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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.
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Kelly (Nasdaq: KELYA, KELYB) to Participate in 19th Annual Noble Capital Markets Emerging Growth Equity Conference
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American Education Week: Importance of Supporting U.S. Schools and Institutions
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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.
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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.
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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.
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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.
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KellyOCG recognized as a Leader and Star Performer by Everest Group for its consulting services and technology stack
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Kelly named to FlexJobs' Top 100 Companies for Hybrid Jobs
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Kelly Arc is a new online recruitment platform that connects employers with job seekers who specialize in AI-powered automation.
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Kelly Engineering named Leader on Everest Group's U.S. Contingent Staffing PEAK Matrix® for second consecutive year. Recognized for specialist approach, technology investments, and managed services. Kelly earns highest marks for vision and capability. Kelly Technology named Major Contender for IT. Kelly's strengths include broad spectrum of staffing services, strong capabilities in sourcing talent, investments in technology and analytics solutions, focus on learning and upskilling services, and commitment to diversity, equity and inclusion. Kelly Engineering has significant market impact and strong capabilities in engineering segments. Positioning as Leader on Everest Group's U.S. Engineering Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2023. Kelly recognized among best contingent staffing providers.
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FAQ
What is the current stock price of Kelly Services (KELYB)?
The current stock price of Kelly Services (KELYB) is $14.2 as of November 22, 2024.
What is the market cap of Kelly Services (KELYB)?
The market cap of Kelly Services (KELYB) is approximately 511.0M.
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
511.00M
31.01M
96.59%
1.33%
Staffing & Employment Services
Services-help Supply Services
United States of America
TROY