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 revenue down 1.3%; up 0.7% in constant currency Q4 gross profit up 1.7%; up 3.7% in constant currency with Q4 GP rate of 20.3%, an improvement of 60 bps Q4 operating earnings of $4.6 million including non-cash goodwill impairment charge, or $14.0 million on an adjusted basis, down 28% on an adjusted basis from a year ago Full year 2022 operating earnings of $14.8 million, or adjusted earnings of $68.3 million, compared to adjusted earnings of $52.6 million last year, up 30% on an adjusted basis TROY, Mich. , Feb. 16, 2023 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the fourth quarter and full year of 2022.

Kelly Reports Fourth-Quarter and Full-Year 2022 Earnings

Kelly Services (KELYA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Kelly Services (KELYA) Q4 Earnings Expected to Decline

Kelly Services connects companies with workers and facilitates the selection process. I am quite optimistic about the future of Helix UX, which offers talent selection across different cloud-based talent pools.

Kelly Services: A Bet On Education, Undervalued

TROY, Mich. , Feb. 2, 2023 /PRNewswire/ --  Kelly  (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, will release its fourth-quarter and full-year earnings before the market opens on Thursday, February 16, 2023.

Kelly Announces Fourth-Quarter and Full-Year Conference Call

Capital One

People can argue all day about whether book value is a good gauge of a stock's value.

Capital One and Kelly Services Are Selling Below Book Value

Kelly Services, Inc. (NASDAQ:KELYA ) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Peter Quigley - President & Chief Executive Officer Olivier Thirot - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital Kevin Steinke - Barrington Research Kartik Mehta - Northcoast Research Mitra Ramgopal - Sidoti Operator Ladies and gentlemen, thank you for standing by. Good morning, and welcome to Kelly Services Third Quarter Earnings Conference Call.

Kelly Services, Inc. (KELYA) Q3 2022 Earnings Call Transcript

Kelly Services (KELYA) delivered earnings and revenue surprises of 19.05% and 3.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Kelly Services (KELYA) Surpasses Q3 Earnings Estimates

Q3 revenue down 2.3%; up 0.3% in constant currency Q3 operating loss of $21.4 million and loss per share of $0.43 down from a year ago on a non-cash goodwill impairment charge Adjusted operating earnings of $9.5 million; up 7% from a year ago or up 21% in constant currency Kelly's Board of Directors approves a $50 million share repurchase plan TROY, Mich. , Nov. 10, 2022 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the third quarter of 2022.

Kelly Reports Third-Quarter 2022 Earnings

TROY, Mich. , Aug. 31, 2022 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced it will participate in the 15th Annual Barrington Research Virtual Fall Conference on Thursday, September 8, 2022.

Kelly to Participate in the 15th Annual Barrington Research Virtual Fall Conference

Kelly Services, Inc. (NASDAQ:KELYA ) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Peter Quigley - President, CEO & Director Olivier Thirot - EVP & CFO Conference Call Participants Kartik Mehta - Northcoast Research Partners Lalishwar Ramgopal - Sidoti & Company Joseph Gomes - NOBLE Capital Markets Kevin Steinke - Barrington Research Associates Operator Good morning, and welcome to Kelly Services' Second Quarter Earnings Conference Call. [Operator Instructions].

Kelly Services, Inc. (KELYA) CEO Peter Quigley on Q2 2022 Results - Earnings Call Transcript

Kelly Services (KELYA) delivered earnings and revenue surprises of -6.25% and 0.98%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Kelly Services (KELYA) Q2 Earnings and Revenues Miss Estimates

Q2 revenue up 0.7% from a year ago; 2.7% in constant currency Q2 operating earnings of $8.2 million and earnings per share of $0.06 down from a year ago primarily due to a non-cash impairment charge related to our operations in Russia Adjusted operating earnings of $22.3 million; up 63% from a year ago Completed the acquisition of Pediatric Therapeutic Services in May to extend our leading position in K-12 education TROY, Mich. , Aug. 11, 2022 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the second quarter of 2022.

Kelly Reports Second-Quarter 2022 Earnings

Kelly Services (KELYA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Kelly Services (KELYA) This Earnings Season?

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The United States has been adding a record number of jobs, helping staffing stocks like Insperity (NSP), Cross Country Healthcare (CCRN), Resources Connection (RGP) and Kelly Services (KELYA).

4 Staffing Stocks to Watch on Solid Job Additions to Economy

Kelly Services (KELYA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kelly Services (KELYA) Expected to Beat Earnings Estimates: Should You Buy?

Kelly Services (KELYA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Kelly Services (KELYA) Keep the Earnings Surprise Streak Alive?

Korn/Ferry Int.

Gradual resumption of business activities, increased dependency on technology, the shift in recruitment patterns within the industry and cost reduction should aid the Zacks Staffing industry. KFY, CCRN and KELYA are well poised to witness a demand surge.

3 Stocks to Watch in a Challenging Staffing Services Industry

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KELYA vs. RHI: Which Stock Should Value Investors Buy Now?

Kelly Services (KELYA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Kelly Services (KELYA) Upgraded to Strong Buy: Here's What You Should Know

Chatbot guides candidates through the application process, giving employers faster access to top talent TROY, Mich. , July 13, 2022 /PRNewswire/ -- Kelly today launched its new RPO solution, Kelly Ace , a recruiting and application chatbot that provides employers with a powerful user interface to connect with top talent faster.

Kelly Helps Companies Rescue Candidates from the Job Application "Black Hole" with New RPO Solution Kelly Ace

Here is how Kelly Services (KELYA) and Wex (WEX) have performed compared to their sector so far this year.

Has Kelly Services (KELYA) Outpaced Other Business Services Stocks This Year?

Kelly Services (KELYA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Kelly Services (KELYA) Soars 5%: Is Further Upside Left in the Stock?

Kelly Services, Inc. (NASDAQ:KELYA ) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants Peter Quigley - President & CEO Olivier Thirot - CFO Conference Call Participants Kevin Steinke - Barrington Research Joe Gomes - NOBLE Capital 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) CEO Peter Quigley on Q1 2022 Results - Earnings Call Transcript

Shares of Kelly Services Inc. KELYA, -1.51% were indicated up more than 3% in premarket trading Thursday, after the staffing services company beat profit and revenue expectations and boosted its dividend by 50%. The company swung to a net loss of $47.6 million, or $1.23 a share, from income of $25.6 million, or 64 cents a share, in the year-ago period.

Kelly Services beats profit and revenue expectations, boosts dividend to lift yield above the S&P 500

Q1 revenue up 7.5%; 9.0% in constant currency Q1 operating earnings of $23.4 million; up 121% from a year ago Q1 loss per share of $1.23 down from a year ago on a non-cash loss on Persol Holdings investment Adjusted EPS of $0.46 in Q1; up from $0.12 a year ago Created $235M of liquidity by ending the cross-ownership between Kelly and Persol Holdings and reducing our ownership interest in PersolKelly, the companies' joint venture in the APAC region Completed the first quarter acquisition of RocketPower to strengthen our RPO practice and acquired Pediatric Therapeutic Services in May to extend our leading position in K-12 education TROY, Mich. , May 12, 2022 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the first quarter of 2022.

News for Kelly Services Stock (KELYA)