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Kelly Services, Inc., also known as Kelly, is a global specialty talent solutions provider offering workforce solutions and consulting services. With operations in various sectors like financial services, IT, law, and more, the company is divided into five segments, including Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Kelly recently acquired Motion Recruitment Partners, LLC, expanding its market-leading solutions portfolio and enhancing its focus on higher-margin, higher-growth specialty outcome-based and staffing services. The acquisition is part of Kelly's strategy to pursue inorganic investments, unlock significant capital, and optimize its operating model, aligning with its goal to provide top-quality talent solutions.
Kelly Services has acquired Softworld, a technology staffing firm, to enhance its specialization strategy and unlock growth opportunities. Softworld, generating over $100 million in revenue in 2020, will continue operating under its brand. This acquisition aims to expand Kelly's capabilities in fast-growing, high-margin specialties, particularly in IT staffing, projected to reach $31.7 billion in 2021. The merger is expected to harness Softworld's expertise in specialized technology roles to meet increasing demand driven by digital transformation.
Kelly (Nasdaq: KELYA, KELYB) announced its participation in the Sidoti Spring 2021 Virtual Conference on March 24, 2021. The event will feature presentations from key executives, including CEO Peter Quigley and CFO Olivier Thirot, discussing the company's strategy and performance. The presentation starts at 10:00 a.m. ET and will be available for replay on their website thereafter. Kelly, a leader in specialty talent solutions, reported $4.5 billion in revenue for 2020 and employs nearly 370,000 people globally.
TROY, Mich., March 4, 2021 (GLOBE NEWSWIRE) -- Kelly (Nasdaq: KELYA, KELYB) will participate in the 2021 Truist Securities Technology, Internet & Services Conference virtually on March 10, 2021. Key executives, including Peter Quigley, Olivier Thirot, and James Polehna, will engage in virtual one-on-one meetings. Kelly reported a revenue of $4.5 billion in 2020, employing nearly 370,000 globally.
Kelly (Nasdaq: KELYA, KELYB) reported a 7.2% decline in Q4 2020 revenue to $1.2 billion, impacted by COVID-19. Adjusted operating earnings were $13.9 million, down from $28.8 million in Q4 2019, with diluted EPS at $0.59. The company faced a full-year operating loss of $93.6 million, including significant impairment charges. Despite challenges, sequential revenue improvement was noted across all operating segments in Q4. Looking forward, Kelly's leadership expressed optimism for recovery and growth in 2021.
Kelly Education, the leading preK-12 education talent provider in the U.S., announced the launch of virtual and in-person tutoring services to address learning losses caused by the pandemic. This initiative will be closely integrated into schools in 42 states and focus on core academic subjects. With a substantial talent pool of diverse educators, Kelly aims to not only enhance student achievement but also support teachers overwhelmed by pandemic challenges. The program draws on over 20 years of collaboration with school districts, promising effective, curriculum-aligned tutoring.
Kelly (Nasdaq: KELYA, KELYB) plans to release its fourth quarter and full year earnings on February 18, 2021, before the market opens. A conference call will take place at 9:00 a.m. ET, which can be accessed via phone or online. The recording will be made available later the same day. Kelly Services, a leading specialty talent solutions provider, employs around 440,000 people globally and reported revenue of $5.4 billion in 2019. The company continues to connect talent with opportunities in various sectors, emphasizing innovative workstyles.
Kelly Education has launched a new certification program in partnership with Teachers of Tomorrow, aimed at addressing the teacher shortage in the U.S. The 'earn while you learn' initiative allows individuals with a bachelor’s degree to work as substitute teachers while completing an online curriculum to obtain certification in approximately 12 months. This affordable program assists participants in gaining practical classroom experience and eligibility for state licensing exams, supporting a smoother transition into teaching roles.
Deb Thorpe will retire in January 2021 after a 20-year career in staffing, including 13 years at Kelly. Under her leadership, Kelly's Professional & Industrial (P&I) unit adapted successfully during COVID-19, transitioning to a virtual work model. Thorpe's legacy includes founding Leadership in Action, promoting future female leaders. Tim Dupree, with 20 years at Kelly, will succeed Thorpe, focusing on profitable growth in office professional and industrial sectors across the U.S., Canada, and Puerto Rico.
Kelly (Nasdaq: KELYA, KELYB) has acquired Greenwood/Asher & Associates, an executive search firm focusing on higher education, effective November 18. The financial terms of the acquisition remain undisclosed. Following this acquisition, Kelly aims to broaden its services beyond K-12 into higher education, addressing the growing demand for talent in education. This marks Kelly Education's third acquisition in four years, reinforcing its position as a leading provider of education workforce solutions.
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