Welcome to our dedicated page for Kelly Svcs news (Ticker: KELYB), a resource for investors and traders seeking the latest updates and insights on Kelly Svcs stock.
News and updates about Kelly Services, Inc. (Nasdaq: KELYA, KELYB) focus on its role as a specialty talent solutions provider and human resources consulting company. As an issuer of Class A and Class B common stock listed on The Nasdaq Stock Market LLC, Kelly regularly releases information that is relevant for investors, clients, and job seekers following KELYB news.
Company news often includes earnings announcements and financial updates, where Kelly reports revenue trends, segment performance, operating results, and commentary on labor market conditions. These releases provide insight into how its Professional & Industrial, Science, Education, Outsourcing & Consulting Group, and International segments are performing, as well as how acquisitions and structural changes affect the business.
Kelly also issues news about its outsourcing and consulting operations, such as KellyOCG and KellyOCG + Sevenstep. These stories highlight recognition in industry benchmarks like HRO Today’s Baker’s Dozen rankings and Everest Group’s PEAK Matrix assessments for contingent workforce management, recruitment process outsourcing, and services procurement. Such coverage helps readers understand Kelly’s positioning in managed services, total workforce solutions, and RPO markets.
Additional KELYB news items feature education workforce initiatives through Kelly Education, including the introduction of frameworks like the LEARN Standards for substitute teachers and paraeducators. Kelly also publishes research-driven reports, such as the Kelly Global Re:work Report and Motion Recruitment’s Tech Salary Guide, which examine AI adoption, workforce skills, and compensation trends across technology and other sectors.
Visitors to this page can review a continuous feed of these press releases and corporate announcements to follow developments in Kelly’s strategy, leadership changes disclosed via Form 8-K, capital markets activity, and its evolving approach to workforce solutions.
Kelly (Nasdaq: KELYA, KELYB) reported Q3 2020 revenue of $1.0 billion, a decline of 18.1% year-over-year due to continued COVID-19 demand issues. The company recorded an operating loss of $2.4 million and adjusted earnings of $7.0 million, down from $17.0 million in Q3 2019. Diluted earnings per share were $0.42 or $0.29 adjusted, compared to $0.43 last year. The quarter included a non-cash gain from an investment in Persol Holdings, offset by customer dispute losses.
Kelly (Nasdaq: KELYA, KELYB) is set to announce its third quarter earnings on November 5, 2020, before market opening. A conference call for investors will follow at 9:00 a.m. ET, accessible via phone or streaming online. Kelly specializes in connecting skilled professionals across various sectors including Science and Engineering, employing around 440,000 individuals globally. The company reported a revenue of $5.4 billion in 2019, underscoring its significant role in the talent solutions industry.
Kelly has launched the Equity@Work initiative aimed at creating a more equitable labor market by transforming hiring practices and addressing systemic barriers. CEO Peter Quigley announced key changes, including removing salary and criminal history from applications and updating drug offense policies. Collaborations with organizations such as the SHRM Foundation and the Detroit Regional Talent Compact will focus on improving access to education and job opportunities. This initiative seeks to connect more diverse candidates with employment opportunities and enhance inclusivity in the workforce.
Kelly (Nasdaq: KELYA, KELYB), a prominent specialty talent solutions provider, will present at the Sidoti Fall 2020 Virtual Investor Conference on September 23 & 24, 2020. Key executives, including Peter Quigley, Olivier Thirot, and James Polehna, will discuss the company's strategy and performance. The presentation is scheduled for 2:30 p.m. ET on September 24 and will be accessible via kellyservices.com. An audio replay will be available post-event.
Kelly announced the appointment of Vanessa Williams as Senior Vice President and General Counsel, effective immediately. Vanessa brings over 24 years of legal experience, previously serving at IHS Markit and R.L. Polk. She will oversee Kelly's legal and corporate security teams, manage compliance, and provide strategic legal guidance. CEO Peter Quigley expressed confidence that her background will support the company's growth strategy. Vanessa holds a Juris Doctorate from William & Mary Law School and an MBA from Wayne State University.
Kelly has appointed two key executives to enhance their staffing strategy: Amy Bouque as Chief HR Officer for full-time employees, and Jocelyn Lincoln as Chief Talent Officer focused on temporary workers. Bouque, previously with Ally Financial, is tasked with improving HR practices, while Lincoln, with 21 years at Kelly, aims to enhance the experience for temporary workers. CEO Peter Quigley expressed that both roles are crucial as Kelly navigates the evolving workforce landscape, emphasizing the importance of a strong temporary worker experience.