Kelly Services Inc - KELYA STOCK NEWS

Kelly reported Q1 2024 revenue of $1.05 billion, a 17.6% decrease due to sale of European staffing operations. Operating earnings were $26.8 million, up 34% on an adjusted basis. Adjusted EBITDA margin increased to 3.2%. Expect further margin expansion from acquiring MRP in Q2 2024. EPS improved to $0.70 from $0.29 in Q1 2023. Declared dividend of $0.075 per share.

Kelly (Nasdaq: KELYA, KELYB) will be participating in the 18th Annual Barrington Research Virtual Spring Investment Conference on May 16, 2024. The company's key executives will engage in one-on-one meetings, and their investor presentation is accessible on their website.

Kelly (Nasdaq: KELYA, KELYB) has entered into an agreement to acquire Motion Recruitment Partners, for $425 million in cash plus $60 million earnout potential. This transformational acquisition aims to enhance Kelly's staffing and consulting solutions, especially in technology, telecommunications, government specialties, and recruitment process outsourcing (RPO) globally. The deal is expected to close in the second quarter of 2024, subject to regulatory approvals.

KellyOCG has partnered with Upwork Enterprise to offer clients access to global independent talent pools through Helix UX. This strategic partnership allows KellyOCG clients to source, hire, and collaborate with skilled professionals on Upwork through Kelly's Human Cloud solution.

Kelly, a global specialty talent solutions provider, will release its first-quarter 2024 earnings on May 9, 2024. The company will host a conference call at 9 a.m. ET and provide a financial presentation on its website. Investors can access the call and recording through various channels.

KellyOCG, a division of Kelly (Nasdaq: KELYA, KELYB), has been recognized as a Partner-level supplier in the John Deere Achieving Excellence Program for 2023. The company provides Managed Service Provider (MSP) and Recruitment Process Outsourcing (RPO) solutions to John Deere in the U.S. and Canada. KellyOCG's dedication to quality products and services, continuous improvement, and cost-reduction ideas has earned them this prestigious status. They have been recognized four times as a Partner-level supplier, showcasing their commitment to excellence.

Kelly, a global specialty talent solutions provider, will be attending the Sidoti Virtual Investor Conference on March 13, 2024.

Kelly (Nasdaq: KELYA, KELYB) announced Q4 operating earnings of $7.3 million, up 59% to $22.1 million on an adjusted basis. Q4 revenue was flat, down 1.3% in constant currency. The company expects Q1 2024 sale of European staffing operations to drive further expansion of EBITDA margin.

Dr. Aimee Green-Webb, the chief human resources officer for Kentucky’s Jefferson County Public Schools, was honored with the Distinguished Service Award at the 2024 Chief Human Resources Officers Meeting. Sponsored by Kelly Education, the award recognizes her exceptional contributions to urban education and her leadership in recruitment, staffing, and retention for the nation’s 30th largest school district.