Kelly Services

Kelly Services, Inc. engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil. The Global Talent Solutions segment offers outsourcing, consulting, and centrally delivered staffing business. The International Staffing segment relates to branch-delivered staffing business in the Europe, Middle East, and Africa region, as well as in the Asia Pacific. The company was founded by William Russell Kelly on October 7, 1946 and is headquartered in Troy, MI.

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Kelly Services reports revenue growth and margin improvement in Q4

Kelly Services navigated economic headwinds in Q4 2022 with revenue growth and margin improvement.
Strategic actions and focus on cost management position the company for future growth.
Investments in technology and potential acquisitions reflect a proactive approach to challenges.
The company's liquidity and financial strength provide a foundation for strategic initiatives.

Kelly Services reports mixed Q1 performance, focuses on transformation

Kelly Services reported mixed performance in Q1 2023, with revenue declines in some segments but strong growth in Education. Transformation initiatives aim to improve margins and align resources with demand.
Despite challenges in certain segments and cost management actions, the company maintains a strong cash position and continues to invest in Education and technology. Market competition remains intense but presents opportunities for growth.
The outlook for Q2 expects flat organic revenue trends but a decline in reported revenue. Uncertainty in certain markets and segments poses challenges, while bright spots in international markets offer opportunities for growth.
Overall, Kelly Services is focused on optimizing operations, accelerating growth, and improving margins through strategic initiatives and investments in technology and education. The company aims to navigate challenges and leverage opportunities for future success.

Kelly Services reports Q2 revenue decline, eyes acquisitions for growth

Kelly Services faced revenue decline but maintained a strong cash position and executed share repurchases.
Challenges include segment-specific revenue decreases and margin pressures.
Opportunities lie in transformation initiatives, targeted acquisitions, and improving EBITDA margin.
The company's strategic focus on efficiency and growth sets the stage for future profitability.

Kelly Services sells European business, focuses on high-margin growth

Kelly Services strategically divests European staffing business for higher-margin focus globally.
Despite challenges, the company aims for margin improvement and efficient capital deployment.
Efficiency initiatives and technology investments drive growth opportunities in key sectors.
Focused on quality acquisitions and strategic capital deployment for future growth.

Kelly Services reports stable earnings, eyes tech sector acquisitions

Kelly Services navigated challenging market conditions in 2023 with a focus on growth and efficiency.
Despite revenue declines in certain segments, the company showed resilience with strong performance in education.
Stable margins, strong cash position, and a focus on strategic acquisitions position Kelly Services for future growth.
The company's emphasis on AI adoption and customer-driven initiatives reflects a forward-looking approach to enhancing operations.

Kelly Services acquires Motion Recruitment Partners to drive growth

Kelly Services' Q1 2024 performance was impacted by the sale of the European staffing business, but the company remains focused on growth and efficiency.
The acquisition of Motion Recruitment Partners aims to enhance Kelly's capabilities and drive revenue growth, positioning the company for future success.
Despite challenges in finding attractive targets, Kelly Services maintains a strong balance sheet and is optimistic about future opportunities in the industry.

Kelly Services reports stable Q3 earnings, eyes growth opportunities ahead

Kelly Services' Q3 performance showcased stability and growth in key business segments, with a focus on revenue and margin improvement for the upcoming quarter. Analyst inquiries and management insights highlighted areas of strength, challenges, and opportunities for the company.

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Kelly Services, Inc. engages in the provision of talent solutions. It operates through the following segments: Professional and Industrial, Science, Engineering, and Technology, Education, Outsourcing and Consulting, and International. The Professional and Industrial segment includes the provision of administrative, accounting and finance, light industrial, contact center staffing, and other workforce solutions. The Science, Engineering, and Technology segment focuses on staffing, outcome-based, permanent placement services, clinical research, and telecommunications. The Education segment involves offering education and therapy services talent through staffing, permanent placement, and executive search services to Pre-K-12 school districts and organizations. The Outsourcing and Consulting segment consists of global talent supply chain and workforce solutions, including Managed Service Provider (MSP), Recruitment Process Outsourcing (RPO), Payroll Process Outsourcing (PPO), and executive coaching programs. The company was founded by William Russell Kelly on October 7, 1946 and is headquartered in Troy, MI.

