Company: KELYB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000055135-25-000016
Chunk: 6

Company: KELLY SERVICES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
231.6 EducationStaffing services307.9 288.8 Permanent placement1.1 1.1 Total Education309.0 289.9 Total Intersegment(0.5)(0.5)Total Revenue from Services$1,164.9 $1,045.1 

12 

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

Revenue Disaggregated by GeographyThe Company's operations are subject to different economic and regulatory environments depending on geographic location.  The Company's Education segment operates in the Americas region, the SET segment operates in the Americas and Europe regions, and the ETM segment operates in the Americas, Europe and Asia-Pacific regions.The table below presents the Company's revenues disaggregated by geography (in millions of dollars):First Quarter20252024AmericasUnited States$1,056.6 $933.6 Other83.3 89.2 Total Americas Region1,139.9 1,022.8 Total Europe Region9.6 10.8 Total Asia-Pacific Region15.4 11.5 Total Kelly Services, Inc.$1,164.9 $1,045.1 The table below presents revenues from the ETM and SET segments disaggregated by geographic region (in millions of dollars):First Quarter20252024Enterprise Talent ManagementAmericas$510.9 $504.9 Europe7.7 7.7 Asia-Pacific15.4 11.5 Total Enterprise Talent Management$534.0 $524.1 Science, Engineering & TechnologyAmericas$320.5 $228.5 Europe1.9 3.1 Total Science, Engineering & Technology$322.4 $231.6 Deferred Costs

Deferred fulfillment costs, which are included in prepaid expenses and other current assets in the consolidated balance sheet, were $0.7 million as of first quarter-end 2025 and $1.8 million as of year-end 2024.  Amortization expense for these deferred costs in the first quarter of 2025 was $1.2 million and in the first quarter of 2024 was $2.4 million. 

13 

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

3.