Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 17

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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Fees and OtherTotalEnterprise Talent Management$— $3.7 $0.1 $3.8 Science, Engineering & Technology0.1 2.0 — 2.1 Education— 0.1 — 0.1 Corporate6.9 0.7 3.2 10.8 Total$7.0 $6.5 $3.3 $16.8 2024 ActionsIn the second quarter and June year-to-date 2024, the Company incurred $4.3 million and $6.6 million, respectively, of restructuring charges and transformation fees as a continuation of the comprehensive transformation initiative that was announced in the second quarter of 2023.  For the second quarter of 2024, transformation activities included $2.4 million of severance and $1.9 million of costs to execute the transformation through the use of an external consultant.  For June year-to-date 2024, transformation activities included $3.5 million of severance and $3.1 million of costs to execute the transformation through the use of an external consultant.  The Company's 2024 restructuring actions are complete with no remaining liability as of first quarter-end 2025.  No material adjustments are expected to be recorded.

19 

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

The restructuring and transformation costs included in SG&A are detailed below for the second quarter and June year-to-date 2024 (in millions of dollars):Second Quarter 2024June Year-to-Date 2024Severance CostsLease Termination Costs, Transformationand OtherTotalSeverance CostsLease Termination Costs, Transformationand OtherTotalEnterprise Talent Management$0.3 $— $0.3 $1.0 $— $1.0 Science, Engineering & Technology0.3 — 0.3 0.3 — 0.3 Corporate1.8 1.9 3.7 2.2 3.1 5.3 Total$2.4 $1.9 $4.3 $3.5 $3.1 $6.6 

7. GoodwillThe changes in the carrying amount of goodwill through second quarter-end 2025 are included in the table below