Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 28

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 Cost of services(1)416.2 234.9 226.2 (1.0)876.3 Direct salaries(2)61.346.5 15.1 Other segment expenses(3)31.616.6 10.4 SG&A expenses92.963.125.5— 181.5 Business unit profit (loss)$11.1 $19.3 $13.6 $— $44.0 Corporate SG&A$(13.3)Gain on sale of EMEA staffing operations4.0 Depreciation and amortization(4)(12.5)Consolidated earnings from operations22.2 Other income (expense), net(2.3)Earnings before taxes$19.9 June Year-to-Date 2025(In millions of dollars)ETMSETEducationInter-SegmentConsolidatedRevenue from services$1,054.2 $639.7 $574.3 $(1.5)$2,266.7 Cost of services(1)842.2 475.0 489.0 (1.5)1,804.7 Direct salaries(2)129.8 97.1 31.5 Other segment expenses(3)64.3 34.9 20.9 SG&A expenses194.1 132.0 52.4 — 378.5 Business unit profit (loss)$17.9 $32.7 $32.9 $— $83.5 Corporate SG&A$(29.2)Gain on sale of EMEA staffing operations4.0 Depreciation and amortization(4)(25.3)Consolidated earnings from operations33.0 Other income (expense), net(5.5)Earnings before taxes$27.5 

28 

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

(1)  Cost of services are those costs directly associated with the earning of revenue.  The primary examples of these types of costs are temporary employee wages, along with other employee related costs, including associated payroll taxes, temporary employee benefits, such as service bonus and holiday pay and health insurance, and workers’ compensation costs.  These costs differ fundamentally from SG&A expenses in that they arise specifically from the