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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 reported Q2 revenue of $1.3 billion, a 0.7% increase from last year, with a 2.7% rise in constant currency. Operating earnings were $8.2 million and EPS was $0.06, down from $0.60 a year ago due to a non-cash impairment charge related to operations in Russia. Adjusted operating earnings surged 63% to $22.3 million, driven by revenue growth and improved gross profit rates. The company declared a dividend of $0.075 per share, payable September 7, 2022.
Kelly (Nasdaq: KELYA, KELYB) will participate in the Sidoti Virtual Investor Conference on August 17, 2022. Key executives, including CEO Peter Quigley and CFO Olivier Thirot, will hold virtual one-on-one meetings. Investors can access Kelly's investor presentation at kellyservices.com. In 2021, Kelly reported revenues of $4.9 billion and connects over 350,000 employees globally, specializing in various sectors such as Science, Engineering, and Education.
Kelly (Nasdaq: KELYA, KELYB) will announce its second-quarter earnings on August 11, 2022, before the market opens. In conjunction with this release, a financial presentation will be made available on the Investor Relations page. A conference call is scheduled for 9 a.m. ET on the same day, accessible via telephone and online. Participants can access a recording after 2:30 p.m. ET. Kelly Services connects over 350,000 employees globally, generating approximately $4.9 billion in revenue in 2021.
Kelly has launched a new RPO solution, Kelly Ace, designed to enhance the recruitment process by using a chatbot to guide candidates through applications. This tool streamlines the experience for candidates applying for high-volume roles and integrates with employers' Applicant Tracking Systems (ATS) to minimize manual data entry. Kelly Ace addresses evolving recruiting needs while improving applicant engagement and reducing dropout rates. The company aims to leverage over 75 years of expertise in talent acquisition, ensuring faster access to qualified candidates.
Kelly (Nasdaq: KELYA, KELYB) announced its participation in the Sidoti Virtual Investor Conference on June 16, 2022. Key executives including Peter Quigley (CEO), Olivier Thirot (CFO), and James Polehna (Investor Relations Officer) will engage in virtual one-on-one meetings. The company, which employs over 350,000 individuals globally and generated $4.9 billion in revenue in 2021, focuses on connecting talent across various sectors such as Science, Engineering, and Education. Investors can access the presentation on kellyservices.com.
Kelly (Nasdaq: KELYA, KELYB) reported a strong Q1 2022, with revenues increasing by 7.5% to $1.3 billion, or 9.0% in constant currency, compared to the previous year. Operating earnings surged 121% to $23.4 million. However, the company posted a loss per share of $1.23, significantly down from a $0.64 gain last year, largely due to a loss from its investment in Persol Holdings. Adjusted EPS improved to $0.46 from $0.12 year-over-year. Kelly declared a dividend increase of 50% to $0.075 per share, reflecting improved operating results.
Kelly (Nasdaq: KELYA, KELYB) has acquired Pediatric Therapeutic Services (PTS), enhancing its K-12 solutions and addressing the $20-billion therapeutic services market. This strategic move is part of Kelly's specialty growth strategy, redirecting capital from recent APAC transactions. PTS, which provides in-school therapy services, operates in Pennsylvania and Delaware and aims to expand nationally. The acquisition comes amid increasing demand for such services, with over 7.3 million K-12 students now entitled to therapeutic benefits under U.S. law.
Kelly Education announced its 2022 Substitute Educator of the Year award recipients during National Teacher Appreciation Week. Four educators from across the U.S. were selected from nearly 1,100 nominations, each receiving a $5,000 bonus and $1,500 for their chosen school. The award program highlights the critical role of substitute educators amid a national educator shortage. According to CEO Nicola Soares, this increased recognition underscores their commitment to supporting and compensating substitute teachers and their impact on student development.
Kelly, a leading specialty talent solutions provider, will report its first-quarter earnings on May 12, 2022, before the market opens. A financial presentation will accompany the earnings release, available on their Investor Relations page. The company will host a conference call at 9 a.m. ET for discussions following the earnings announcement, accessible via internet and telephone.
Kelly (Nasdaq: KELYA, KELYB) announced that its president and CEO, Peter Quigley, and CFO, Olivier Thirot, will present at NobleCon18 on April 20, 2022, in Hollywood, Florida. The presentation is scheduled for 10:30 a.m. ET, with breakout sessions at 3:15 p.m. ET and 10:45 a.m. ET on subsequent days. A high-definition video webcast will be available the day after the presentation, archived for 90 days on Kelly's website and other platforms. Kelly is a leading talent solutions provider, employing over 350,000 people and generating $4.9 billion in revenue in 2021.
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