Core Viewpoint - Kelly Services, a leading global specialty talent solutions provider, is set to release its fourth-quarter and full-year earnings on February 13, 2025, before the market opens, along with a financial presentation and a live webcast for financial analysts [1]. Group 1 - The earnings release will be accompanied by a financial presentation and a live conference call at 9 a.m. ET on the same day [1]. - The webcast will be accessible through the Company's public website under the Investor Relations page, and a replay will be available within one hour after the event [2]. - Kelly Services has a long history in the staffing industry, having been established in 1946, and connects over 500,000 people with work annually [3]. Group 2 - The company reported a revenue of $4.8 billion in 2023, indicating its significant presence in the talent solutions market [3]. - Kelly Services operates across various industries, including science, engineering, technology, education, manufacturing, retail, finance, and energy [3].

TROY, Mich., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Kelly has been named to FlexJobs' annual list of the Top 100 Companies to Watch for Remote Jobs for the 12th consecutive year. The specialty talent solutions provider is one of only six employers to have been recognized every year since the list's inception in 2014. The list is based on an analysis of approximately 60,000 companies and their remote job posting histories in the FlexJobs database between Jan. 1 and Dec. 31, 2024. Kelly is one of 100 companies tha ...

Podcast Overview - Kelly Education launches a new podcast titled "Wake Up and Teach" to address challenges and opportunities in the education workforce [5] - The podcast features candid conversations with education experts, thought leaders, and innovators on topics like teacher shortages, workforce planning, and leadership development [1] - The series aims to drive dialogue and offer actionable solutions for education leaders nationwide [1] Podcast Content and Goals - The podcast will explore innovative approaches to fostering a resilient and effective education workforce [6] - Topics include navigating building-level challenges, boosting recruitment and retention, and revitalizing district culture [8] - Emphasis on practical, forward-thinking strategies and real-life examples of success [6] Kelly Education's Mission - Kelly Education has been solving complex workforce challenges for schools for over 25 years [6] - The company aims to empower education leaders to meet the demands of today's classrooms and build a brighter future for students and educators [6] - Kelly Education provides customized workforce solutions, including hiring, recruiting, and professional development across various educational sectors [3] Podcast Accessibility and Engagement - Listeners can access "Wake Up and Teach" on major podcast platforms, with new episodes released bi-weekly [2] - The podcast encourages engagement and conversation to shape the future of workforce solutions in education [2] Company Background - Kelly Education is the nation's largest provider of education talent and workforce solutions [5] - It operates under Kelly (NASDAQ: KELYA, KELYB), a global workforce solutions provider connecting businesses and individuals with meaningful work opportunities [3]

TROY, Mich., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Kelly Education, the nation’s largest provider of education talent and workforce solutions, is excited to announce its new podcast, Wake Up and Teach, a series dedicated to addressing the challenges and opportunities shaping the future of the education workforce, launched today. Hosted by Nicola Soares, President of Kelly Education, the podcast will feature candid conversations with education experts, thought leaders, and innovators, tackling critical topics su ...

TROY, Mich., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced that on November 26, 2024, the Company’s board of directors approved a share repurchase program authorizing it to purchase up to an aggregate of $50 million of its Class A common stock. The authorization expires on December 2, 2026. “An active share repurchase authorization is an important mechanism that enables Kelly to opportunistically return capital to our sh ...

TROY, Mich., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced the completion of its previously announced CFO transition. Troy Anderson, who joined Kelly in October 2024, will succeed Olivier Thirot as the Company’s chief financial officer, effective December 2, 2024. Thirot will retire as an officer of Kelly, while continuing to serve the Company as a strategic advisor. “I’m grateful to serve as Kelly’s chief financial offi ...

