UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-1088 KELLY SERVICES, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) ----------------------- ...

ecl We've made It' a priority. ്ല്യം EquityAtWork.com Kelly Nasdaq Q2 2022 August 11, 2022 SAFE HARBOR STATEMENT This release contains statements that are forward looking innature and, accordingly, are subject to risksand uncertainties. The principal important riskfactors that could cause our actual performance and future events and actions to differmaterially from such forward- lookingstatements include, but are not limited to, changing market and economic conditions, the impact ofthe novel coronavirus (CO ...

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]. Today's cal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-1088 KELLY SERVICES, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-1088 KELLY SERVICES, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Kelly Services, Inc. (NASDAQ:KELYA) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants Peter Quigley - President & CEO Olivier Thirot - CFO Conference Call Participants Kevin Steinke - Barrington Research Joe Gomes - NOBLE Capital 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. Today's call is being recorded at the request of Kelly Services. I ...

FIRST QUARTER 2022 Proof that you can be 75 years old and still change the world every d Kelly Nasdaq May 12, 2022 Kelly. Kelly. SAFE HARBOR STATEMENT This release contains statements that are forward looking in nature and, accordingly, are subject to risks and ncertainties. The principal important risk factors that could cause our actual performance and future events and actions to differ materially from such forward–looking statements include, but are not limited to, changing market nd economic conditions ...

NobleCon18 Investor Presentation Kelly ril 2022 | Hollywood, FL Kelly. NON-GAAP MEASURES Management believes that the non-GAAP (Generally Accepted Accounting Principles) information excluding the 2020 goodwill impairment charge, the 2021 and 2020 gains and losses on the investment in Persol Holdings, the 2020 gain on sale of assets, the 2020 customer dispute, the 2021 and 2020 restructuring charges and the 2021 gain on insurance settlement are useful to understand the Company's fiscal 2021 financial perform ...

Revenue and Profitability - Revenue from services for 2021 increased by 8.7% to $4,909.7 million compared to $4,516.0 million in 2020, with a 7.8% increase on a constant currency basis [146]. - Gross profit for 2021 was $919.2 million, reflecting an 11.1% increase from $827.6 million in 2020 [145]. - The acquisition of Softworld contributed approximately 220 basis points to the revenue growth rate in 2021 [146]. - Permanent placement income surged by 89.7% compared to 2020, indicating strong demand for staffing services [146]. - The company reported net earnings of $156.1 million in 2021, a significant recovery from a net loss of $72.0 million in 2020 [145]. - Gross profit increased by 11.1% due to higher revenue volume and an improved gross profit rate, which rose by 40 basis points compared to 2020 [147]. - Consolidated total gross profit increased by 11.1% from $827.6 million in 2020 to $919.2 million in 2021 [184]. - Science, Engineering & Technology revenue increased by 13.5% in 2021, including contributions from the acquisition of Softworld, with organic growth at 3.9% [173]. - Education revenue surged by 45.2% in 2021, reflecting a return to in-school instruction after COVID-19 disruptions [174]. - International revenue increased by 8.0% in 2021, with a 4.9% increase on a constant currency basis, excluding the impact of the sale of staffing operations in Brazil [176]. Expenses and Cost Management - Total SG&A expenses increased by 8.1% year-over-year, with expenses related to the acquisition of Softworld contributing approximately 350 basis points to this increase [148]. - Total SG&A expenses for 2021 included $4.0 million in restructuring charges aimed at improving operational efficiencies [150]. - The gross profit rate for the Professional & Industrial segment decreased by 90 basis points to 16.9% in 2021, attributed to lower revenue volume and increased costs [185]. - SG&A expenses in Science, Engineering & Technology increased by 34.1% to $180.2 million, influenced by higher headcount and performance-based compensation [198]. - Education segment SG&A expenses rose by 21.1% to $62.1 million, primarily due to higher salary and incentives expenses [199]. - International SG&A expenses increased by 2.9% to $138.9 million, driven by higher performance-based compensation and salary-related expenses [201]. - Corporate expenses decreased slightly by $0.1 million to $88.1 million, reflecting lower non-restructuring severance costs [202]. Segment Performance - Professional & Industrial reported earnings of $31.4 million in 2021, a 24.4% decrease from 2020, primarily due to increased service costs and the impact of government wage subsidies received in 2020 [212]. - Science, Engineering & Technology reported earnings of $73.7 million, a 1.7% decrease from 2020, attributed to higher performance-based compensation and salary expenses, partially offset by earnings from the acquisition of Softworld [213]. - Education segment improved to earnings of $3.0 million in 2021 from a loss of $9.0 million in 2020, driven by increased demand for services as schools returned to in-person instruction [214]. - Outsourcing & Consulting saw earnings rise to $18.7 million, a 62.7% increase from 2020, due to higher revenue volumes [215]. - International segment reported earnings of $9.9 million, recovering from a loss of $8.9 million in 2020, mainly due to improved revenue in Europe and favorable comparisons to prior restructuring charges [215]. Cash Flow and Working Capital - Cash, cash equivalents, and restricted cash totaled $119.5 million at year-end 2021, down from $228.1 million at year-end 2020 [226]. - Net cash from operating activities was $85.0 million in 2021, a decrease from $186.0 million in 2020, impacted by the repayment of payroll tax deferrals [227]. - Trade accounts receivable increased to $1.4 billion at year-end 2021 from $1.3 billion at year-end 2020, with global Days Sales Outstanding (DSO) improving to 60 days in 2021 from 64 days in 2020 [228]. - Total working capital position was $493.5 million at year-end 2021, a decrease of $130.5 million from year-end 2020 [229]. - The company expects working capital requirements to increase in the coming quarters, particularly due to a deferred payroll tax balance of $57.6 million due on January 3, 2023 [243]. Debt and Financial Position - At year-end 2021, the company had $200.0 million of available capacity on its revolving credit facility and $97.0 million on its securitization facility, with no short-term borrowings on the latter [241]. - The company has met all debt covenants related to its revolving credit and securitization facilities as of year-end 2021 [241]. - The company recorded a goodwill impairment charge of $147.7 million in the first quarter of 2020 due to a decline in market capitalization [264]. - Total goodwill at year-end 2021 amounted to $114.8 million, significantly up from $3.5 million at year-end 2020 [266]. Risk Factors - The company is exposed to foreign currency risk primarily related to its foreign subsidiaries, impacting the U.S. dollar value of reported earnings and investments [273]. - The company faces risks from competitive market pressures, including pricing and technology disruptions, which could impact future performance [272]. - Actual results may differ materially from forward-looking statements due to various risk factors, including economic conditions and regulatory changes [272].

FOURTH QUARTER AND FULL YEAR 2021 Kelly 14, 2022 Kelly. SAFE HARBOR STATEMENT Kelly. This release contains statements that are forward looking in nature and, accordingly, are subject to risks and ncertainties. The principal important risk factors that could cause our actual performance and future events and actions to differ materially from such forward–looking statements include, but are not limited to, changing market nd economic conditions, the impact of the novel coronavirus (COVID-19) outbreak, competi ...