Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 88

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 front- and back-office systems within SET leveraging MRP’s leading technology stack to consolidate disparate systems thus reducing complexity and driving efficiency. 

Our progress in the second quarter reflects our commitment to staying close to our customers and leveraging our differentiated capabilities to provide them with innovative workforce solutions. 

Financial Measures 

Reported percentage changes were computed based on actual amounts in thousands of dollars.

EBITDA (earnings before interest, taxes, depreciation and amortization) and EBITDA margin (EBITDA divided by revenue from services) are measures used for understanding our ability to generate cash flow and for judging overall operating performance.  EBITDA measures are non-GAAP (Generally Accepted Accounting Principles) measures and are used to supplement measures in accordance with GAAP.  Our non-GAAP measures may be calculated differently from those provided by other companies, limiting their usefulness for comparison purposes.  Non-GAAP measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

Days sales outstanding (“DSO”) represents the number of days that sales remain unpaid for the period being reported.  DSO is calculated by dividing average net sales per day (based on a rolling three-month period) into trade accounts receivable, net of allowances at the period end.  Although secondary supplier revenues are recorded on a net basis (net of secondary supplier expense), secondary supplier revenue is included in the daily sales calculation in order to properly reflect the gross revenue amounts billed to the customer.

NM (not meaningful) in the following tables is used in place of percentage changes where: the change is in excess of 500%, the change involves a comparison between earnings and loss amounts, or the comparison amount is zero.

32 

Results of Operations

Total Company 

(Dollars in millions)

Second QuarterJune Year-to-Date  20252024% Change20252024% ChangeRevenue from services$1,101.8 $1,057.5 4.2 %$2,266.7 $2,102.6 7.8 %Gross profit225.5 213.7 5.5 462.0 419.4 10.2 SG&A expenses excluding integration, realignment, and restructuring charges and depreciation and amortization188.8 174.7 8.0 391.0 352.7 10.8 Integration, realignment and restructuring charges6.0 4.3 40.2 16.7