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Kelly Services Inc - KELYB STOCK NEWS

Welcome to our dedicated page for Kelly Services news (Ticker: KELYB), a resource for investors and traders seeking the latest updates and insights on Kelly Services stock.

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.

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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.

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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.

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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.

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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.

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

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

The current stock price of Kelly Services (KELYB) is $14 as of December 16, 2024.

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

The market cap of Kelly Services (KELYB) is approximately 498.5M.

What is Kelly Services, Inc.?

Kelly Services, Inc. is a global specialty talent solutions provider offering workforce solutions and consulting services.

How many business segments does Kelly have?

Kelly is divided into five segments: Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International.

What recent acquisition did Kelly make?

Kelly recently acquired Motion Recruitment Partners, LLC, expanding its market-leading solutions portfolio.

What is the focus of Kelly's strategy?

Kelly's strategy focuses on higher-margin, higher-growth specialty outcome-based and staffing services.

How does Kelly aim to unlock capital?

Kelly executes strategic actions like selling non-core assets and optimizing its operating model to unlock capital.

What is the goal of Kelly's inorganic investments?

Kelly's inorganic investments aim to provide top-quality talent solutions and enhance its market position.

Kelly Services Inc

Nasdaq:KELYB

KELYB Rankings

KELYB Stock Data

498.54M
31.01M
96.59%
1.33%
Staffing & Employment Services
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United States of America
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