Company: KELYB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000055135-25-000016
Chunk: 70

Company: KELLY SERVICES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 to its equity holders, the Company.  The assets of the Receivables Entity are not available to pay creditors of the Company or any of its other subsidiaries, until the creditors of the Receivables Entity have been satisfied.  The assets and liabilities of the Receivables Entity are included in the consolidated financial statements of the Company. Local Credit FacilitiesThe Company had total unsecured, uncommitted short-term local credit facilities of $3.1 million at the end of the first quarter of 2025.  The Company had no borrowings under these lines at the end of the first quarter of 2025 and at year-end 2024.

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KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(UNAUDITED)

9. Accumulated Other Comprehensive Income (Loss)The changes in accumulated other comprehensive income (loss) by component, net of tax, for the first quarter of 2025 and 2024 are included in the table below (in millions of dollars).  First Quarter20252024Foreign currency translation adjustments:Beginning balance$(6.9)$0.6 Other comprehensive income (loss) before reclassifications1.3 (0.5)Amounts reclassified from accumulated other comprehensive income (loss)— (0.6)Net current-period other comprehensive income (loss)1.3 (1.1)Ending balance(5.6)(0.5)Pension liability adjustments:Beginning balance— (0.4)Other comprehensive income (loss) before reclassifications— — Amounts reclassified from accumulated other comprehensive income (loss)— 0.4 Net current-period other comprehensive income (loss)— 0.4 Ending balance— — Total accumulated other comprehensive income (loss)$(5.6)$(0.5)

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KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(UNAUDITED)

10. Earnings Per ShareThe reconciliation of basic and diluted earnings per share on common stock for the first quarter of 2025 and 2024 is as follows (in millions of dollars except per share data): First Quarter 20252024Net earnings$5.8 $25.8 Less: earnings allocated to participating securities(0.2)(0.6)Net earnings available to common shareholders$5.6