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.

Transformational acquisition strengthens scale and capabilities of Kelly's staffing and consulting solutions across technology, telecommunications, and government specialties in North America, and recruitment process outsourcing (RPO) solutions globally Provides Motion Recruitment Partners and its leading brands with a highly invested partner to enable continued growth Demonstrates Kelly's commitment to rapidly redeploying capital and leveraging its strong balance sheet in pursuit of inorganic investments in higher-margin, higher-growth specialties TROY, Mich., May 03, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB) (“the Company”), a leading global specialty talent solutions provider, has entered into a definitive agreement to acquire Motion Recruitment Partners, LLC (“MRP”), from Littlejohn & Co., LLC (“Littlejohn”), a private investment firm based in Greenwich, Connecticut.

Kelly Enters Agreement to Acquire Specialty Talent Solutions Company, Motion Recruitment Partners, LLC

KellyOCG and Upwork have formed a partnership that enables clients to source skilled independent professionals on Upwork through Kelly's Human Cloud.

KellyOCG Partners with Upwork Enterprise to Grow its Human Cloud Solution

TROY, Mich., April 24, 2024 (GLOBE NEWSWIRE) -- Kelly, a leading global specialty talent solutions provider, will release its first-quarter earnings before the market opens on Thursday, May 9, 2024. In conjunction with its first-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 First-Quarter 2024 Conference Call

TROY, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- KellyOCG, the outsourcing and consulting group of Kelly (Nasdaq: KELYA, KELYB), has earned recognition as a Partner-level supplier for 2023 in the John Deere Achieving Excellence Program.

KellyOCG Earns Recognition as a John Deere “Partner-level Supplier”

Kelly Services Inc. (KELYA) Q4 2023 Earnings Call Transcript

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.

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

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

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

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

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.

News for Kelly Services Stock (KELYB)