Kelly Services, Inc.
11.45-0.03 (-0.31%)
Oct 30, 11:36:31 AM EDT · NasdaqGS · KELYA · USD
Key Stats
Market Cap
404.44MP/E (TTM)
-Basic EPS (TTM)
-0.18Dividend Yield
0.03%Recent Filings
8-K
Kelly's Q2 revenue up, EBITDA down
Kelly Services reported Q2 2025 revenue of $1.1 billion, up 4.2% year-over-year from the MRP acquisition, yet down 3.3% organically amid federal contractor weakness; adjusted EBITDA fell 8.7% to $37.0 million with margins slipping 40 bps to 3.4%. Education and SET segments grew 5.6% and 19.4%, respectively, while ETM dipped 3.9%. Q3 revenue will decline 5-7%, but margins expand 80-90 bps. The firm appointed Nick Zuhlke as Chief Accounting Officer effective August 11, succeeding retiree Laura Lockhart.
8-K
Layden named Kelly CEO
Kelly Services named Christopher Layden as President and CEO, effective September 2, 2025, succeeding Peter Quigley who announced his retirement earlier this year but will advise through transition and stay on the board until May 2026. Layden, 43, brings two decades from ManpowerGroup and recent COO role at Prolink, where he drove organic growth and tech upgrades. His package includes $1M base, 125% STIP target, $450K cash bonus, and $4M restricted stock vesting over three years. New leadership eyes profitable growth amid labor market shifts.
10-Q
Q2 FY2025 results
Kelly Services posted solid Q2 results, with revenue climbing 4.2% year-over-year to $1,101.8 million, fueled by the MRP acquisition, while organic figures dipped 3.3% amid softer demand in staffing and outcome-based services. Gross profit rose 5.5% to $225.5 million, lifting the margin to 20.5% from 20.2%, thanks to MRP's higher-margin mix, though permanent placement fees fell. Operating income jumped 81% to $22.2 million, boosted by a $4.0 million gain on settling EMEA staffing sale adjustments, yet integration costs hit $6.1 million. Diluted EPS held steady at $0.52, aligning with 35.7 million shares. Cash from operations surged to $119.3 million year-to-date, enabling debt reduction to $74.3 million from $239.4 million, with $283.1 million in total availability across facilities. MRP integration advances, blending tech stacks for efficiency. Litigation risks linger in wage and hour disputes.
8-K
Kelly realigns for specialty growth
Kelly Services released its Q1 2025 investor presentation on May 22, detailing a realigned operating model that merges former segments into Enterprise Talent Management (ETM) while boosting Science, Engineering & Technology (SET) and Education units for higher-margin growth. Trailing 12-month revenue hit $4.5 billion with adjusted EBITDA at $145 million and a 3.3% margin, up from 2020 levels, fueled by acquisitions and efficiency gains exceeding $100 million in SG&A savings. Q2 outlook projects 6.0%-7.0% revenue growth, including MRP acquisition effects, yet organic trends face headwinds from federal demand drops and economic slowdowns. Integration synergies from MRP target $10 million annualized EBITDA lift through 2026.
8-K
2025 Equity Plan approved
Kelly Services stockholders approved the 2025 Equity Incentive Plan at the May 8, 2025 annual meeting, authorizing 4 million shares for options, restricted units, and other awards to align key personnel with shareholder interests. All director nominees were elected with strong support, executive compensation ratified, and PwC confirmed as auditors. This refreshes incentives while terminating the prior plan. No new grants yet.
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