Company: KELYB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000055135-25-000080
Chunk: 74

Company: KELLY SERVICES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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0.1 Corporate1.7 — 1.2 2.9 Total$2.1 $— $1.4 $3.5 September Year-to-Date 2025IT-related ChargesSeveranceFees and OtherTotalEnterprise Talent Management$— $3.6 $0.2 $3.8 Science, Engineering & Technology0.5 2.0 0.1 2.6 Education— 0.2 — 0.2 Corporate8.6 0.7 4.4 13.7 Total$9.1 $6.5 $4.7 $20.3 2024 ActionsThe Company had no restructuring or transformation charges during the third quarter of 2024.  For September year-to-date 2024, the Company incurred $6.4 million of restructuring charges and transformation fees as a continuation of the comprehensive transformation initiative that was announced in the second quarter of 2023.  For September year-to-date 2024, transformation activities included $3.3 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.The restructuring and transformation costs included in SG&A are detailed below for September year-to-date 2024 (in millions):September Year-to-Date 2024Severance CostsTransformation CostsTotalEnterprise Talent Management$0.9 $— $0.9 Science, Engineering & Technology0.3 — 0.3 Corporate2.1 3.1 5.2 Total$3.3 $3.1 $6.4 

18 

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

7. GoodwillThe changes in the carrying amount of goodwill through third quarter-end 2025 are included in the table below (in millions):SETEducationETMTotalBalance as of year-end 2023$111.3 $39.8 $— $151.1 Additions222.9 3.0 — 225.9 Impairment adjustments(72.8)— — (