TROY, Mich., Nov. 20, 2024 (GLOBE NEWSWIRE) -- KellyOCG, the outsourcing and consulting group of Kelly (Nasdaq: KELYA, KELYB), has claimed the No. 1 spot on HRO Today’s 2024 Total Workforce Solutions Baker’s Dozen Customer Satisfaction Ratings. The list ranks the top suppliers of managed services provider (MSP) and recruitment process outsourcing (RPO) solutions based solely on customer satisfaction surveys. “We’re thrilled to be recognized by our clients as the leader in total talent management,” KellyOCG ...

TROY, Mich., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Kelly has been named Corporation of the Year by the National Minority Supplier Development Council (NMSDC). The specialty talent solutions provider was recognized for its exemplary leadership in supplier and business diversity among companies with up to $10 billion in annual revenue. Kelly was recognized alongside Duke Energy, The Walt Disney Company, Centene Corporation, and Stellantis, who were named Corporations of the Year in the $10 billion+ categories. NM ...

Financial Data and Key Metrics Changes - Revenue for Q3 2024 totaled $1.04 billion, down 7.1% from $1.12 billion in Q3 2023, primarily due to the sale of the European staffing business, partially offset by the acquisition of Motion Recruitment Partners (MRP) [20] - On an organic basis, year-over-year revenue was essentially flat, down 0.2%, slightly lower than the second half outlook [20] - Gross profit was down 3% as reported or 6.4% on an organic basis, with a reported gross profit rate of 21.4%, reflecting a 130 basis point improvement from the sale of the European staffing operations [26][27] - Adjusted earnings from operations were $11.7 million compared to $15.5 million a year ago, with reported earnings per share at $0.02 compared to $0.18 in 2023 [30][32] Business Line Data and Key Metrics Changes - Education segment achieved double-digit revenue growth of 11% year-over-year, driven by strong fill rates and net new customer wins [21] - SETT segment revenue was up 37% on a reported basis due to the acquisition of MRP, but down 5% on an organic basis [22] - Professional & Industrial (P&I) segment revenue declined 2% year-over-year, but sequentially grew 4% in Q3 [25] - OCG segment revenue improved 6%, driven by increased demand for Payroll Process Outsourcing solutions [24] Market Data and Key Metrics Changes - The staffing market demand remained under pressure, with large enterprises maintaining a cautious approach to workforce management [8] - The exit rate in September showed improvement, with P&I at almost 1% growth and Education at about 12.5% [62] Company Strategy and Development Direction - The company aims to capture market share and shift towards higher-margin, more resilient solutions, focusing on organic growth initiatives and strategic progress in specialty growth [9][41] - The integration of MRP is a top priority, with plans to leverage unique capabilities and technology opportunities post-earn-out period [43][94] - The company is focused on improving the ability to convert top-line growth to bottom-line growth while maintaining a disciplined approach to SG&A management [44] Management's Comments on Operating Environment and Future Outlook - Management expects staffing market conditions to remain consistent with Q3, with continued stabilization in revenue across segments [36] - The Education segment is anticipated to ramp up revenue sequentially from Q3 to Q4, continuing to produce double-digit year-over-year growth [36] - Management remains cautious about the SETT segment, noting the need to monitor trends closely [76] Other Important Information - The company reported total available liquidity of $159 million at the end of the quarter, with a debt-to-capital ratio of 15.6% [34] - The acquisition of MRP is expected to add approximately $120 million in revenue in Q1 2025 [37] Q&A Session Summary Question: Integration costs related to MRP - Management indicated that integration costs will be incurred primarily in 2025, with a focus on technology integration [50] Question: Gross profit rate changes across segments - Management explained that organic gross profit rates were under pressure due to fluctuations in employee-related costs and business mix [51][52] Question: Performance of MRP business post-acquisition - Management expressed satisfaction with MRP's performance, noting it has met expectations despite current market conditions [65][66] Question: Market dynamics in SETT segment - Management acknowledged unexpected softness in the SETT segment during July and August but noted a rebound in September [75] Question: Factors driving sequential improvement in P&I - Management attributed the improvement to the omnichannel strategy and a renewed focus on local markets [80]

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 ...