RPO leader recognized for transformative collaboration with leading healthcare enterpriseTROY, Mich., July 16, 2025 (GLOBE NEWSWIRE) -- KellyOCG® + Sevenstep, the permanent hiring solutions business of leading specialty talent solutions provider Kelly (Nasdaq: KELYA, KELYB), was recognized at the 2025 TIARA Talent Solutions Awards - US with the Morton Long-Term Partnership Award. The TIARA Talent Awards - US, presented by TALiNT Partners, celebrate the best recruitment process outsourcing (RPO), managed ser ...

Core Insights - The article highlights Paul Franke's extensive experience in stock picking and investment strategies, emphasizing his contrarian approach and the development of a system called "Victory Formation" for identifying stocks based on supply/demand imbalances [1] Group 1: Investment Strategy - Paul Franke's investment philosophy includes using a diversified approach by owning at least 50 well-positioned stocks to achieve regular outperformance in the stock market [1] - The "Bottom Fishing Club" articles focus on identifying deep value stocks or those showing significant positive technical momentum reversals [1] - The "Volume Breakout Report" articles analyze positive trend changes supported by strong price and volume trading activity [1] Group 2: Performance and Recognition - Franke has been recognized as a top investment advisor nationally during the 1990s and ranked 1 in the Motley Fool® CAPS stock picking contest in 2008 and 2009 among over 60,000 portfolios [1] - As of June 2025, he was ranked in the Top 4% of bloggers by TipRanks® for 12-month stock picking performance based on suggestions made over the last decade [1]

Kelly’s permanent hiring solutions business recognized for breadth of solutions, strong technology stackTROY, Mich., July 02, 2025 (GLOBE NEWSWIRE) -- KellyOCG® + Sevenstep, the permanent hiring solutions business of leading specialty talent solutions provider Kelly (Nasdaq: KELYA, KELYB), has been named a Leader and Star Performer on Everest Group’s 2025 Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment – Global. The recognition comes just months after the formal integration of KellyOC ...

TROY, Mich., May 22, 2025 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced the Company will participate in two investor conferences in June. Kelly will present at the Baird 2025 Global Consumer, Technology & Services Conference in New York City on Tuesday, June 3, 2025, at 8:30 a.m. ET. Peter Quigley, president and chief executive officer, Troy Anderson, executive vice president and chief financial officer, and Scott Thomas, head of inve ...

Core Insights - KellyOCG has recognized its top-performing suppliers globally with the 12th annual Kelly Supplier Excellence Awards, highlighting the importance of exceptional workforce solutions during economic uncertainty [1][2] - The Supplier Excellence Award winners represent less than 1% of KellyOCG's total supply chain, which includes 5,400 active partnerships worldwide [2] Supplier Recognition - The 2024 Supplier Excellence Awards winners include 11 suppliers, with US Tech Solutions also receiving the Innovative Partner Award for its exceptional innovation in technology [3][7] - US Tech Solutions collaborated with KellyOCG to develop the Direct Sourcing 360 product, utilizing its HireHQ platform [3][4] Company Overview - KellyOCG connects companies with talent through a global talent supply chain and leading workforce solutions, including Managed Service Provider (MSP) and Recruitment Process Outsourcing (RPO) [5] - The company emphasizes its ability to anticipate future talent solutions and its commitment to challenging the status quo, making it a trusted partner across various industries [5]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited).) Unaudited Q1 2025 financials show decreased net earnings to **$5.8 million**, positive operating cash flow, and segment reorganization Consolidated Statements of Earnings Highlights (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (in millions) | Q1 2024 (in millions) | Change | | :--- | :--- | :--- | :--- | | Revenue from services | $1,164.9 | $1,045.1 | +11.5% | | Gross profit | $236.5 | $205.7 | +15.0% | | Earnings from operations | $10.8 | $26.8 | -59.7% | | Net earnings | $5.8 | $25.8 | -77.5% | | Diluted earnings per share | $0.16 | $0.70 | -77.1% | Consolidated Balance Sheet Highlights (As of March 30, 2025) | Metric | March 30, 2025 (in millions) | December 29, 2024 (in millions) | | :--- | :--- | :--- | | Total current assets | $1,351.0 | $1,365.5 | | Total Assets | $2,594.9 | $2,632.3 | | Total current liabilities | $822.9 | $826.5 | | Total Liabilities | $1,354.4 | $1,397.7 | | Total stockholders' equity | $1,240.5 | $1,234.6 | Consolidated Statements of Cash Flows Highlights (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (in millions) | Q1 2024 (in millions) | | :--- | :--- | :--- | | Net cash from (used in) operating activities | $23.9 | $(25.5) | | Net cash from investing activities | $3.2 | $72.1 | | Net cash used in financing activities | $(39.5) | $(4.7) | | Net change in cash | $(11.1) | $41.3 | - In Q1 2025, the company changed its reportable segments to **Enterprise Talent Management (ETM)**, **Science, Engineering & Technology (SET)**, and **Education**[31](index=31&type=chunk)[33](index=33&type=chunk)[107](index=107&type=chunk) - The ETM segment combines the former Professional & Industrial (P&I) and Outsourcing & Consulting Group (OCG) segments, along with certain customers from SET and the newly integrated Sevenstep business[31](index=31&type=chunk)[33](index=33&type=chunk)[107](index=107&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses Q1 2025 results, noting acquisition-driven revenue growth, lower earnings, and stable financial condition [Executive Overview](index=28&type=section&id=Executive%20Overview) Q1 2025 strategic focus includes organic growth, operational streamlining, margin expansion, and MRP integration - Strategic priorities for 2025 include delivering organic growth, realizing efficiencies through a streamlined operating model, and driving incremental margin expansion[121](index=121&type=chunk) - In Q1 2025, the company combined its P&I and OCG segments into the new **Enterprise Talent Management (ETM)** segment and moved MRP's Sevenstep business into ETM to create a more streamlined go-to-market approach[122](index=122&type=chunk) - The company initiated plans to modernize the SET segment's systems by leveraging MRP's technology stack to create a scalable and efficient platform[123](index=123&type=chunk) - Targeted cost-reduction actions were implemented to deliver structural improvements and align resources with demand, underscoring a commitment to long-term profitability[124](index=124&type=chunk) [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Q1 2025 revenue grew **11.5%** to **$1.16 billion** from MRP acquisition, with earnings from operations declining **59.8%** Total Company Performance (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (in millions) | Q1 2024 (in millions) | % Change | | :--- | :--- | :--- | :--- | | Revenue from services | $1,164.9 | $1,045.1 | 11.5% | | Gross profit | $236.5 | $205.7 | 15.0% | | Earnings from operations | $10.8 | $26.8 | (59.8)% | | Net earnings | $5.8 | $25.8 | (77.7)% | - The **11.5%** revenue increase was primarily driven by the May 2024 acquisition of MRP; excluding this impact, revenue was flat year-over-year[132](index=132&type=chunk) - SG&A expenses in Q1 2025 included **$10.7 million** of integration and realignment costs related to integrating MRP and other acquisitions, and consolidating operating segments[134](index=134&type=chunk) Segment Revenue Performance (Q1 2025 vs Q1 2024) | Segment | Q1 2025 Revenue (in millions) | Q1 2024 Revenue (in millions) | % Change | | :--- | :--- | :--- | :--- | | Enterprise Talent Management | $534.0 | $524.1 | 1.9% | | Science, Engineering & Technology | $322.4 | $231.6 | 39.2% | | Education | $309.0 | $289.9 | 6.6% | [Financial Condition](index=35&type=section&id=Financial%20Condition) Financial condition remains solid with **$23.9 million** positive operating cash flow and improved debt-to-total capital ratio - Generated **$23.9 million** of net cash from operating activities in Q1 2025, compared to using **$25.5 million** in Q1 2024, due to decreased working capital requirements[162](index=162&type=chunk) - Global Days Sales Outstanding (DSO) was **61 days** at the end of Q1 2025, up from **59 days** at year-end 2024[162](index=162&type=chunk) - Financing activities used **$39.5 million** in cash, primarily due to net debt repayments of **$34.8 million** on credit facilities[165](index=165&type=chunk) - The debt-to-total capital ratio decreased from **16.2%** at year-end 2024 to **14.2%** at the end of Q1 2025[166](index=166&type=chunk) - As of Q1 2025, the company had **$120.0 million** available on its revolving credit facility and **$32.8 million** on its securitization facility[175](index=175&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) Market risk profile unchanged from year-end 2024, with foreign currency and interest rate risks partially mitigated - There have been no significant changes to market risk exposure management since year-end 2024[183](index=183&type=chunk) - The company is exposed to interest rate risk through its credit facilities, partially mitigated by two interest rate swaps entered into in July 2024, which lock in the SOFR rate for a portion of the debt on the Securitization Facility[185](index=185&type=chunk) [Item 4. Controls and Procedures](index=39&type=section&id=Item%204.