Q4 operating earnings of $7.3 million, or up 59% to $22.1 million on an adjusted basis Q4 revenue was flat; down 1.3% in constant currency Q4 adjusted EBITDA margin increased 60 basis points to 2.6% driven by meaningful reduction in operating expenses resulting from business transformation initiatives Company expects Q1 2024 sale of European staffing operations, sustained structural expense reductions and near-term outcome from growth initiatives to drive further expansion of EBITDA margin TROY, Mich., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the fourth quarter of 2023.

Kelly Reports Fourth-Quarter 2023 Earnings

WASHINGTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Dr. Aimee Green-Webb, chief human resources officer for Kentucky's Jefferson County Public Schools (JCPS), was recently presented with the Distinguished Service Award at the Council of the Great City Schools' 2024 Chief Human Resources Officers Meeting in Louisville. Sponsored by Kelly Education, the award honors an individual from the management services ranks for their distinguished service in urban education.

Jefferson County Schools Chief Human Resource Officer Wins Council Award

TROY, Mich., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Kelly has been named to FlexJobs' annual list of the Top 100 Companies to Watch for Remote Jobs for the eleventh consecutive year.

Kelly Named a Top Company for Remote Jobs in 2024

TROY, Mich., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Kelly , a leading global specialty talent solutions provider, will release its fourth-quarter earnings before the market opens on Thursday, February 15, 2024.

Kelly Announces Fourth-Quarter Conference Call

TROY, Mich., Jan. 03, 2024 (GLOBE NEWSWIRE) --  Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced it has completed the sale of its European staffing business to Gi Group Holdings S.P.A. (“Gi”). Kelly previously announced on November 2, 2023, that it had entered into a definitive agreement to sell the business to Gi.

Kelly Completes Sale of European Staffing Business to Gi Group Holdings S.P.A.

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TROY, Mich. , Nov. 29, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced it will participate in the 19th Annual Noble Capital Markets Emerging Growth Equity Conference at Florida Atlantic University in Boca Raton, Florida, on Monday, December 4, 2023, and Tuesday, December 5, 2023.

Kelly to Participate in the 19th Annual Noble Capital Markets Emerging Growth Equity Conference

Annual recognition serves as a reminder that education is a shared responsibility and swift action is needed to support U.S. schools and institutions. Key Takeaways American Education Week celebrates the work of educators and school support staff annually.

As American Education Week Begins, 337,000 Vacancies in the Public Education Sector Remain

Company recognized for its commitment to recruiting and promoting veterans and their spouses TROY, Mich., Nov. 10, 2023 /PRNewswire/ -- Kelly has earned the 2024 Military Friendly® Employer and Military Friendly® Spouse Employer designations.

Kelly Earns 2024 Military Friendly® Employer Designation

Strong demand for education jobs was a lone bright spot in a job placement market that was worse than expected in the third quarter, staffing services company Kelly Services Inc. said.

There's strong demand for education jobs, but not for technology, Kelly says

Kelly Services, Inc. (NASDAQ:KELYA ) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Peter Quigley - President & Chief Executive Officer Olivier Thirot - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Research Kartik Mehta - Northcoast Research Marc Riddick - Sidoti Operator Good morning and welcome to Kelly Services Third Quarter Earnings Conference Call. All parties will be on listen-only until the question-and-answer portion of the presentation.

