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 September 29, 2024 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. --------------------------------------------------------------------- | --- | --- | --- | |------------------------------------------------------ ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -52.27%. A quarter ago, it was expected that this staffing company would post earnings of $0.53 per share when it actually produced earnings of $0.71, delivering a surprise of 33.96%.Over the last four quarters, th ...

Exhibit 99.1 Kelly Reports Third-Quarter 2024 Earnings • Following the sale of European staffing operations, Q3 revenue down 7.1% year-over-year; nearly flat on an organic basis • Q3 operating earnings of $2.6 million; $11.7 million on an adjusted basis, down 24.5% • Q3 adjusted EBITDA margin increased 20 basis points to 2.5% • Company expects sale of European staffing operations, acquisition of Motion Recruitment Partners, LLC ("MRP"), ongoing transformation actions to contribute to continued year-over-yea ...

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. The call may be accessed in one of the following ways: Via the internet:kellyservices.com Via the telephone:(8 ...

TROY, Mich., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Kelly Education, the nation's leading provider of education workforce solutions with over 10,000 school partners, and Elevate K-12, the largest LIVE virtual teaching company, which has taught over 350,000 students, announced a strategic partnership aimed at supporting the continuity of learning during the persistent teacher and support staff vacancy crisis. This collaboration combines the strengths of Kelly Education's extensive network of highly qualified clas ...

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 Compan ...

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. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...

Kelly Q2 2024 August 8, 2024 © 2024 Kelly Services, Inc. All rights reserved. Kelly. Presentation Disclosures @ 2024 Kelly Services, Inc. All rights reserved. 2 Non-GAAP Measures Management believes that the non-GAAP (Generally Accepted Accounting Principles) information excluding the 2024 loss on the sale of our EMEA staffing operations, the 2024 gain on sale of assets, the 2024 restructuring charges, the 2024 transaction costs, the 2024 asset impairment charge, the 2023 restructuring charges and the 2023 ...

Financial Data and Key Metrics - Revenue for Q2 2024 totaled $1.06 billion, down 13.1% YoY, primarily due to the sale of the European staffing business, partially offset by the acquisition of MRP [6] - On an organic basis, YoY revenue improved 0.6%, reflecting strong growth in Education and stabilization in other businesses [7] - Adjusted EBITDA margin improved 180 basis points to 3.8%, driven by transformation efforts and the MRP acquisition [14] - Adjusted EPS for Q2 2024 was $0.71, nearly doubling from $0.36 in Q2 2023 [15] - Free cash flow for the quarter was $55 million, up from $32 million in the prior year period [16] Business Segment Performance - Education segment revenue grew 22% YoY, driven by new customer wins and increased demand [7] - SET segment revenue was up 10% on a reported basis but down 3% organically, with stable sequential trends [7] - OCG segment revenue improved 3%, driven by PPO specialty growth, while RPO and MSP revenues declined YoY [8] - Professional & Industrial segment revenue declined 9% YoY but stabilized sequentially [8] Market Performance - The company saw stabilization in demand across most businesses, with positive signs in Technology & Life Sciences [3] - The acquisition of MRP strengthened the company's position in technology, financial services, and healthcare markets [20] Strategy and Industry Competition - The company's strategy to deliver a full suite of offerings to large customers is gaining traction, improving share of wallet [4] - Kelly increased its position among the top 20 staffing firms in the U.S. by the widest margin from 2022 to 2023 [4] - The acquisition of MRP is expected to enhance revenue growth potential and EBITDA margin expansion [20] Management Commentary on Operating Environment and Future Outlook - Management expects modest sequential revenue improvement in P&I, SET, and OCG segments in H2 2024 [17] - Organic revenue growth for H2 2024 is expected to be 2.5% to 3.5%, with MRP adding $260-$270 million in revenue [17] - Adjusted EBITDA margin for H2 2024 is expected to be 3.2% to 3.3%, with MRP contributing an additional 30 basis points [19] Other Important Information - The company's debt to capital ratio is 14.1%, with $210 million of debt outstanding [16] - Global DSO improved to 57 days, down 4 days from Q2 2023 [16] - The company expects to sustain efficiency improvements from transformation-related actions, with adjusted SG&A expenses expected to decline 3.5% to 4.5% YoY organically [18] Q&A Session Summary Question: MRP Business Trends and Outlook - MRP revenue for H1 2024 was $260 million, with H2 expected to be flat to slightly down YoY [23][24] - Long-term optimism remains high for MRP due to its complementary nature with Kelly's business [25] Question: Pricing Trends Across Segments - Pricing trends remain stable, with no significant pressure on spreads observed in P&I, SET, or Education segments [26][27] Question: Future Acquisition Plans - The company is focused on integrating MRP but remains open to future acquisitions, particularly in high-margin, high-growth businesses in Science, Engineering, Technology, and Telecom or Education [28] Question: Organic Growth Drivers - Organic growth in Q2 was attributed to transformation-related initiatives, omnichannel strategy, and focus on large enterprise customers [29] Question: SG&A Expense Trends - Adjusted SG&A expenses are expected to decline 3.5% to 4.5% YoY organically in H2 2024, with MRP adding $60 million in expenses [18][33] Question: MRP Integration Progress - Integration of MRP is progressing well, with collaboration between teams and early signs of market and customer benefits [36][37] Question: Acquisition Pipeline - The acquisition pipeline remains active, with a focus on high-quality, high-growth, high-margin businesses [38] Question: Kelly Arc Update - Interest in Kelly Arc remains high, with a dozen-plus customers and hundreds of AI automation professionals on the platform [39][40] Question: Leverage and Future Acquisitions - The company's debt to EBITDA ratio is 1.7, with progress in deleveraging expected to continue [43][44] Question: Technology Investments - Annual CapEx is expected to be $20-$25 million, with potential increases due to MRP technology integration [45][46]

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 June 30, 2024 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. --------------------------------------------------------------------- | --- | --- | --- | |----------------------------------------------------------- ...