Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 83

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 2024.  The following tables present information about the reported revenue from services of the Company by reportable segment, along with a reconciliation to earnings before taxes, for the second quarter and June year-to-date 2025 and 2024.  Asset information by reportable segment is not presented since the Company does not produce such information internally nor does it use such information to manage its business.

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

Second Quarter 2025(In millions of dollars)ETMSETEducationInter-SegmentConsolidatedRevenue from services$520.2 $317.3 $265.3 $(1.0)$1,101.8 Cost of services(1)416.2 234.9 226.2 (1.0)876.3 Direct salaries(2)61.346.5 15.1 Other segment expenses(3)31.616.6 10.4 SG&A expenses92.963.125.5— 181.5 Business unit profit (loss)$11.1 $19.3 $13.6 $— $44.0 Corporate SG&A$(13.3)Gain on sale of EMEA staffing operations4.0 Depreciation and amortization(4)(12.5)Consolidated earnings from operations22.2 Other income (expense), net(2.3)Earnings before taxes$19.9 June Year-to-Date 2025(In millions of dollars)ETMSETEducationInter-SegmentConsolidatedRevenue from services$1,054.2 $639.7 $574.3 $(1.5)$2,266.7 Cost of services(1)842.2 475.0 489.0 (1.5)1,804.7 Direct salaries(2)129.8 97.1 31.5 Other segment expenses(3)64.3 34.9 20.9 SG&A expenses194.1 132.0 52.4 — 378.5 Business unit profit (loss)$17.9 $32.7 $32.9 $— $83.5 Corporate SG&A$(29.2)Gain on sale of EMEA staffing operations