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Kelly Reports Third-Quarter 2025 Earnings
Globenewswire· 2025-11-06 12:30
Core Insights - Kelly Services reported a revenue of $935.0 million for Q3 2025, reflecting a 9.9% decrease compared to Q3 2024, primarily due to lower demand in the ETM and SET segments, partially offset by a 0.9% growth in the Education segment [3][8][9] - The company experienced an operating loss of $102.1 million in Q3 2025, a significant decline from earnings of $2.6 million in Q3 2024, largely attributed to non-cash goodwill impairment charges [4][6] - Adjusted EBITDA for Q3 2025 was $16.5 million, down 36.7% year-over-year, with an adjusted EBITDA margin of 1.8%, a decrease of 70 basis points [4][8] Financial Performance - Revenue for the 39-week period ended September 28, 2025, was $3.2 billion, a 1.9% increase compared to the same period in 2024, primarily due to the acquisition of MRP [9][10] - The operating loss for the first nine months of 2025 was $69.1 million, compared to earnings of $41.6 million in the same period of 2024 [10][12] - The company reported a net loss of $150.1 million for Q3 2025, compared to a net income of $0.8 million in Q3 2024 [20][22] Segment Analysis - In Q3 2025, the Enterprise Talent Management segment generated $487.9 million in revenue, down 13.1% from Q3 2024, while the Science, Engineering & Technology segment saw a 9.0% decline to $304.9 million [27][28] - The Education segment reported a slight revenue increase of 0.9% to $143.3 million, indicating resilience amidst overall declines in other segments [27][28] - Adjusted SG&A expenses decreased by 9.7% in Q3 2025, reflecting ongoing expense optimization initiatives [8] Tax and Earnings Per Share - Income tax expense for Q3 2025 was $46.4 million, compared to a tax benefit of $2.6 million in Q3 2024, influenced by non-cash goodwill impairment charges [5][11] - Loss per share for Q3 2025 was $4.26, including non-cash goodwill impairment charges of $2.37 per share, compared to earnings per share of $0.02 in Q3 2024 [6][12] Future Outlook - The company anticipates no significant changes in macroeconomic conditions for Q4 2025 and expects a positive resolution to the federal government shutdown [14] - Kelly Services declared a quarterly cash dividend of $0.075 per share, payable on December 3, 2025, reflecting confidence in its strategy [14]
Kelly Announces Third-Quarter 2025 Conference Call
Globenewswire· 2025-10-23 11:30
Core Viewpoint - Kelly Services, a global leader in specialty talent solutions, is set to release its third-quarter earnings on November 6, 2025, and will host a live webcast to discuss the results and answer questions [1][2]. Company Overview - Kelly Services, Inc. (Nasdaq: KELYA, KELYB) specializes in recruiting and managing skilled workers, connecting over 400,000 individuals with job opportunities annually [3]. - The company has a rich history, having pioneered the staffing industry in 1946, and operates across various sectors including science, engineering, technology, education, manufacturing, retail, finance, and energy [3]. - In 2024, Kelly Services reported a revenue of $4.3 billion [3]. Earnings Release Details - The third-quarter earnings will be published before market opening on November 6, 2025, accompanied by a financial presentation [1]. - A live webcast of the conference call with financial analysts will take place at 9 a.m. ET on the same day, with a replay available shortly after the event [2].