%20Controls%20and%20Procedures.) Disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - The CEO and CFO have concluded that the company's disclosure controls and procedures are effective at a reasonable assurance level as of the end of Q1 2025[187](index=187&type=chunk) - No changes occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[188](index=188&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings.) The company is involved in ordinary course litigation, with no material adverse effects expected from current proceedings - The company is continuously engaged in litigation arising in the ordinary course of business and records accruals for probable losses[190](index=190&type=chunk) - A specific proceeding by the Hungarian Competition Authority involves a potential secondary liability of approximately **$300,000**, for which the company has indemnified the buyer of its former Hungarian operations, and does not believe the resolution will have a material adverse effect[192](index=192&type=chunk) [Item 1A. Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors.) No material changes in the company's risk factors were reported compared to the 2024 Annual Report - No material changes in risk factors were reported compared to the 2024 Form 10-K[193](index=193&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=41&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) No unregistered equity sales in Q1 2025; **$40.0 million** remains available under the share repurchase program - In Q1 2025, the company reacquired **127,046 shares**, primarily to cover employee tax withholdings on vested restricted stock[194](index=194&type=chunk) - A **$50.0 million** Class A share repurchase program was approved in November 2024, with **$40.0 million** remaining available as of the end of Q1 2025[87](index=87&type=chunk)[194](index=194&type=chunk) [Item 3. Defaults Upon Senior Securities](index=41&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) Not applicable [Item 4. Mine Safety Disclosures](index=41&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) Not applicable [Item 5. Other Information](index=41&type=section&id=Item%205.%20Other%20Information.) No directors or executive officers adopted, modified, or terminated Rule 10b5-1 trading plans in Q1 2025 - No directors or executive officers adopted, modified, or terminated any Rule 10b5-1 trading plans during Q1 2025[197](index=197&type=chunk) [Item 6. Exhibits](index=42&type=section&id=Item%206.%20Exhibits.) This section lists exhibits filed with the Form 10-Q, including certifications and XBRL data files

Kelly Services (KELYA) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -26.42%. A quarter ago, it was expected that this staffing company would post earnings of $0.44 per share when it actually produced earnings of $0.82, delivering a surprise of 86.36%.Over the last four quarters, th ...

[Q1 2025 Earnings Overview](index=1&type=section&id=First-Quarter%202025%20Earnings) Kelly reported first-quarter 2025 revenue of **$1.16 billion**, an 11.5% increase year-over-year, primarily driven by the acquisition of Motion Recruitment Partners (MRP) Q1 2025 Financial Highlights (vs. Q1 2024) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $1.16B | $1.05B | +11.5% | | Organic Revenue Growth | +0.2% | N/A | N/A | | Operating Earnings | $10.8M | $26.8M | -59.8% | | Adjusted Operating Earnings | $22.1M | $23.1M | -4.3% | | Adjusted EBITDA | $34.9M | $33.3M | +4.8% | | Adjusted EBITDA Margin | 3.0% | 3.2% | -20 bps | | Diluted EPS | $0.16 | $0.70 | -77.1% | | Adjusted EPS | $0.39 | $0.56 | -30.4% | - Revenue growth was primarily driven by the May 2024 acquisition of Motion Recruitment Partners, LLC (MRP) while organic growth of **0.2%** was achieved despite a **0.8% decline** from reduced demand for U.S. federal government contractors, offset by **6.3% growth** in the Education segment[6](index=6&type=chunk) - The company expects Q2 2025 year-over-year revenue growth of **6.0% to 7.0%**, with an anticipated adjusted EBITDA margin decline of **20 to 30 bps**, though margin expansion is expected in Q3, Q4, and for the full year[5](index=5&type=chunk) - The Board of Directors declared a quarterly dividend of **$0.075 per