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    Kelly Services Inc (KELYA)

    Financials

    Updated Jun 6, 2025, 7:03 PM UTC
    Income Statement - MetricQ2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenue from services (USD, millions)1,232.204,835.71,045.11,057.51,038.11,191.104,331.81,164.9
    Cost of services (USD, millions)994.003,874.3839.4843.8816.4949.603,449.2928.4
    Gross profit (USD, millions)238.20961.4205.7213.7221.7241.50882.6236.5
    Selling, general and administrative expenses (USD, millions)230.90934.7190.5191.5219.0217.40818.4225.7
    Depreciation and amortization (USD, millions)5.2027.510.212.514.514.3051.512.8
    Goodwill impairment charge (USD, millions)------72.8-
    Asset impairment charge (USD, millions)-2.4-5.5--13.5-
    Gain on sale of EMEA staffing operations (USD, millions)--(11.6)10.0(0.00)(0.00)(1.6)-
    Loss (gain) on sale of assets (USD, millions)--------
    Earnings from operations (USD, millions)7.3024.326.812.22.6(56.70)(15.1)10.8
    Gain on forward contract (USD, millions)--1.20.00----
    Other income (expense), net (USD, millions)1.204.21.8(6.5)(4.4)2.30(6.8)(3.2)
    Earnings before taxes (USD, millions)4.9024.929.85.7(1.8)(55.60)(21.9)7.6
    Income tax expense (benefit) (USD, millions)(6.50)(11.5)4.01.1(2.6)(23.80)(21.3)1.8
    Net earnings (loss) (USD, millions)11.4036.425.84.60.8(31.80)(0.6)5.8
    Basic earnings per share (USD)0.320.990.710.130.02--0.16
    Diluted earnings per share (USD)0.310.980.700.120.02--0.16
    Average shares outstanding (millions) - Basic(72.60)35.935.435.535.6--35.0
    Average shares outstanding (millions) - Diluted(73.30)36.335.835.936.0--35.5
    Gross profit rate (%)-19.919.7---20.4-
    Balance Sheet - MetricQ2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and equivalents (USD, millions)125.8125.8200.738.232.839.039.028.2
    Trade accounts receivable, net (USD, millions)1,160.61,160.61,152.91,193.91,248.61,255.51,255.51,250.9
    Prepaid expenses and other current assets (USD, millions)48.948.983.278.776.171.071.071.9
    Assets held for sale (USD, millions)291.3291.3—-----
    Total current assets (USD, millions)1,626.61,626.61,436.81,310.81,357.51,365.51,365.51,351.0
    Property and equipment (USD, millions)138.1138.1140.7142.4138.9140.0140.0139.9
    Accumulated depreciation (USD, millions)(113.5)(113.5)(115.2)(115.6)(112.4)(114.2)(114.2)(116.2)
    Net property and equipment (USD, millions)24.624.625.526.826.525.825.823.7
    Operating lease right-of-use assets (USD, millions)47.147.146.353.155.247.047.045.9
    Deferred taxes (USD, millions)321.1321.1318.9302.3308.4330.1330.1331.1
    Retirement plan assets (USD, millions)230.3230.3243.7245.9259.2258.1258.1253.8
    Goodwill, net (USD, millions)151.1151.1151.1372.6374.0304.2304.2304.1
    Intangibles, net (USD, millions)137.7137.7132.5272.3264.3256.3256.3248.4
    Other assets (USD, millions)43.143.140.644.443.845.345.336.9
    Total noncurrent assets (USD, millions)955.0955.0958.61,317.41,331.41,266.81,266.81,243.9
    Total Assets (USD, millions)2,581.62,581.62,395.42,628.22,688.92,632.32,632.32,594.9
    Short-term borrowings (USD, millions)———-0.2---
    Accounts payable and accrued liabilities (USD, millions)646.1646.1581.2594.8604.7613.8613.8597.0
    Operating lease liabilities, current (USD, millions)8.48.48.412.411.912.312.312.2
    Accrued payroll and related taxes (USD, millions)156.2156.2165.9168.3184.5163.9163.9178.7
    Accrued workers’ compensation and other claims, current (USD, millions)22.122.122.018.718.119.019.018.0
    Income and other taxes (USD, millions)17.217.220.018.121.617.517.517.0
    Liabilities held for sale (USD, millions)169.9169.9—-----
    Total current liabilities (USD, millions)1,019.91,019.9797.5812.3841.0826.5826.5822.9
    Long-term debt (USD, millions)---210.4228.2239.4239.4204.6
    Operating lease liabilities, noncurrent (USD, millions)42.942.942.049.651.850.950.949.3
    Accrued workers’ compensation and other claims, noncurrent (USD, millions)40.940.940.934.733.733.833.832.0
    Accrued retirement benefits (USD, millions)217.4217.4229.5232.6243.3239.9239.9236.4
    Other long-term liabilities (USD, millions)6.86.88.78.79.07.27.29.2
    Total noncurrent liabilities (USD, millions)308.0308.0321.1536.0566.0571.2571.2531.5
    Capital stock, $1.00 par value: Class A common stock, 100.0 million shares authorized; 35.2 million shares issued (USD, millions)35.235.235.235.235.235.235.235.2
    Capital stock, $1.00 par value: Class B common stock, 10.0 million shares authorized; 3.3 million shares issued (USD, millions)3.33.33.33.33.33.33.33.3
    Treasury stock, at cost: Class A common stock, shares held (USD, millions)(56.7)(56.7)(52.5)(51.7)(51.4)(60.8)(60.8)(55.5)