Kelly Services, Inc. (KELYA) Q3 2023 Earnings Call Transcript

Q3 operating earnings were break-even, or up 60% to $15.5 million on an adjusted basis Q3 revenue down 4.3%; down 5.8% in constant currency Q3 adjusted EBITDA margin increased to 2.3% compared to 1.6% in the prior year driven by meaningful reduction in operating expenses resulting from business transformation initiative Company expects sale of European staffing operations and near-term outcome from growth initiatives to drive further expansion of adjusted EBITDA margin TROY, Mich. , Nov. 9, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced results for the third quarter of 2023.

Kelly Reports Third-Quarter 2023 Earnings, Continued Progress on Business Transformation

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Enables greater focus on higher margin, higher growth global managed service provider (MSP) solutions, global recruitment process outsourcing (RPO) solutions, and specialty outcome-based and staffing services in North America Transaction expected to close in the first quarter of 2024; cash consideration of €100 million with additional earnout potential of up to €30 million Unlocks significant capital to invest in organic and inorganic growth TROY, Mich. , Nov. 2, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced that it has entered into a definitive agreement to sell its European staffing business to Gi Group Holdings S.P.A.

Kelly Enters Agreement to Sell European Staffing Business to Gi Group Holdings S.P.A.

TROY, Mich. , Oct. 26, 2023 /PRNewswire/ -- Kelly , a leading global specialty talent solutions provider, will release its third-quarter earnings before the market opens on Thursday, November 9, 2023.

Kelly Announces Third-Quarter Conference Call

Business recognized for its wide range of consulting services and strong technology stack TROY, Mich. , Oct. 25, 2023 /PRNewswire/ -- Everest Group has recognized KellyOCG, the outsourcing and consulting group of Kelly (Nasdaq: KELYA, KELYB), as a Leader on its annual Contingent Workforce Management / Managed Service Provider PEAK Matrix®, as well as a Leader and a Star Performer on the 2023 Services Procurement PEAK Matrix®.

KellyOCG Named a Leader in MSP, Services Procurement by Everest Group

Company recognized for its commitment to the inclusion of certified women business owners TROY, Mich. , Oct. 18, 2023 /PRNewswire/ -- Kelly has been recognized by the Great Lakes Women's Business Council  with the 2023 Excellence in Supplier Diversity Award in the Best-In-Class category.

Kelly Receives Best-In-Class for Excellence in Supplier Diversity Award

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Staffing leader recognized by FlexJobs for embracing hybrid work TROY, Mich. , Oct. 13, 2023 /PRNewswire/ -- Kelly is proud to announce that it has been named to FlexJobs' second annual list of the Top 100 Companies for Hybrid Jobs.

Kelly Named a Top Company for Hybrid Jobs

Kelly Services, Inc. is a $660-million market cap firm that offers workforce solutions across various industries. Kelly Services reported a decrease in revenue and gross profit in Q2 2023, with declines in most segments. The company expects flat or slightly increased revenue in the second half of FY2023 but faces challenges in the labor market.

Kelly Services: Already Undervalued, But Wait For More Certainty

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TROY, Mich. , Sept. 7, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced it will participate in the 16th Annual Barrington Research Virtual Fall Investment Conference on Thursday, September 14, 2023.

Kelly to Participate in the 16th Annual Barrington Research Virtual Fall Conference

The consensus price target hints at a 37.9% upside potential for Kelly Services (KELYA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Kelly Services (KELYA) Could Rally 37.91%: Here's is How to Trade

Kelly Services, Inc. (NASDAQ:KELYA ) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET Company Participants Peter Quigley - President and CEO Olivier Thirot - CFO Conference Call Participants Kartik Mehta - Northcoast Research Joe Gomes - Noble Capital Kevin Steinke - Barrington Research Mitra Ramgopal - Sidoti Operator Good morning and welcome to Kelly Services' Second Quarter Earnings Conference Call. All parties will be in a listen-only mode until the question-and-answer session of the call.

Kelly Services, Inc. (KELYA) Q2 2023 Earnings Call Transcript

Kelly Services (KELYA) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.45 per share a year ago.

News for Kelly Services Stock (KELYA)