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Second-quarter revenue rose 10.6 percent at TrueBlue Inc. (NYSE: TBI) to $354.3 million from $320.2 million in the second quarter of last year. Gross margin at the Tacoma, Wash.-based industrial staffing firm edged down to 26.4 percent from 26.7 percent in the year-ago quarter.
The company reported second-quarter net income of $10.3 million, a 20.9 percent increase compared to $8.5 million in the year-ago quarter.
The company estimates third-quarter revenue of $385 million to $395 million, a year-over-year increase of between 3.7 percent and 6.4 percent.
TrueBlue’s brands include Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs and Centerline.
TrueBlue Inc. (NYSE: TBI)
For the second quarter ended June 29, 2012, compared with the same period last year.
Revenue: $354.3 million, +10.6 percent
Net income: $10.3 million, +20.9 percent