Kelly Svcs Inc Stock Price, News & Analysis

KellyOCG, the outsourcing and consulting division of Kelly (Nasdaq: KELYA, KELYB), has achieved the prestigious Partner-level supplier status in the John Deere Achieving Excellence Program for 2024. This represents Deere & Company's highest supplier rating, marking KellyOCG's fifth recognition at this level.

As a provider of Managed Service Provider (MSP) and Recruitment Process Outsourcing (RPO) solutions to John Deere's operations in the U.S. and Canada, KellyOCG earned this distinction for their outstanding service quality and dedication to continuous improvement. The annual evaluation covers key performance areas including quality, delivery, process alignment, value creation, and relationship.

KellyOCG Vice President Leigh Epps emphasized the significance of this recognition, highlighting their commitment to building a skilled and agile workforce through their partnership with Deere & Company.

Kelly (NYSE: KELYA), a global specialty talent solutions provider, has scheduled its first-quarter 2025 earnings release for Thursday, May 8, 2025, before market opening. The company will host a conference call with financial analysts at 9 a.m. ET on the same day.

The earnings presentation will be accompanied by a live webcast where analysts can review quarterly results and participate in a Q&A session. Both the financial presentation and webcast link will be available on Kelly's Investor Relations page under Events & Presentations. For those unable to attend live, a recording will be accessible within an hour after the event through the same webcast link.

Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, has announced its participation in the upcoming Sidoti Virtual Investor Conference scheduled for Wednesday, March 19, 2025.

Key executives participating in one-on-one meetings include Peter Quigley (President and CEO), Troy Anderson (EVP and CFO), and Scott Thomas (Head of Investor Relations). The company's investor presentation is currently accessible on Kelly's website.

Kelly (KELYA) has announced the integration of KellyOCG's global recruitment process outsourcing (RPO) with Motion Recruitment Partners' Sevenstep brand, forming a unified permanent hiring solutions business line. The combined entity ranks among the top five globally in talent solutions.

Amy Bush, former president of Sevenstep, will lead the integrated business as president of RPO, KellyOCG/Sevenstep. The operation spans 71 countries with 33 in-country teams and 19 global hub locations. The integration follows Kelly's 2024 acquisition of Motion Recruitment Partners and its Sevenstep brand.

The merger leverages Sevenstep's industry-leading brand and client base while expanding KellyOCG's RPO scale and capabilities. A key differentiator is their innovative technology, including a proprietary talent data integration and predictive analytics platform.

Kelly (KELYA) reported Q4 2024 results with revenue of $1.2 billion, down 3.3% year-over-year but up 4.4% on an organic basis. The company posted a Q4 operating loss of $56.7 million due to $80.8 million in non-cash impairment charges, while adjusted EBITDA increased 34% to $43.5 million with a margin of 3.7%.

Full-year 2024 revenue was $4.3 billion, down 10.4% as reported but up 0.5% organically. The company reported a full-year operating loss of $15.1 million due to impairment charges, while adjusted EBITDA grew 31% to $143.5 million with a 3.3% margin.

The company announced CEO Peter Quigley's planned retirement by the end of 2025. For first half 2025, Kelly expects approximately 10% revenue growth due to the Motion Recruitment Partners acquisition, with modest organic growth and adjusted EBITDA margin improvement of 10 basis points to 3.6%.

Kelly has announced it will release its fourth-quarter and full-year 2024 earnings before market opening on Thursday, February 13, 2025. The global specialty talent solutions provider will accompany this release with a financial presentation and host a conference call with financial analysts at 9 a.m. ET on the same day.

The presentation and live webcast will be available on the company's website's Investor Relations page under Events & Presentations. For those unable to attend the live event, a recording will be accessible within an hour after the webcast's completion through the same link.

Kelly (KELYA) has been recognized on FlexJobs' Top 100 Companies to Watch for Remote Jobs list for the 12th consecutive year, ranking fourth in 2025. The company is among only six employers to maintain this recognition since the list's inception in 2014. The ranking is based on an analysis of approximately 60,000 companies and their remote job posting history throughout 2024.

Kelly introduced its Kelly Anywhere program nine years ago, enabling corporate employees to work from home. The company has been offering at-home call center positions since 2009 through KellyConnect®, currently employing over 3,100 remote agents in its contact center outsourcing business.

Kelly (Nasdaq: KELYA) announced a new share repurchase program of up to $50 million of its Class A common stock, effective through December 2, 2026. CEO Peter Quigley highlighted the company's strategy of monetizing non-core assets, focusing on higher-margin specialties, and achieving EBITDA margin expansion. The repurchases may be executed through open market, private transactions, or other means, including Rule 10b5-1 trading plans. The program will be funded through available cash, working capital, credit facility capacity, or operational cash flows, and can be suspended at any time.

Kelly (KELYA) announced the completion of its CFO transition, with Troy Anderson, who joined in October 2024, succeeding Olivier Thirot effective December 2, 2024. Thirot will continue serving as a strategic advisor after retiring as an officer. Anderson expressed commitment to accelerating growth, expanding EBITDA margins, and creating shareholder value. The company also announced its participation in the Sidoti Virtual Investor Conference on December 4, 2024, where executives will conduct one-on-one meetings.