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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Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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.

Kelly Services, Inc. (NASDAQ:KELYA ) Q3 2024 Results Conference Call November 7, 2024 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 Marc Riddick - Sidoti & Company 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 session.

Kelly Services, Inc. (KELYA) Q3 2024 Earnings Call Transcript

Kelly Services (KELYA) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.50 per share a year ago.

Kelly Services (KELYA) Q3 Earnings and Revenues Miss Estimates

TROY, Mich., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the third quarter of 2024.

Kelly Reports Third-Quarter 2024 Earnings

TROY, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kelly , a leading global specialty talent solutions provider, will release its third-quarter earnings before the market opens on Thursday, November 7, 2024. In conjunction with its third-quarter earnings release, Kelly will publish a financial presentation on the Investor Relations page of its public website and will host a conference call at 9 a.m. ET.

Kelly Announces Third-Quarter 2024 Conference Call

Partnership represents a shared commitment to ensuring the continuity of learning in U.S. schools Partnership represents a shared commitment to ensuring the continuity of learning in U.S. schools

Kelly Education and Elevate K-12 Announce Partnership to Address the Teacher Vacancy Crisis

TROY, Mich., Oct. 08, 2024 (GLOBE NEWSWIRE) -- KellyOCG® , the outsourcing and consulting group of Kelly, has been named a Leader on Everest Group's 2024 PEAK Matrix® assessments for both Contingent Workforce Management (CWM) / Managed Service Provider (MSP) and Services Procurement.

KellyOCG Named MSP and Services Procurement Leader by Everest Group

Kelly has been named a Leader on Everest Group's 2024 US Contingent Staffing PEAK Matrix® for business and professional as well as industrial staffing.

Kelly Named a Professional and Industrial Staffing Leader by Everest Group

TROY, Mich., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Kelly Engineering® has been named a Leader and Star Performer on Everest Group's 2024 PEAK Matrix® Assessment for US Engineering Contingent Talent and Strategic Solutions.

Kelly Engineering® Named a Contingent Staffing Leader and Star Performer by Everest Group

TROY, Mich., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced that Troy R. Anderson has been named executive vice president and chief financial officer designate, effective October 14, 2024. Following an orderly transition of responsibilities, Anderson will succeed Olivier Thirot, executive vice president and chief financial officer, who on July 8, 2024, informed Kelly of his intention to retire as an officer of the Company. Upon completion of the transition, Thirot will serve as a strategic advisor to the Company.

Kelly Announces Chief Financial Officer Transition

TROY, Mich., Sept. 10, 2024 (GLOBE NEWSWIRE) -- KellyOCG, the outsourcing and consulting group of Kelly (Nasdaq: KELYA, KELYB), has partnered with Brightfield to provide clients with real-time contingent labor insights via its industry-leading Kelly Helix technology platform.

KellyOCG Partners with Brightfield to Offer Clients Real-time Labor Insights

HireQuest Inc

RCM Technologies

The economic downturn in the manufacturing sector is casting a shadow over the Zacks Staffing Firms industry. HQI, KELYA and RCMT are likely to be the frontrunners, riding on strong service activities, the rising adoption of remote work and growing technology adoption.

Here are 3 Staffing Stocks to Consider Despite Industry Woes

Robert Half Int.

Investors with an interest in Staffing Firms stocks have likely encountered both Kelly Services (KELYA) and Robert Half (RHI). But which of these two stocks offers value investors a better bang for their buck right now?

KELYA or RHI: Which Is the Better Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Kelly Services (KELYA) Right Now?

Kelly Services, Inc. (KELYB) Q2 2024 Earnings Call Transcript

Kelly Services, Inc. (NASDAQ:KELYA ) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Peter Quigley - President and CEO Olivier Thirot - Chief Financial Officer Conference Call Participants Kartik Mehta - Northcoast Research Kevin Steinke - Barrington Research Josh Zoepfel - Noble Capital Markets Marc Riddick - Sidoti Operator Good morning. And welcome to Kelly Services' Second Quarter Earnings Conference Call.

Kelly Services, Inc. (KELYA) Q2 2024 Earnings Call Transcript

Kelly Services (KELYA) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.36 per share a year ago.

Kelly Services (KELYA) Q2 Earnings and Revenues Beat Estimates

TROY, Mich. , Aug. 08, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the second quarter of 2024.

Kelly Reports Second-Quarter 2024 Earnings

TROY, Mo.--(BUSINESS WIRE)--Today, Kelly Education, the nation's leading provider of education workforce solutions, announced that it is approved as a vendor by the Missouri Department of Elementary and Secondary Education (DESE) to provide substitute teacher training. To qualify for a substitute certificate, the State of Missouri requires that individuals with less than 36 hours of college credits complete a state-approved course. As one of only three approved vendors in the state, this design.

State of Missouri Approves Kelly Education to Provide Substitute Teacher Certificate Training

TROY, Mich., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced it will participate in the Sidoti Virtual Investor Conference on Wednesday, August 14, 2024.

Kelly to Participate in the Sidoti Virtual Investor Conference

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Investors interested in Staffing Firms stocks are likely familiar with Kelly Services (KELYA) and Robert Half (RHI). But which of these two companies is the best option for those looking for undervalued stocks?

KELYA vs. RHI: Which Stock Is the Better Value Option?

TROY, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Kelly , a leading global specialty talent solutions provider, will release its second-quarter earnings before the market opens on Thursday, August 8, 2024. In conjunction with its second-quarter earnings release, Kelly will publish a financial presentation on the Investor Relations page of its public website and will host a conference call at 9 a.m. ET.

Kelly Announces Second-Quarter 2024 Conference Call

The average of price targets set by Wall Street analysts indicates a potential upside of 27.6% in Kelly Services (KELYA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 27.56% Upside in Kelly Services (KELYA): Can the Stock Really Move This High?

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.

News for Kelly Services Stock (KELYA)