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Kelly Svcs Inc Stock Price, News & Analysis

KELYB Nasdaq

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.

Kelly Services Inc (KELYB) delivers innovative workforce solutions and staffing services across industries worldwide. This news hub provides investors and professionals with timely updates on corporate developments, strategic initiatives, and market positioning in the competitive talent acquisition sector.

Access essential information including earnings reports, partnership announcements, leadership updates, and operational expansions. Our curated collection offers a comprehensive view of KELYB's evolving strategies in professional staffing, engineering recruitment, and education sector solutions.

Key updates feature acquisitions like Motion Recruitment Partners, financial performance insights, and analysis of industry-specific workforce demands. This resource serves as your centralized reference for understanding KELYB's role in shaping global employment trends and specialized talent placement.

Bookmark this page for direct access to verified press releases and objective reporting on Kelly Services' market movements. Stay informed about critical developments affecting one of the staffing industry's most established providers through regularly updated, authoritative content.

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Kelly (KELYA) reported Q3 2024 revenue of $1.04 billion, down 7.1% year-over-year, primarily due to the sale of European staffing operations. Excluding this sale and the MRP acquisition, organic revenue declined 0.2%. Q3 operating earnings were $2.6 million, with adjusted earnings at $11.7 million, down 24.5%. The company reported earnings per share of $0.02, compared to $0.18 in Q3 2023, with adjusted EPS at $0.21 versus $0.50. Education segment showed double-digit growth, while MSP and RPO revenue remained stable. The board declared a dividend of $0.075 per share, payable December 4, 2024.

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Kelly, a global specialty talent solutions provider, has announced its third-quarter 2024 earnings release and conference call schedule. The company will release earnings before market opening on Thursday, November 7, 2024, accompanied by a financial presentation on their Investor Relations webpage.

A conference call will be held at 9 a.m. ET the same day, accessible via kellyservices.com or by phone using access code 5728672. A recording will be available after 1:30 p.m. ET using access code 9480328#, accessible through both the website and phone numbers (866) 207-1041 (toll-free) or (402) 970-0847 (caller-paid).

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Kelly has been recognized as a Leader in Everest Group's 2024 US Contingent Staffing PEAK Matrix® assessments for both business and professional as well as industrial staffing. The company received the highest marks for vision and capability among business and professional workforce providers. Kelly's leadership position is attributed to its:

  • Diverse industry portfolio
  • Statement-of-work-driven approach
  • Expertise in contact center outsourcing through KellyConnect®
  • Focus on resilient industrial segments
  • Upskilling solutions
  • Investments in technology, including the Kelly Now® digital staffing platform

Kelly's innovative solutions, such as Skilled Professional Solutions (SPS) and KellyConnect, offer clients flexible staffing options and provide enhanced benefits to workers. The company's recognition highlights its commitment to connecting job seekers with clients through creative staffing solutions.

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Kelly Engineering® has been named a Leader and Star Performer on Everest Group's 2024 PEAK Matrix® Assessment for US Engineering Contingent Talent and Strategic Solutions, marking its third consecutive year as a Leader in the engineering category. Kelly earned the highest marks for vision and capability among evaluated providers.

The assessment is based on market impact, vision, and capability across seven categories. Kelly Engineering's success is attributed to its ability to cater to diverse industries, source in-demand engineering talent, and expand offerings in engineering managed services. The company specializes in recruiting expert engineering talent in industries such as semi-conductors, industrial automation, automotive, and medical devices, providing a full range of services from statementworX™ SOW solutions to direct hire.

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Kelly (Nasdaq: KELYA, KELYB) has announced a significant leadership change. Troy R. Anderson will become the new executive vice president and chief financial officer designate, effective October 14, 2024. He will succeed Olivier Thirot, who announced his retirement on July 8, 2024. Anderson brings over 30 years of experience in finance and accounting, most recently serving as CFO at Universal Technical Institute, Inc.

