Labor Ready (NYSE:LRW)
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From Jan 2020 to Jan 2025
Labor Ready, Inc. (NYSE: LRW) today announced that its
Board of Directors has authorized the company's purchase of Labor
Ready common stock in either open market or private transactions at a
total cost of up to $50,000,000. The shares will be repurchased from
time to time as, in the opinion of management, market conditions
warrant. The Company plans to complete the repurchase program no later
than the end of the current year. As previously announced, the company
recently completed the repurchase of approximately 2.2 million shares
of Labor Ready common stock under two previously authorized share
repurchase programs.
About Labor Ready
Labor Ready is an international provider of temporary employees
for manual labor, light industrial and skilled construction jobs,
operating under the brand names of Labor Ready, Workforce, Spartan
Staffing, and CLP Resources. Labor Ready's customers are primarily
small- to mid-sized businesses in the transportation, warehousing,
hospitality, landscaping, construction, light manufacturing, retail,
wholesale, facilities and sanitation industries. Annually, Labor Ready
serves approximately 300,000 customers and puts more than 600,000
people to work through its more than 890 branch locations in the
United States, Canada, and the United Kingdom. For additional
information, visit Labor Ready's website at www.laborready.com.
Certain statements made by Labor Ready, Inc. in this release may
constitute forward-looking statements within the meaning of the
federal securities laws. These include a statement concerning expected
commencement of repurchases under the stock repurchase plan. In
addition, when we use words such as "will," "should," "believes,"
"expects," "anticipates," "estimates" or similar expressions, we are
making forward-looking statements. While we believe any
forward-looking statements we have made are reasonable, they are
subject to risks and uncertainties, and actual results could differ
materially. These risks and uncertainties include, but are not limited
to, unexpected requirements for cash, including for acquisitions,
changes in Labor Ready's business prospects, the market price of Labor
Ready's stock, unexpected changes in the financial market conditions,
and any other factors listed or discussed in the reports filed by
Labor Ready with the Securities and Exchange Commission under the
Securities Exchange Act of 1934. Labor Ready does not undertake, and
expressly disclaims any obligation, to update or alter its statements
whether as a result of new information, future events or otherwise,
except as required by law.