TROY, Mich., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced the Company will participate in the following upcoming investor conferences: Midwest IDEAS Conference in Chicago on August 26, 2025 Management is scheduled to present at 8:35 a.m. CT and will participate in one-on-one meetings with investors throughout the day. Gateway Conference in San Francisco on September 3, 2025 Management is scheduled to present at 1:00 p. ...

Positioning reflects exceptional year-over-year growth in vision, investments and industry impact Everest Group 2025 US IT Contingent Talent & Strategic Solutions PEAK Matrix® Kelly + Motion Recruitment has been selected as both an IT Leader and Star Performer on Everest Group’s 2025 US Contingent Staffing PEAK Matrix® Assessment. TROY, Mich., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Kelly + Motion Recruitment has been selected as both an IT Leader and Star Performer on Everest Group’s 2025 US Contingent Staffi ...

Recognition highlights year-over-year growth in market impact, vision and investments Everest Group US Engineering Contingent Talent and Strategic Solutions PEAK Matrix 2025 Kelly® Engineering, a division of leading specialty talent solutions provider Kelly, has been named a Star Performer and Leader on Everest Group’s 2025 US Contingent Staffing PEAK Matrix® Assessment. TROY, Mich., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Kelly® Engineering, a division of leading specialty talent solutions provider Kelly (Na ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements show a significant increase in quarterly net earnings to $19.0 million, while total assets decreased slightly to $2.51 billion due to debt reduction [Consolidated Statements of Earnings](index=4&type=section&id=Consolidated%20Statements%20of%20Earnings) Quarterly revenue grew to $1.10 billion, driving a substantial rise in net earnings to $19.0 million, boosted by a gain on the sale of EMEA staffing operations Quarterly Earnings Comparison | Financial Metric | 13 Weeks Ended June 29, 2025 | 13 Weeks Ended June 30, 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue from services** | $1,101.8 M | $1,057.5 M | +4.2% | | **Gross profit** | $225.5 M | $213.7 M | +5.5% | | **Earnings from operations** | $22.2 M | $12.2 M | +82.0% | | **Net earnings** | $19.0 M | $4.6 M | +313.0% | | **Diluted earnings per share** | $0.52 | $0.12 | +333.3% | Year-to-Date Earnings Comparison | Financial Metric | 26 Weeks Ended June 29, 2025 | 26 Weeks Ended June 30, 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue from services** | $2,266.7 M | $2,102.6 M | +7.8% | | **Earnings from operations** | $33.0 M | $39.0 M | -15.4% | | **Net earnings** | $24.8 M | $30.4 M | -18.4% | | **Diluted earnings per share** | $0.67 | $0.83 | -19.3% | [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) Total assets stood at $2.51 billion, down from $2.63 billion at year-end, primarily reflecting a significant reduction in long-term debt Key Balance Sheet Items | Balance Sheet Item | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | **Total current assets** | $1,253.1 M | $1,365.5 M | | **Total Assets** | $2,511.9 M | $2,632.3 M | | **Long-term debt** | $74.3 M | $239.4 M | | **Total current liabilities** | $826.7 M | $826.5 M | | **Total Liabilities** | $1,245.8 M | $1,397.7 M | | **Total stockholders' equity** | $1,266.1 M | $1,234.6 M | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities improved significantly to $119.3 million, while financing activities reflected substantial net payments on long-term debt Year-to-Date Cash Flow Summary | Cash Flow Activity (26 Weeks Ended) | June 29, 2025 | June 30, 2024 | | :--- | :--- | :--- | | **Net cash from operating activities** | $119.3 M | $32.2 M | | **Net cash from (used in) investing activities** | $24.7 M | $(353.1) M | | **Net cash (used in) from financing activities** | $(172.7) M | $201.6 M | | **Net change in cash** | $(21.1) M | $(122.0) M | - Key investing activities in YTD 2025 included **$21.8 million in proceeds from the sale of EMEA staffing operations** and **$6.4 million from the sale of the PersolKelly investment**, contrasting with a major acquisition outflow in YTD 2024[25](index=25&type=chunk) - Financing activities in YTD 2025 were characterized by **net debt payments**, whereas YTD 2024 saw **net debt proceeds** largely to fund the MRP acquisition[25](index=25&type=chunk) [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail a change in reportable segments, the finalization of acquisitions, proceeds from divestitures, and costs from new integration initiatives - In Q1 2025, the company changed its reportable segments to **Enterprise Talent Management (ETM)**, **Science, Engineering & Technology (SET)**, and **Education**[33](index=33&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) - The company acquired **Motion Recruitment Partners (MRP)** on May 31, 2024, for **$425.0 million** and **Children's Therapy Center (CTC)** on November 13, 2024, for **$3.3 million**[44](index=44&type=chunk)[45](index=45&type=chunk) - In Q2 2025, the company received final proceeds of **$21.8 million** related to the 2024 sale of its EMEA staffing operations, resulting in a **$4.0 million gain** for the quarter[49](index=49&type=chunk) - The company launched integration and realignment initiatives in 2025, incurring costs of **$16.8 million YTD**, primarily for IT-related charges and severance[68](index=68&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=32&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%20(MD%26A)) Revenue grew 4.2% to $1.1 billion driven by the MRP acquisition, while the company strengthened its balance sheet by significantly reducing its debt-to-total capital ratio [Executive Overview](index=33&type=section&id=Executive%20Overview) The company saw continued growth in Education and outcome-based offerings, tempered by demand reductions from large customers, with a key focus on integrating the MRP acquisition - The **Education segment** achieved another quarter of revenue growth with strong fill rates in K-12 staffing[130](index=130&type=chunk) - Results were negatively impacted by **demand reductions from certain large customers** and lower staffing volumes with the U.S. federal government[131](index=131&type=chunk) - The **integration of MRP** is well underway, with realignment of sales and recruiting teams and implementation of modernized front- and back-office systems[132](index=132&type=chunk) [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Total revenue increased 4.2% due to the MRP acquisition, which also helped improve the gross profit rate, though organic revenue declined 3.3% Segment Revenue (Q2 2025 vs Q2 2024) | Segment Revenue (Q2 2025 vs Q2 2024) | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Enterprise Talent Management (ETM) | $520.2 M | $541.2 M | (3.9)% | | Science, Engineering & Technology (SET) | $317.3 M | $265.7 M | 19.4% | | Education | $265.3 M | $251.1 M | 5.6% | - ETM's organic revenue decreased **5.1%** in Q2 due to lower hours volume at certain large customers[153](index=153&type=chunk) - SET's revenue growth was driven by the MRP acquisition; excluding the acquisition, revenue decreased **8.5%** due to declines in demand related to U.S. federal government contractors[154](index=154&type=chunk) Segment Business Unit Profit (Q2 2025 vs Q2 2024) | Segment Business Unit Profit (Q2 2025 vs Q2 2024) | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Enterprise Talent Management (ETM) | $11.1 M | $15.5 M | (28.5)% | | Science, Engineering & Technology (SET) | $19.3 M | $18.9 M | 2.1% | | Education | $13.6 M | $12.7 M | 7.1% | [Financial Condition and Liquidity](index=40&type=section&id=Financial%20Condition%20and%20Liquidity) The company's financial condition strengthened with robust operating cash flow of $119.3 million, enabling significant debt reduction and improved liquidity - Generated **$119.3 million of net cash from operating activities** in the first six months of 2025, compared to $32.2 million in the prior year period[188](index=188&type=chunk) - Global Days Sales Outstanding (DSO) was stable at **59 days** at the end of Q2 2025, consistent with year-end 2024[188](index=188&type=chunk) - The debt-to-total capital ratio decreased to **5.5%** at the end of Q2 2025 from **16.2%** at year-end 2024, reflecting significant debt paydown[192](index=192&type=chunk) Credit Facility Availability (as of Q2 2025) | Credit Facility Availability (as of Q2 2025) | Total Size | Available Capacity | | :--- | :--- | :--- | | Revolving Credit Facility | $150.0 M | $130.0 M | | Securitization Facility | $250.0 M | $153.1 M | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk profile, primarily related to foreign currency and interest rates, has not changed significantly, with mitigation strategies in place - The company is exposed to foreign currency risk from its foreign subsidiaries, but notes that a **natural hedge** exists as revenues and expenses are primarily in the same local currency[208](index=208&type=chunk) - To manage interest rate risk on its Securitization Facility, the company entered into two **$50.0 million interest rate swaps** in July 2024[209](index=209&type=chunk) [Item 4. Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Executive management concluded that disclosure controls and procedures were effective, and no material changes were made to internal controls during the quarter - The CEO and CFO have concluded that **disclosure controls and procedures are effective** at a reasonable assurance level[211](index=211&type=chunk) - **No changes occurred** during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting[212](index=212&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings that are not expected to have a material adverse effect on its financial condition - The company is engaged in **routine litigation and claims** related to its business operations[214](index=214&type=chunk) - Management does not expect the outcome of current legal proceedings to have a **material adverse effect** on the company[215](index=215&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=44&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased under the public program in Q2 2025, leaving $40.0 million available, though some shares were reacquired for employee tax purposes - A total of **$40.0 million remains available** under the Class A share repurchase program authorized in November 2024, which expires in December 2026[92](index=92&type=chunk)[216](index=216&type=chunk) - In Q2 2025, **9,221 shares were reacquired**, but these were to cover employee tax withholdings on vested restricted stock, not as part of the public repurchase program[216](index=216&type=chunk) [Item 5. Other Information](index=45&type=section&id=Item%205.%20Other%20Information) No directors or executive officers adopted, modified, or terminated any Rule 10b5-1 or other non-Rule 10b5-1 trading arrangements during the second quarter - **No directors or executive officers made changes** to their securities trading plans during the second quarter of 2025[217](index=217&type=chunk)

Kelly Services (KELYA) came out with quarterly earnings of $0.54 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this staffing company would post earnings of $0.53 per share when it actually produced earnings of $0.39, delivering a surprise of -26.42%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Kelly Services, whi ...

