Company: KELYB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000055135-25-000080
Chunk: 29

Company: KELLY SERVICES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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  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 third quarter and September 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)

Third Quarter 2025(in millions)ETMSETEducationInter-SegmentConsolidatedRevenue from services$487.9 $304.9 $143.3 $(1.1)$935.0 Cost of services(1)391.2 227.7 123.2 (1.1)741.0 Direct salaries(2)57.042.4 15.0 Other segment expenses(3)30.615.2 9.5 SG&A expenses87.657.624.5— 169.7 Goodwill impairment charge— 102.0 — Business unit profit (loss)$9.1 $(82.4)$(4.4)$— $(77.7)Corporate SG&A$(12.1)Gain on sale of EMEA staffing operations0.3 Depreciation and amortization(4)(12.6)Consolidated earnings (loss) from operations(102.1)Other income (expense), net(1.6)Earnings (loss) before taxes$(103.7)

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

September Year-to-Date 2025(in millions)ETMSETEducationInter-SegmentConsolidatedRevenue from services$1,542.1 $944.6 $717.6 $(2.6)$3,201.7 Cost of services(1)1,233.4 702.7 612.2 (2.6)2,545.7 Direct salaries(2)186.8 139.5 46.5 Other segment expenses(3)94.9 50.1 30.4 SG&A expenses281.7 189.6 76.9 — 548.2 Good