share**, payable on June 3, 2025, to stockholders of record as of May 19, 2025[7](index=7&type=chunk) [Consolidated Financial Statements](index=3&type=section&id=CONSOLIDATED%20FINANCIAL%20STATEMENTS) This section provides a detailed overview of the company's financial position, performance, and cash flows for the reported period [Consolidated Statements of Earnings](index=3&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20EARNINGS) In Q1 2025, revenue increased by **11.5%** to **$1.16 billion**, and gross profit grew by **15.0%** to **$236.5 million** compared to Q1 2024 Q1 2025 vs. Q1 2024 Statement of Earnings (in millions) | Account | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenue from services | $1,164.9 | $1,045.1 | 11.5% | | Gross profit | $236.5 | $205.7 | 15.0% | | SG&A expenses | $225.7 | $190.5 | 18.5% | | Earnings from operations | $10.8 | $26.8 | -59.8% | | Net earnings | $5.8 | $25.8 | -77.7% | | Diluted earnings per share | $0.16 | $0.70 | -77.1% | [Consolidated Balance Sheets](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of March 30, 2025, total assets stood at **$2.59 billion**, reflecting the impact of the MRP acquisition, with Goodwill increasing to **$304.1 million** and long-term debt at **$204.6 million** Key Balance Sheet Items (in millions) | Account | Mar 30, 2025 | Dec 29, 2024 | Mar 31, 2024 | | :--- | :--- | :--- | :--- | | Cash and equivalents | $28.2 | $39.0 | $200.7 | | Total current assets | $1,351.0 | $1,365.5 | $1,436.8 | | Goodwill | $304.1 | $304.2 | $151.1 | | Total Assets | $2,594.9 | $2,632.3 | $2,395.4 | | Long-term debt | $204.6 | $239.4 | $0.0 | | Total liabilities | $1,354.4 | $1,397.7 | $1,118.6 | | Total stockholders' equity | $1,240.5 | $1,234.6 | $1,276.8 | Financial Ratios | Ratio | Mar 30, 2025 | Mar 31, 2024 | | :--- | :--- | :--- | | Current Ratio | 1.6 | 1.8 | | Debt-to-capital % | 14.2% | 0.0% | [Consolidated Statements of Cash Flows](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the first quarter of 2025, Kelly generated **$23.9 million** in cash from operating activities, a significant turnaround from a **$25.5 million** use of cash in the same period last year Cash Flow Summary (in millions) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash from (used in) operating activities | $23.9 | $(25.5) | | Net cash from investing activities | $3.2 | $72.1 | | Net cash used in financing activities | $(39.5) | $(4.7) | | Net change in cash | $(11.1) | $41.3 | - Year-to-date free cash flow improved significantly to **$21.4 million** in Q1 2025 from an outflow of **$29.2 million** in Q1 2024[18](index=18&type=chunk)[32](index=32&type=chunk) [Segment and Revenue Analysis](index=4&type=section&id=SEGMENT%20AND%20REVENUE%20ANALYSIS) This section details the company's revenue performance across different business segments and geographical regions [Segment Information](index=4&type=section&id=SEGMENT%20INFORMATION) The Science, Engineering & Technology (SET) segment's revenue grew **39.2%** YoY to **$322.4 million**, largely due to acquisitions, while the Education segment continued its steady growth, with revenue up **6.6%** to **$309.0 million** Q1 2025 Segment Performance (in millions) | Segment | Revenue | Revenue % Change | Business Unit Profit | Profit % Change | | :--- | :--- | :--- | :--- | :--- | | Enterprise Talent Management | $534.0 | 1.9% | $6.8 | -15.4% | | Science, Engineering & Technology | $322.4 | 39.2% | $13.4 | -5.8% | | Education | $309.0 | 6.6% | $19.3 | 6.2% | [Revenue from Services by Service Type](index=8&type=section&id=REVENUE%20FROM%20SERVICES%20BY%20SERVICE%20TYPE) In Q1 2025, traditional Staffing Services constituted the largest portion of revenue at **$793.5 million**, with growth also seen in Outcome-based Services and Talent Solutions Q1 Revenue by Service Type (in millions) | Service Type | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Staffing Services | $793.5 | $714.7 | | Outcome-based Services | $242.6 | $218.2 | | Talent Solutions | $117.8 | $104.7 | | Permanent Placement | $11.5 | $8.0 | | **Total Segment Revenue** | **$1,165.4** | **$1,045.6** | [Revenue from Services by Geography](index=9&type=section&id=REVENUE%20FROM%20SERVICES%20BY%20GEOGRAPHY) The Americas region drove the company's growth, with revenue increasing **11.4%** to **$1.14 billion** in Q1 2025, primarily led by the United States market, which grew by **13.2%** Q1 Revenue by Geography (in millions) | Region | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | United States | $1,056.6 | $933.6 | 13.2% | | Total Americas Region | $1,139.9 | $1,022.8 | 11.4% | | Total Europe Region | $9.6 | $10.8 | -11.0% | | Total Asia-Pacific Region | $15.4 | $11.5 | 34.3% | | **Total Kelly Services, Inc.