Kelly Services Inc. reports news on its specialty talent solutions business, including temporary staffing, outsourcing, permanent placement, and consulting services for employers and job seekers. The company operates through Enterprise Talent Management, Science, Engineering & Technology, and Education, with activity across the U.S. and international markets.
Recurring updates include quarterly earnings, adjusted profit measures, capital allocation, conference participation, leadership appointments, and workforce-solution developments. Education-related announcements include substitute educator programs, school staffing, pediatric therapy services, and the Kelly Pediatric Therapy brand within Kelly Education.
Kelly (Nasdaq: KELYA, KELYB) reported Q1 2021 revenue of $1.2 billion, reflecting a 4.4% decline year-over-year, with a 5.5% decrease in constant currency. Operating earnings reached $10.6 million, a significant recovery from a $111.8 million loss in Q1 2020, which included a goodwill impairment charge. Earnings per share for Q1 2021 stood at $0.64, boosted by a non-cash gain from Persol Holdings investment. The company highlighted strong demand across various segments and plans for further growth through M&A activities, noting that current demand exceeds pre-pandemic levels.
Kelly has been ranked No. 2 in Forbes' list of America’s Best Professional Recruiting and Temporary Staffing Firms, an accolade announced on May 6, 2021. This recognition follows a survey involving over 31,000 recruiters and 7,200 job candidates. Kelly has also been noted for its commitment to diversity and remote work, earning a perfect score in the Human Rights Campaign Foundation’s 2021 Corporate Equality Index. Celebrating its 75th anniversary, Kelly's transition to a specialty talent solutions company has led to significant growth across its five business units.
Kelly (Nasdaq: KELYA, KELYB) will announce its first quarter earnings on May 13, 2021, before market opening. An earnings presentation will be accessible on the Investor Relations page of its website, along with a conference call at 9 a.m. ET. Access to the call can be made via the website or telephone, and a recording will be available post-call. Kelly Services, a leader in talent solutions, employed nearly 370,000 people in 2020 and generated $4.5 billion in revenue.
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Kelly Services has acquired Softworld, a technology staffing firm, to enhance its specialization strategy and unlock growth opportunities. Softworld, generating over $100 million in revenue in 2020, will continue operating under its brand. This acquisition aims to expand Kelly's capabilities in fast-growing, high-margin specialties, particularly in IT staffing, projected to reach $31.7 billion in 2021. The merger is expected to harness Softworld's expertise in specialized technology roles to meet increasing demand driven by digital transformation.
Summary not available.
Kelly (Nasdaq: KELYA, KELYB) announced its participation in the Sidoti Spring 2021 Virtual Conference on March 24, 2021. The event will feature presentations from key executives, including CEO Peter Quigley and CFO Olivier Thirot, discussing the company's strategy and performance. The presentation starts at 10:00 a.m. ET and will be available for replay on their website thereafter. Kelly, a leader in specialty talent solutions, reported $4.5 billion in revenue for 2020 and employs nearly 370,000 people globally.
TROY, Mich., March 4, 2021 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB) will participate in the 2021 Truist Securities Technology, Internet & Services Conference virtually on March 10, 2021. Key executives, including Peter Quigley, Olivier Thirot, and James Polehna, will engage in virtual one-on-one meetings. Kelly reported a revenue of $4.5 billion in 2020, employing nearly 370,000 globally.
Kelly (Nasdaq: KELYA, KELYB) reported a 7.2% decline in Q4 2020 revenue to $1.2 billion, impacted by COVID-19. Adjusted operating earnings were $13.9 million, down from $28.8 million in Q4 2019, with diluted EPS at $0.59. The company faced a full-year operating loss of $93.6 million, including significant impairment charges. Despite challenges, sequential revenue improvement was noted across all operating segments in Q4. Looking forward, Kelly's leadership expressed optimism for recovery and growth in 2021.
Kelly Education, the leading preK-12 education talent provider in the U.S., announced the launch of virtual and in-person tutoring services to address learning losses caused by the pandemic. This initiative will be closely integrated into schools in 42 states and focus on core academic subjects. With a substantial talent pool of diverse educators, Kelly aims to not only enhance student achievement but also support teachers overwhelmed by pandemic challenges. The program draws on over 20 years of collaboration with school districts, promising effective, curriculum-aligned tutoring.