Company: KELYB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000055135-25-000016
Chunk: 0

Company: KELLY SERVICES INC
Filing Date: 2025-05-08
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 Ended March 30,2025March 31,2024Revenue from services$1,164.9 $1,045.1 Cost of services928.4 839.4 Gross profit236.5 205.7 Selling, general and administrative expenses225.7 190.5 Gain on sale of EMEA staffing operations— (11.6)Earnings from operations10.8 26.8 Gain on forward contract— 1.2 Other income (expense), net(3.2)1.8 Earnings before taxes7.6 29.8 Income tax expense1.8 4.0 Net earnings$5.8 $25.8 Basic earnings per share$0.16 $0.71 Diluted earnings per share$0.16 $0.70 Average shares outstanding (millions):Basic35.0 35.4 Diluted35.5 35.8 

 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 Ended March 30,2025March 31,2024Net earnings$5.8 $25.8 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments, net of tax benefit $0.0 and $0.0, respectively1.3 (0.5)Less: Reclassification adjustments included in net earnings— (0.6)Foreign currency translation adjustments1.3 (1.1)Pension liability adjustments, net of tax benefit of $0.4— — Less: Reclassification adjustments included in net earnings— 0.4 Pension liability adjustments— 0.4 Other comprehensive income (loss)1.3 (0.7)Comprehensive income (loss)$7.1 $25.1 

See accompanying unaudited Notes to Consolidated Financial Statements.

5 

KELLY SERVICES, INC.