    Treasury stock, at cost: Class B common stock (USD, millions)(0.6)(0.6)(0.6)(0.6)(0.6)(0.6)(0.6)(0.6)
    Paid-in capital (USD, millions)30.630.627.129.532.034.234.230.5
    Earnings invested in the business (USD, millions)1,241.71,241.71,264.81,266.71,264.71,230.21,230.21,233.2
    Accumulated other comprehensive income (loss) (USD, millions)0.20.2(0.5)(2.5)(1.3)(6.9)(6.9)(5.6)
    Total stockholders’ equity (USD, millions)1,253.71,253.71,276.81,279.91,281.91,234.61,234.61,240.5
    Total Liabilities and Stockholders’ Equity (USD, millions)2,581.62,581.62,395.42,628.22,688.92,632.32,632.32,594.9
    Cash Flow - Metric [In millions of dollars]Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net earnings (loss)11.4036.425.84.60.8(31.80)(0.6)5.8
    Asset impairment charge-2.4-5.50.0-13.5-
    Goodwill impairment charge------72.8-
    Deferred income taxes-(24.9)----(27.8)-
    Loss on disposal--------
    Depreciation and amortization8.3033.98.09.611.111.5040.211.0
    Operating lease asset amortization3.8016.22.22.43.13.0010.72.6
    Provision for credit losses and sales allowances0.201.60.5(0.7)0.8(0.70)(0.1)3.0
    Stock-based compensation1.809.72.82.43.33.3011.83.7
    Gain on sale of equity securities-(2.0)----(0.6)-
    (Gain) loss on forward contract--(1.2)0.00.00.00(1.2)-
    Gain on sale of EMEA staffing operations--(11.6)10.00.0(0.00)(1.6)-
    Gain on sale of assets---(5.5)0.1-(5.4)-
    Loss on investment in Persol Holdings--------
    Loss on currency translation from liquidation of subsidiary--------
    Gain on foreign currency remeasurement--------
    Equity in net earnings of PersolKelly Pte. Ltd.--------
    Other, net (Operating)1.301.8(0.2)(0.9)--(7.6)(0.3)
    Changes in operating assets and liabilities, net of acquisitions37.80(2.0)(51.8)30.3(40.6)(15.10)(77.2)(1.9)
    Net cash from (used in) operating activities43.4076.7(25.5)57.7(20.3)15.0026.923.9
    Capital expenditures(2.90)(15.3)(3.7)(3.0)(2.4)(2.00)(11.1)(2.5)
    Proceeds from sale of PersolKelly investment-------6.4
    Proceeds from sale of EMEA staffing operations, net of cash disposed--77.10.00.00.0077.1-
    Proceeds from sale of assets---4.4(0.1)-4.3-
    Acquisition of companies, net of cash received---(427.4)0.0-(431.9)-
    Cash disposed from sale of Russia, net of proceeds--------
    Proceeds from sale of Persol Holdings investment--------
    Proceeds from sale of equity method investment--------
    Payment for settlement of forward contract--(2.4)(2.4)0.0---
    Proceeds from company-owned life insurance---0.01.7---
    Proceeds from equity securities-2.0------
    Other investing activities(0.40)(0.8)1.10.8(1.6)--(0.7)
    Net cash from investing activities(3.30)(14.1)72.1(425.2)(2.4)(6.10)(361.6)3.2
    Net change in short-term borrowings-(0.7)-0.00.6---
    Proceeds from long-term debt---378.6470.4-1,340.2412.3
    Payments on long-term debt---(168.2)(452.6)-(1,100.8)(447.1)
    Financing lease payments(0.20)(1.2)------
    Dividend payments(2.70)(11.0)(2.7)(2.7)(2.8)(2.70)(10.9)(2.8)
    Payments of tax withholding for stock awards(0.10)(1.8)(1.9)(0.2)(0.2)(0.20)(2.5)(1.8)
    Buyback of common shares--------
    Purchase of treasury stock-(42.2)-0.0--(10.0)-
    Contingent consideration payments-(2.5)------
    Other financing activities-(0.2)(0.1)(1.2)0.3(0.20)(1.2)(0.1)
    Net cash from (used in) financing activities(3.00)(59.6)(4.7)206.315.7(2.50)214.8(39.5)
    Effect of exchange rates on cash, cash equivalents and restricted cash3.102.2(0.6)(2.1)1.8(1.20)(2.1)1.3
    Net change in cash, cash equivalents and restricted cash40.205.241.3(163.3)(5.2)5.20(122.0)(11.1)
    Cash, cash equivalents and restricted cash at beginning of period162.4162.4167.6167.6167.6167.6167.645.6
    Cash, cash equivalents and restricted cash at end of period (1)167.6167.6208.945.640.445.645.634.5
    Revenue by Geography - in Millions of USDQ2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Americas1,002.83,928.31,022.81,034.21,012.21,1654,234.21,139.9
    - United States908.73,555.8933.6944.2--3,876.91,056.6
    - Canada47.6189.845.446.4--188.6-
    - Puerto Rico25.9107.024.928.2--108.0-
    - Mexico20.675.718.915.4--60.7-
    Europe218.6863.710.810.810.110.241.99.6
    - Switzerland58.3224.21.11.0--4.0-
    - France49.4194.40.00.0--0.4-
    - Portugal47.1189.40.00.0--0.0-
    - Italy14.463.90.00.0--0.0-
    - Other Europe49.4191.89.79.8--37.5-
    Asia-Pacific10.843.711.512.515.815.955.715.4
    Total Revenue1,232.24,835.71,045.11,057.51,038.11,191.14,331.81,164.9
    KPIs - Metric (Unit, Scale)Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Days sales outstanding (days)--------