** | **$1,164.9** | **$1,045.1** | **11.5%** | [Reconciliation of Non-GAAP Measures](index=10&type=section&id=RECONCILIATION%20OF%20NON-GAAP%20MEASURES) The company provided detailed reconciliations of GAAP to non-GAAP financial measures to exclude items such as integration costs, transaction costs, and a prior-year gain on sale, aiming to improve comparability - Management believes non-GAAP measures are useful for understanding financial performance and comparability by removing the impact of items like integration costs (**$10.7 million**), transaction costs, and prior-period gains[34](index=34&type=chunk) Reconciliation of GAAP to Adjusted Net Earnings and EPS (Q1 2025) | Metric | As Reported (GAAP) | Adjustments | Adjusted (Non-GAAP) | | :--- | :--- | :--- | :--- | | Net Earnings | $5.8M | $8.5M | $14.3M | | Diluted EPS | $0.16 | $0.24 | $0.39 | Reconciliation of Net Earnings to Adjusted EBITDA (in millions) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net earnings (GAAP) | $5.8 | $25.8 | | EBITDA | $23.5 | $38.2 | | Adjustments | $11.4 | $(5.0) | | **Adjusted EBITDA** | **$34.9** | **$33.3** | | **Adjusted EBITDA Margin** | **3.0%** | **3.2%** | - Q1 2025 integration and realignment costs totaled **$10.7 million**, primarily consisting of **$5.3 million** in IT-related charges and **$4.4 million** in severance[37](index=37&type=chunk)

Core Insights - Kelly Services reported organic revenue growth in Q1 2025 that met expectations and outperformed the market, driven by strength in the Education sector and demand for higher-margin solutions in semiconductor and renewables [2][8] - The company is focused on efficiency and effectiveness to navigate the evolving macroeconomic environment and is positioned to capitalize on demand rebounds [2] Financial Performance - Q1 2025 revenue reached $1.16 billion, an increase of 11.5% year-over-year, primarily due to the acquisition of Motion Recruitment Partners, LLC, with organic growth at 0.2% [8][9] - Operating earnings for Q1 were $10.8 million, down from $26.8 million in the same period last year, while adjusted earnings were $22.1 million, a slight decrease from $23.1 million [9][12] - Adjusted EBITDA for Q1 was $34.9 million, up 4.8% year-over-year, with an adjusted EBITDA margin of 3.0%, down 20 basis points [8][9] Segment Performance - The Education segment saw a revenue increase of 6.3%, contributing to overall growth, while the Science, Engineering & Technology segment experienced a 39.2% revenue increase [9][19] - Enterprise Talent Management revenue was $534.0 million, with a gross profit of $108.0 million, while the Science, Engineering & Technology segment generated $322.4 million in revenue [19][27] Cash Dividend - The board of directors declared a quarterly cash dividend of $0.075 per share, payable on June 3, 2025, to stockholders of record as of May 19, 2025 [5] Future Outlook - The company anticipates year-over-year revenue growth of 6.0% to 7.0% in Q2 2025, with expected adjusted EBITDA margin decline of 20 to 30 basis points, but anticipates margin expansion in Q3 and Q4 [8][9]

Core Insights - Kelly Education honors substitute educators and support staff during Teacher Appreciation Week, recognizing their significant contributions to students and communities [2][16] - The annual Educator of the Year Award highlights individuals who demonstrate passion and commitment to education, with winners receiving a $5,000 bonus and $1,500 for a school of their choice [3][16] Award Recipients - Irvin Sutton, a K-12 substitute teacher from Baltimore, Maryland, has made a notable impact on students, even being invited to speak at a graduation ceremony [4] - Jordyn Solomon, a paraeducator from New Jersey, emphasizes the importance of personal connections and self-care in her teaching approach [8][10] - Gulzar Pabani, an early childhood substitute educator from Orlando, Florida, values collaboration with parents and colleagues, highlighting the lasting impact of small contributions [11][13] - ShiAnn Santiago, a tutor from New Jersey, focuses on creativity and resilience in her tutoring methods, encouraging new tutors to be proactive and understand their students' needs [14][16] Company Overview - Kelly Education provides customized workforce solutions across the education sector, including hiring, professional development, and academic support [17] - The company is part of Kelly, a global workforce solutions provider, connecting individuals and businesses with opportunities through meaningful work [18]