Exhibit 99.1 Kelly Reports Second-Quarter 2025 Earnings TROY, Mich. (August 7, 2025) – Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the second quarter of 2025. "In the second quarter, Kelly continued to drive growth in more resilient markets, including K-12 staffing in our Education business, telecom and engineering solutions in SET, and payroll process outsourcing in ETM. Across the business, particularly in areas where customers are taking a more ...

TROY, Mich., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced that Chris Layden has been selected to serve as president and chief executive officer, effective September 2, 2025. Layden will succeed Peter Quigley, who previously announced his intent to retire as president and chief executive officer. Quigley will remain as a strategic advisor to Kelly to ensure a smooth transition and will continue to serve as a member of th ...

Core Viewpoint - Kelly Services reported a mixed financial performance for Q2 2025, with revenue growth driven by acquisitions but organic revenue decline due to reduced demand in certain sectors [3][6][9]. Financial Performance - Q2 2025 revenue reached $1.1 billion, a 4.2% increase year-over-year, primarily due to the acquisition of Motion Recruitment Partners, LLC [3][9]. - On an organic basis, revenue decreased by 3.3%, with a notable decline in demand for U.S. federal government contractors [3][6]. - Operating earnings for Q2 2025 were $22.2 million, up from $12.2 million in Q2 2024, while adjusted earnings were $24.6 million compared to $28.1 million in the prior year [4][5][9]. - Adjusted EBITDA for Q2 2025 was $37.0 million, down 8.7% from the previous year, with an adjusted EBITDA margin of 3.4%, a decrease of 40 basis points [4][9]. Earnings Per Share - Earnings per share (EPS) for Q2 2025 were $0.52, significantly higher than $0.12 in Q2 2024. Adjusted EPS was $0.54, down from $0.71 year-over-year [5][9]. Year-to-Date Performance - For the 26-week period ending June 29, 2025, revenue totaled $2.3 billion, a 7.8% increase compared to the same period in 2024, again driven by the MRP acquisition [6][8]. - Year-to-date operating earnings were $33.0 million, down from $39.0 million in 2024, with adjusted earnings of $46.7 million compared to $51.2 million in the prior year [7][8]. Segment Performance - The Education segment showed growth of 5.6% in Q2 2025, while the Science, Engineering & Technology segment reported a 19.4% increase in revenue [21][22]. - The Enterprise Talent Management segment experienced a revenue decline of 3.9% in Q2 2025 compared to the previous year [21][22]. Dividend Declaration - The board of directors declared a quarterly cash dividend of $0.075 per share, payable on September 3, 2025 [11]. Leadership Transition - Kelly announced the appointment of Nick Zuhlke as the new Chief Accounting Officer, effective August 11, 2025, succeeding Laura Lockhart [13].

Core Insights - Kelly has achieved a unique recognition as the first company to be named both a Leader and Star Performer across all four Everest Group US Contingent Staffing PEAK Matrix Assessments, highlighting its market impact, vision, and capabilities in various talent solutions [1][6] Group 1: Recognition and Achievements - Kelly's President and CEO, Peter Quigley, expressed pride in the company's "clean sweep" of the 2025 US Contingent Staffing PEAK Matrix Assessments, attributing this success to the growth and quality of services post-acquisition of Motion Recruitment Partners [2][6] - The Everest Group's PEAK Matrix evaluates contingent staffing providers based on seven categories, including vision and strategy, delivery of output-based staffing solutions, and technology capabilities [2][3] Group 2: Business and Technology Advancements - Everest Group noted that Kelly has diversified its industry coverage and talent sourcing capabilities, making significant investments in managed services and enhancing its technology stack, including digital staffing capabilities like Kelly Now [3][4] - Kelly Engineering has been recognized for its strong vision in generative AI and analytics, achieving one of the highest organic revenue growth rates in advanced engineering roles [5][6] Group 3: Strategic Growth and Market Position - The combination of Kelly and Motion Recruitment has led to enhanced coverage across targeted industry verticals and significant market traction, with a strong vision for geographic expansion [4][6] - Kelly's investments in AI-driven tools and partnerships with intelligent sourcing platforms have elevated its position in the market, showcasing a robust vision for tech-led delivery [7] Group 4: Company Overview - Kelly Services, Inc. reported a revenue of $4.3 billion in 2024 and connects over 400,000 people with work annually across various industries, including science, engineering, technology, and finance [9]

TROY, Mich., July 24, 2025 (GLOBE NEWSWIRE) -- Kelly, a leading global specialty talent solutions provider, will release its second-quarter earnings before the market opens on Thursday, August 7, 2025. In conjunction with its earnings release, Kelly will publish a financial presentation and host a live webcast of a conference call with financial analysts at 9 a.m. ET on August 7 to review the results from the quarter and answer questions. The presentation and a link to the live webcast will be accessible th ...