Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 0

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(UNAUDITED)

(In millions of dollars except per share data)

  13 Weeks Ended26 Weeks EndedJune 29,2025June 30,2024June 29,2025June 30,2024Revenue from services$1,101.8 $1,057.5 $2,266.7 $2,102.6 Cost of services876.3 843.8 1,804.7 1,683.2 Gross profit225.5 213.7 462.0 419.4 Selling, general and administrative expenses207.3 191.5 433.0 382.0 Asset impairment charge— 5.5 — 5.5 (Gain) loss on sale of EMEA staffing operations(4.0)10.0 (4.0)(1.6)Gain on sale of assets— (5.5)— (5.5)Earnings from operations22.2 12.2 33.0 39.0 Gain on forward contract— — — 1.2 Other income (expense), net(2.3)(6.5)(5.5)(4.7)Earnings before taxes19.9 5.7 27.5 35.5 Income tax expense0.9 1.1 2.7 5.1 Net earnings$19.0 $4.6 $24.8 $30.4 Basic earnings per share$0.52 $0.13 $0.68 $0.84 Diluted earnings per share$0.52 $0.12 $0.67 $0.83 Average shares outstanding (millions):  Basic35.2 35.5 35.1 35.5 Diluted35.7 35.9 35.6 35.9  

 See accompanying unaudited Notes to Consolidated Financial Statements.

4

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

(In millions of dollars)

  13 Weeks Ended26 Weeks Ended