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, 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.

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

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

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

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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Staffing agency Kelly Services (KELYA) connects talented people to companies in need of their skills, according to its corporate profile.

Beat the Rush: Kelly Services Offers Investors a Pre-Pivot Opportunity

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

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

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

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

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 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

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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

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

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.

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