Revenue by segment

Revenue in the PeopleScout segment surged in the second quarter after falling 13% year over year in the first quarter. Driving growth was a rapid recovery in travel and leisure combined with new business wins, according to the company.

In the PeopleReady segment, TrueBlue reported improving revenue trends across most geographies and industries, including areas that were hard hit last year. In the PeopleManagement segment, the company cited $63 million in annualized new business wins year to date compared to $32 million year to date in last year’s second quarter.

Guidance

Third-quarter revenue is forecast to grow between 9% and 11% on a sequential basis from the second quarter.

Share price and market cap

Shares in TrueBlue were up 1.51% to $26.82 as of 12:09 p.m. Eastern time; they were 10.57% below their 52-week high, according to FT.com. TrueBlue’s market cap was $937.2 million.