Company: KELYB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000055135-25-000052
Chunk: 1

Company: KELLY SERVICES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 June 29,2025June 30,2024June 29,2025June 30,2024Net earnings$19.0 $4.6 $24.8 $30.4 Other comprehensive income (loss), net of tax:  Foreign currency translation adjustments, net of tax expense of $0.6, $0.0, $0.6 and $0.0, respectively5.0 (2.0)6.3 (2.5)Less: Reclassification adjustments included in net earnings— — — (0.6)Foreign currency translation adjustments5.0 (2.0)6.3 (3.1)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)5.0 (2.0)6.3 (2.7)Comprehensive income (loss)$24.0 $2.6 $31.1 $27.7 

See accompanying unaudited Notes to Consolidated Financial Statements.

5 

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(UNAUDITED)

(In millions)June 29,2025December 29, 2024AssetsCurrent Assets  Cash and equivalents$18.0 $39.0 Trade accounts receivable, less allowances of $10.8 and $8.4, respectively1,181.1 1,255.5 Prepaid expenses and other current assets54.0 71.0 Total current assets1,253.1 1,365.5 Noncurrent AssetsProperty and equipment:Property and equipment142.0 140.0 Accumulated depreciation(119.2)(114.2)Net property and equipment22.8 25.8 Operating lease right-of-use assets44.5 47.0 Deferred taxes337.3 330.1 Retirement plan assets272.1 258.1 Goodwill304.1 304.2 Intangibles, net241.0 256.3 Other assets37.0 45.3 Total noncurrent assets1,