Kelly Svcs Inc - KELYA STOCK NEWS

Kelly has earned the 2025 Military Friendly® Employer and Military Friendly® Spouse Employer designations, marking its 10th year of recognition. The company achieved Gold category status among over 1,200 participating organizations. Through its Veteran Affinity Group, Kelly has hired more than 7,400 veterans in 2024 alone. The company partners with military bases, workforce centers, and organizations like Private Public Partnership and Hiring Our Heroes to connect service members with employment opportunities.

The evaluation process included public data sources and proprietary survey responses, with final ratings determined by combining survey scores and assessments of recruitment, retention, turnover, and advancement of military personnel.

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.

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).

Kelly Education and Elevate K-12 have announced a strategic partnership to address the teacher vacancy crisis in U.S. schools. This collaboration combines Kelly Education's network of classroom coaches with Elevate K-12's virtual teaching platform and certified teacher pool. The partnership aims to provide school districts with a seamless staffing solution that integrates LIVE virtual instruction with on-ground support, ensuring effective education without compromising quality.

Kelly Education, serving over 10,000 school partners, and Elevate K-12, having taught more than 350,000 students, will work together to offer a holistic educational experience. This initiative addresses the challenges of unfilled positions and expanding class sizes, providing schools with additional resources to maintain the continuity of learning.

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.

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.

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.

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.

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.