Kelly Announces Participation in Upcoming Investor Conferences
Globenewswire· 2025-08-19 11:30
Company Participation in Investor Conferences - Kelly will participate in the Midwest IDEAS Conference in Chicago on August 26, 2025, with management scheduled to present at 8:35 a.m. CT and engage in one-on-one meetings with investors throughout the day [1] - The company will also attend the Gateway Conference in San Francisco on September 3, 2025, with a presentation scheduled for 1:00 p.m. PT and one-on-one meetings with investors [2] - Management will participate in the Barrington Research Fall Virtual Investment Conference on September 16, 2025, focusing on one-on-one meetings with investors [3] - Kelly will take part in the Sidoti Small-Cap Virtual Conference on September 17, 2025, also engaging in one-on-one meetings with investors [4] - The company is scheduled to present at the William Blair Human Capital Services Virtual Conference on September 24, 2025, at 9:30 a.m. CT, followed by one-on-one meetings with investors throughout the afternoon [5] Company Overview - Kelly Services, Inc. is a leading global specialty talent solutions provider, helping companies recruit and manage skilled workers while assisting job seekers in finding employment [6] - The company has a rich history, having invented the staffing industry in 1946, and has become an expert in various industries and markets [6] - Kelly connects over 400,000 people with work annually through its extensive network of suppliers and partners worldwide [6] - The company reported revenue of $4.3 billion in 2024, indicating its significant presence in the talent solutions market [6]
Kelly Announces Second-Quarter 2025 Conference Call
GlobeNewswire News Room· 2025-07-24 11:30
Group 1 - Kelly Services, Inc. will release its second-quarter earnings on August 7, 2025, before the market opens [1] - A financial presentation and a live webcast of a conference call with financial analysts will take place at 9 a.m. ET on the same day [1][2] - The webcast will be recorded, and a replay will be available within one hour after the event [2] Group 2 - Kelly Services has been a leader in the staffing industry since its inception in 1946, connecting over 400,000 people with work annually [3] - The company reported revenue of $4.3 billion in 2024, indicating its significant presence in various industries [3] - Kelly Services operates in multiple sectors, including science, engineering, technology, education, manufacturing, retail, finance, and energy [3]
Kelly Announces Participation in June 2025 Investor Conferences
Globenewswire· 2025-05-22 20:05
Core Points - Kelly, a leading global specialty talent solutions provider, will participate in two investor conferences in June 2025 [1] - The first conference is the Baird 2025 Global Consumer, Technology & Services Conference on June 3, 2025, where key executives will present and hold one-on-one meetings [2] - The second conference is the Noble Capital Markets Emerging Growth Virtual Equity Conference on June 5, 2025, also featuring presentations and one-on-one meetings with executives [3] Company Overview - Kelly Services, Inc. has been a pioneer in the staffing industry since 1946, connecting over 400,000 people with work annually [4] - The company provides a suite of outsourcing and consulting services across various industries, including science, engineering, technology, education, manufacturing, retail, finance, and energy [4] - In 2024, Kelly reported a revenue of $4.3 billion [4]
Kelly Announces First-Quarter 2025 Conference Call
Newsfilter· 2025-04-24 11:30
Company Overview - Kelly Services, Inc. is a leading global specialty talent solutions provider, helping companies recruit and manage skilled workers while assisting job seekers in finding employment [3] - The company has been a pioneer in the staffing industry since its inception in 1946 and has developed expertise across various industries and markets [3] - In 2024, Kelly Services reported a revenue of $4.3 billion, indicating its significant presence in the talent solutions market [3] Upcoming Earnings Release - Kelly Services will release its first-quarter earnings on May 8, 2025, before the market opens [1] - A financial presentation will accompany the earnings release, and a live webcast of a conference call with financial analysts will take place at 9 a.m. ET on the same day [1] - The webcast will be recorded, and a replay will be available within one hour after the event [2]
Kelly to Participate in Sidoti Virtual Investor Conference
Newsfilter· 2025-03-12 11:30
Core Viewpoint - Kelly Services, Inc. will participate in the Sidoti Virtual Investor Conference on March 19, 2025, highlighting its role as a leading global specialty talent solutions provider [1][2]. Company Overview - Kelly Services, Inc. has been a pioneer in the staffing industry since 1946, connecting over 400,000 people with work annually through a global network of suppliers and partners [3]. - The company reported a revenue of $4.3 billion in 2024, indicating its significant presence in various industries including science, engineering, technology, education, manufacturing, retail, finance, and energy [3]. Leadership Participation - Key executives including Peter Quigley (CEO), Troy Anderson (CFO), and Scott Thomas (Head of Investor Relations) will engage in one-on-one meetings during the conference [2].