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.

Q2 revenue down 3.9%; down 4.5% in constant currency; organic revenue down 2.2% in constant currency Q2 gross profit down 8.3%; GP rate, 19.8%, down 90 bps year-over-year due primarily to lower permanent placement fees as customer full-time hiring decelerates Q2 operating earnings of $6.2 million, including $8.0 million of transformation-related restructuring and impairment charges, or $14.2 million on an adjusted basis Comprehensive business transformation program expected to drive meaningful improvement in EBITDA margin beginning in the second half of 2023 TROY, Mich. , Aug. 10, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced results for the second quarter of 2023.

Kelly Reports Second-Quarter 2023 Earnings, Substantial Progress on Business Transformation

TROY, Mich. , July 27, 2023 /PRNewswire/ -- Kelly  (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, will release its second-quarter earnings before the market opens on Thursday, August 10, 2023.

Kelly Announces Second-Quarter Conference Call

Kelly Services Inc. KELYA, +1.44% said Thursday it's implementing a workforce reduction plan for an undisclosed number of workers in a move described by CEO Peter Quigley as “difficult but necessary.” Kelly Services said it will take a restructuring charge of up to $8.5 million in the third quarter.

Kelly Services taking restructuring charge of up to $8.5 million as it reduces its work force

Strategic restructuring follows comprehensive review of company's growth and efficiency objectives as part of ongoing transformation Aggressive action builds on strategic progress to monetize non-core assets, reinvest capital in organic and inorganic growth initiatives, and shift to higher-margin, higher-growth business mix Actions expected to result in meaningful, sustainable EBITDA margin expansion beginning immediately, and substantial improvement in the second half of 2023 and beyond TROY, Mich. , July 20, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced strategic restructuring actions that will further optimize the company's operating model to enhance organizational efficiency and effectiveness.

Kelly Announces Strategic Restructuring Actions to Accelerate Profitable Growth

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Kelly Services, Inc. (KELYA) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, KELYA's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Kelly Services (KELYA)'s Technical Outlook is Bright After Key Golden Cross

TROY, Mich. , May 19, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced that at its 2023 Annual Shareholders Meeting held on May 17, 2023, Kelly shareholders elected nine individuals to serve one-year terms on its board of directors.

Kelly Elects Board of Directors at Annual Shareholders Meeting, Announces Board Leadership Succession

Kelly Services, Inc. (NASDAQ:KELYA ) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Peter Quigley - President and Chief Executive Officer Olivier Thirot - Chief Financial Officer Conference Call Participants Joe Gomes - Noble Capital Kartik Mehta - Northcoast Research Kevin Steinke - Barrington Research Mitra Ramgopal - Sidoti Operator Good morning, and welcome to Kelly Services First Quarter Earnings Conference Call. All parties will be on listen-only until the question-and-answer portion of the presentation.

Kelly Services, Inc. (KELYA) Q1 2023 Earnings Call Transcript

Kelly Services (KELYA) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.46 per share a year ago.

Kelly Services (KELYA) Q1 Earnings and Revenues Beat Estimates

Shares of Kelly Services Inc. KELYA rose 2.3% in premarket trading Thursday, after the staffing services company reported first-quarter adjusted profit and revenue that fell less than expectations, citing strength in its education business. The company swung to net income of $10.9 million, or 29 cents a share, from a loss of $47.6 million, or $1.23 a share, in the year-ago period.

Kelly Services stock rallies after revenue falls but beat expectations, while staffing business faces decreased demand

Q1 revenue down 2.2%; down 1.4% in constant currency; organic revenue nearly flat (down 0.5% in constant currency) Q1 gross profit down 1.7%; down 0.8% in constant currency; delivered continued improvement in GP rate, 20.0%, up 10 bps year-over-year Q1 operating earnings of $10.7 million, including a $5.7 million restructuring charge, or $16.4 million on an adjusted basis Initiated a comprehensive business transformation program to significantly improve EBITDA margin TROY, Mich. , May 11, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the first quarter of 2023.

Kelly Reports First-Quarter 2023 Earnings

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Kelly report discovers some employers are thriving while most struggle to build resilient organizations TROY, Mich. , May 3, 2023 /PRNewswire/ -- As employers around the world contend with the greatest workforce disruption in generations, a new global report released today by staffing leader Kelly (Nasdaq: KELYA, KELYB) uncovers a striking disconnect between senior executives and talent.

Failing Talent at Every Turn: Global Survey of Senior Executives and Employees Finds Workforce Satisfaction is Plummeting

TROY, Mich. , April 27, 2023 /PRNewswire/ -- Kelly , a leading specialty talent solutions provider, will release its first-quarter earnings before the market opens on Thursday, May 11, 2023.

Kelly Announces First-Quarter Conference Call

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Kelly Services, Inc. (NASDAQ:KELYA ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Peter Quigley - President, CEO & Director Olivier Thirot - EVP & CFO Conference Call Participants Joseph Gomes - NOBLE Capital Markets Kevin Steinke - Barrington Research Associates Jack Boyle - Northcoast Research Mitra Ramgopal - Sidoti & Company Operator Good morning, and welcome to the Kelly Services' Fourth Quarter Full Year 2022 Earnings Conference Call. [Operator Instructions].

Kelly Services, Inc. (KELYA) Q4 2022 Earnings Call Transcript

Kelly Services (KELYA) delivered earnings and revenue surprises of -41.94% and 1.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Kelly Services Stock (KELYA)