Company: KELYB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000055135-25-000016
Chunk: 19

Company: KELLY SERVICES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 (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)

21 

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 $25.2 Average shares outstanding (millions):Basic35.0 35.4 Dilutive share awards0.5 0.4 Diluted35.5 35.8 Basic earnings per share$0.16 $0.71 Diluted earnings per share$0.16 $0.70 Potentially dilutive share awards are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the first quarter of 2025 and 2024 (see Stock-Based Compensation footnote for a description of performance shares).  Dividends paid per share for Class A and Class B common stock were $0.075 for the first quarter of 2025 and 2024.In November 2024, the Company's board of directors authorized a $50.0 million Class A share repurchase program that expires on December 2, 2026.  During the first quarter of 2025, the Company did not repurchase any Class