Kelly's CEO, Peter Quigley, expressed confidence in Anderson's ability to align with the company's goals and accelerate growth. The transition is part of Kelly's strategy to enhance its position as a global specialty talent solutions provider and drive long-term value creation. Thirot will remain as a strategic advisor to ensure a smooth transition.

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KellyOCG, part of Kelly (Nasdaq: KELYA, KELYB), has partnered with Brightfield to integrate TDX AI into its Kelly Helix technology platform. This integration provides clients with real-time contingent labor insights and access to Brightfield's AI-powered market intelligence platform. Key features include:

- In-depth extended workforce economics benchmarks
- Automated statement of work (SOW) analysis
- Improved rate card management
- On-demand data and job title recommendations
- SOW market rate comparisons

The partnership aims to enhance decision-making for procurement and HR teams, potentially saving companies 10-20% in vendor costs. Kelly Helix's advanced technology stack now offers real-time, customized data for better management of external workforces, including access to KellyOCG's Human Cloud solution for freelance talent management.

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Kelly (Nasdaq: KELYA, KELYB) reported Q2 2024 earnings with operating earnings of $12.2 million, up from $6.2 million in Q2 2023. Adjusted earnings rose to $28.1 million, a 95% increase. Revenue decreased 13.1% to $1.06 billion, primarily due to the sale of European staffing operations. However, organic revenue grew 0.6%. The adjusted EBITDA margin improved by 170 basis points to 3.7%, driven by reduced operating expenses from business transformation initiatives. The acquisition of Motion Recruitment Partners (MRP) in May 2024 is expected to further expand EBITDA margins. Adjusted EPS increased significantly to $0.71 from $0.36 in Q2 2023. Kelly declared a dividend of $0.075 per share, payable on September 4, 2024.

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Kelly Education has been approved by the Missouri Department of Elementary and Secondary Education (DESE) to provide substitute teacher training. This designation allows Kelly Education to offer a 20-hour comprehensive curriculum for individuals aspiring to become substitute teachers in Missouri. The program aims to address teacher shortages and support schools with qualified substitute educators.

Key points:

  • Kelly Education is one of only three approved vendors in Missouri
  • The training is offered at a reduced cost of $99.99
  • Curriculum covers essential areas such as instructional strategies and managing student behavior
  • Applicants have 90 days to complete the training once started
  • Background checks are required for new certificates or new hires
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Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, has announced its participation in the Sidoti Virtual Investor Conference on Wednesday, August 14, 2024. Key executives, including Peter Quigley (president and CEO), Olivier Thirot (EVP and CFO), and Scott Thomas (head of investor relations), will engage in one-on-one meetings during the event.

The company has made its investor presentation available on its official website, allowing interested parties to access important information about Kelly's financial performance and strategic direction. This participation in the Sidoti conference provides an opportunity for Kelly to showcase its position in the talent solutions market and engage with potential investors.

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Kelly, a global specialty talent solutions provider, has announced its second-quarter 2024 earnings release and conference call schedule. The company will release its earnings before the market opens on Thursday, August 8, 2024. Kelly will also publish a financial presentation on its Investor Relations webpage.

The conference call is set for 9 a.m. ET on the same day. Investors can access the call via the internet at kellyservices.com or by phone using the toll-free number (877) 692-8955 or caller-paid number (234) 720-6979, with access code 5728672.

A recording of the call will be available after 1:30 p.m. ET on August 8, 2024, accessible by phone or on the company's website.

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FAQ

What is the current stock price of Kelly Svcs (KELYB)?

The current stock price of Kelly Svcs (KELYB) is $12.5 as of July 31, 2025.

What is the market cap of Kelly Svcs (KELYB)?

The market cap of Kelly Svcs (KELYB) is approximately 453.4M.
Kelly Svcs Inc

Nasdaq:KELYB

KELYB Rankings

KELYB Stock Data

453.42M
30.57M
96.59%
1.33%
Staffing & Employment Services
Services-help Supply Services
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United States
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