Kelly Services Inc - KELYA STOCK NEWS

Kelly has been named to FlexJobs’ annual list of the Top 100 Companies to Watch for Remote Jobs for the eleventh consecutive year. The global workforce solutions provider is one of only six employers to have been recognized every year since the list’s inception in 2014. The list is based on an analysis of approximately 60,000 companies and their remote job posting histories in the FlexJobs database between Jan. 1 and Dec. 31, 2023. Kelly is one of 100 companies that had the highest number of remote job openings throughout 2023. A 'remote job' is defined as a professional-level role that allows the employee to work from home either entirely or part of the time. The recognition comes after Kelly was also ranked by FlexJobs as the No. 2 company for hybrid jobs in 2023. According to FlexJobs, 95% of workers want some form of remote work moving forward, and there has been an 11% increase in the number of remote job listings in 2023 over 2022.

Kelly, a global specialty talent solutions provider, will release its Q4 earnings on February 15, 2024, and host a conference call at 9 a.m. ET. The financial presentation will be available on the Investor Relations page of its website. Access to the conference call and recording details are provided in the press release.

Kelly (Nasdaq: KELYA, KELYB) completes the sale of its European staffing business to Gi Group Holdings S.P.A. to sharpen its focus on higher margin, higher growth global managed service provider (MSP) and recruitment process outsourcing (RPO), and North American specialty outcome-based and staffing services. The cash proceeds from the sale will be redeployed in pursuit of growth through organic and inorganic investments.

Kelly (Nasdaq: KELYA, KELYB) to Participate in 19th Annual Noble Capital Markets Emerging Growth Equity Conference

American Education Week: Importance of Supporting U.S. Schools and Institutions

Kelly - Recognized as 2024 Military Friendly® Employer and Military Friendly® Spouse Employer. The company has been honored for its commitment to recruiting and promoting veterans and their spouses. Kelly partners with various military organizations and has hired more than 6,600 veterans in 2023.

Kelly (Nasdaq: KELYA, KELYB) announced break-even Q3 operating earnings, up 60% to $15.5 million on an adjusted basis. Q3 revenue down 4.3% or 5.8% in constant currency. Adjusted EBITDA margin increased to 2.3% from 1.6% in the prior year due to reduced operating expenses. Sale of European staffing operations and growth initiatives expected to drive further margin expansion.

Kelly, a global specialty talent solutions provider, has entered into an agreement to sell its European staffing business to Gi Group Holdings for up to €130 million. The transaction is expected to close in Q1 2024. Kelly will retain its managed service provider, recruitment process outsourcing, and functional service provider business in the EMEA region. The sale will enable Kelly to focus on higher margin, higher growth solutions and unlock capital for organic and inorganic growth.

Kelly, a specialty talent solutions provider, will release its Q3 earnings on November 9, 2023. A financial presentation will be published on the Investor Relations page of its website and a conference call will be held at 9 a.m. ET. Access details provided.