Labor Ready is the nation’s leading provider of temporary manual labor to the light industrial and small business markets. Labor Ready puts people to work, serving more than 275,000 customers by providing a flexible, dependable workforce to such industries as freight handling, warehousing, landscaping, construction and light manufacturing. Labor Ready operates in 50 states, Puerto Rico, Canada, and the United Kingdom and is based in Tacoma, Washington

Labor Ready Announces 2007 Second Quarter Results
TACOMA, Wash., Jul 18, 2007 (BUSINESS WIRE) -- Labor Ready, Inc. (NYSE:LRW) reported revenue for the second quarter ended June 29, 2007 of $351.1 million, an increase of 3.3 percent from $339.8 million for the second quarter of 2006. Net income for the second quarter was $18.8 million or $0.41 per diluted share, an increase in net income of 0.8 percent as compared to $18.6 million or $0.35 per diluted share for the second quarter of 2006.
"During 2007, we have been experiencing positive momentum in our same branch sales growth as a result of the increased sales activity we started in the fourth quarter of 2006," said Labor Ready CEO Steve Cooper. "We are pleased with the growth trends in same branch revenue since growing average branch revenue and profitability is our main priority."
Revenue for the quarter from branches open 12 months or longer increased 0.7 percent over the same quarter a year ago, an improvement from the decline of 3.1 percent reported in the first quarter of 2007.
A recent acquisition provided 2.4 percent of additional revenue for the company over the same quarter a year ago. As expected, the acquisition only made a small contribution to net income due to related amortization of intangible assets.
"We intend to continue pursuing growth through strategic acquisitions that expand our blue-collar staffing services," said Cooper. "Operating as one company with multiple blue-collar brands in the temporary help industry is a key component of our vision."
During the quarter the company purchased approximately 0.9 million shares of its outstanding common stock for $18 million, which leaves $93 million available to purchase additional shares under the current share purchase authorization. Since the beginning of 2006, the company has purchased approximately 9.2 million shares of its common stock at the cost of $184 million. 

Labor Ready Announces 2007 First Quarter Results 
TACOMA, Wash.--(BUSINESS WIRE)--April 18, 2007--Labor Ready, Inc. (NYSE:LRW) reported revenue for the first quarter ended March 30, 2007 of $290 million, a decrease of 2.3 percent from $297 million for the first quarter of 2006. Net income for the first quarter was $10.3 million or $0.21 per diluted share, a decrease in net income of 9.8 percent, as compared to $11.5 million or $.21 per diluted share for the first quarter of 2006.
"We delivered better than expected results this quarter, and I am proud of our hard-working employees and their efforts to drive demand given the headwinds we faced," said Labor Ready CEO Steve Cooper. "We saw positive momentum in the demand for our services this quarter after experiencing a drop in demand during the second half of 2006."
Revenue for the quarter from branches open 12 months or longer declined 3.1 percent over the same quarter a year ago, while branches opened in the last 12 months contributed growth of 1.6 percent.
Gross margin was 32.0 percent for the quarter compared to 31.3 percent the same quarter a year ago. Gross margin this quarter was positively impacted by 1.2 percent of revenue as a result of lower workers' compensation expense offset by increased wage and pricing pressure of .5 percent of revenue.
"Our attention to safety and risk management continues to reduce workers' compensation expense," said Cooper. "As expected, we experienced some price sensitivity this quarter due to overall market conditions and the large number of states with minimum wage increases."
Labor Ready opened a total of seven new branches and closed six branches during the quarter resulting in 913 branches in operation. Approximately 10-15 additional branch openings are planned for 2007.
As of April 12, 2007, the company had repurchased a total of 4.7 million shares at a cost of $88 million in 2007, completing the share repurchase programs previously authorized by the Board of Directors.
Labor Ready also provided guidance for the second quarter and updated its outlook for 2007. For the second quarter, the company estimates revenue in the range of $337 million to $340 million and net income per diluted share between $0.33 and $0.35. For the year, the company estimates revenue in the range of $1.35 to $1.37 billion and net income per diluted share between $1.40 to $1.45.

Labor Ready Reports 2006 Third Quarter Results 
Business Editors
TACOMA, Wash.--(BUSINESS WIRE)--Oct. 19, 2006--Labor Ready, Inc. (NYSE:LRW) reported revenue for the third quarter ended Sept. 29, 2006 increased 4 percent to $374.1 million compared to revenue of $360.4 million for the third quarter of 2005. Net income for the quarter increased 14 percent to $24.8 million or $0.48 per diluted share, as compared to $21.8 million or $0.40 per diluted share for the third quarter of 2005.
Revenue for the quarter from branch offices open 12 months or longer grew 2 percent. "While we have felt the effect of a slowing residential housing market over the past two quarters, its impact has stabilized, and we have continued to produce solid growth in the other industries we serve," said Labor Ready CEO Steve Cooper.
Gross profit as a percentage of revenue improved 100 basis points compared to the same quarter a year ago as a result of lower workers' compensation costs and continued strong pricing controls. "Our safety programs continue to produce industry-leading reductions in claim frequency," said Cooper. According to Cooper, claim frequency has decreased approximately 15 percent year-to-date in comparison with the same period last year and is down over 40 percent since the beginning of 2003.
The company opened a total of eight new branch offices and closed five during the quarter. It plans to open two additional branch offices in the fourth quarter. The company currently operates 926 branch offices.

Labor Ready Announces Record Second Quarter Results; Net Income Increases 21 Percent 
TACOMA, Wash.--(BUSINESS WIRE)--July 19, 2006--Labor Ready, Inc. (NYSE:LRW) reported revenue for the second quarter ended June 30, 2006 increased 15.1 percent to $339.8 million compared to revenue of $295.2 million for the second quarter of 2005. Net income for the quarter increased 21 percent to $18.6 million or $0.35 per diluted share, as compared to $15.4 million or $0.30 per diluted share for the second quarter of 2005.
"Revenue was in line with our expectations for the second quarter," said Labor Ready President and CEO Steve Cooper. "We executed our strategies of improving same branch revenue growth while controlling operating expenses which resulted in net income growth of 25 percent, excluding incremental stock-based compensation expense, on same branch revenue growth of 8 percent."
CLP Resources, a leading skilled construction trades staffing firm acquired by Labor Ready in May 2005, provided 7.3 percentage points of Labor Ready's 15.1 percent revenue growth for the quarter.
Referring to the completion of one year of combined results with CLP Resources, Cooper said, "The operating results for the first year were in line with expectations and we remain excited about the growth opportunities available for CLP Resources."
Gross profit as a percentage of revenue improved 80 basis points compared to the same quarter a year ago as a result of lower workers' compensation costs. "Our increased focus in safety and risk management programs over the past few years continues to result in lower injury rates and ultimately lower costs," said Cooper.