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.
Kelly has appointed Rosie Rivel as the new Chief Information Officer (CIO), effective immediately. Rivel has served in this role on an interim basis since February 2021. With over 25 years of IT experience, she has strengthened Kelly's IT security and compliance during her tenure. Previously, Rivel held leadership positions in global IT risk and compliance. This strategic appointment is expected to enhance Kelly's information technology capabilities across their global business applications and security functions.
Kelly has launched Kelly 33, a program aimed at enhancing employment opportunities for individuals with non-violent criminal records, following a successful partnership with Toyota Manufacturing in Kentucky. This initiative addresses outdated hiring practices, providing access to a previously overlooked talent pool. Since the initiative's inception, 92% of the evaluated candidates were deemed eligible, with 645 successfully placed at Toyota. The program led to a 20% increase in talent pool and a 70% reduction in turnover at Toyota’s plant. Kelly is committed to expanding equitable hiring practices across the workforce.
Kelly Education is hosting a career fair on September 29 and 30, 2021, to recruit substitute teachers, paraeducators, food service staff, and custodians across nine public school districts in the Indianapolis area. Hundreds of positions are available. The fair will take place at Greenwood Community Schools and MSD of Wayne Township.
Kelly Education, the largest provider of education talent in the nation, offers flexible work schedules, health insurance, and paid training for its employees. For those unable to attend, inquiries can be made at EDNERecruiting@kellyservices.com.
Schools in Minnesota are actively hiring as the back-to-school season approaches, providing opportunities for career changers looking to make a significant impact on students. Amid a workforce exodus of 7.5 million people, Teachers On Call is inviting individuals to explore roles such as substitute teachers, paraeducators, and various non-instructional positions, all while offering benefits like health insurance and retirement plans. With many immediate openings, the initiative aims to support student learning recovery during the 2021-22 school year.
Kelly (Nasdaq: KELYA, KELYB) reported Q2 2021 revenue of $1.3 billion, a significant 29.0% increase year-over-year. Operating earnings reached $13.7 million, up 24.1% from Q2 2020. However, diluted earnings per share (EPS) fell to $0.60 from $1.04 in the previous year, with adjusted EPS at $0.49 compared to $0.51. All operating segments showed organic revenue growth, indicating a strong recovery from COVID-19 impacts. The board declared a dividend of $0.05 per share, payable on September 7, 2021.
Troy, Mich., Aug. 09, 2021 - The American Rescue Plan Act mandates that local school districts allocate 20% of their funding for COVID-19 learning recovery interventions. New research finds broad agreement on the efficacy of tutoring to mitigate pandemic learning loss. District administrators expect to spend an estimated $12.75 billion on tutoring, but face severe staffing challenges, with 76% struggling to find qualified tutors. Discrepancies exist between educators and parents regarding the recovery duration, with educators projecting over a year while parents suggest under six months.
Kelly (Nasdaq: KELYA, KELYB) will release its second quarter earnings on August 12, 2021, before market opens. Concurrently, a financial presentation will be available on their Investor Relations page. A conference call will follow at 9 a.m. ET, accessible via internet or telephone. Kelly, a leading talent solutions provider, employed nearly 370,000 people globally and reported $4.5 billion in revenue for 2020.
Kelly Professional & Industrial has enhanced its leadership team with the appointment of Jennifer Knippenberg as Vice President and Chief Recruiting Officer and Carla McKelvey as Vice President and North Market Lead. With extensive experience in talent acquisition and digital transformations, they aim to strengthen recruiting operations and improve client experiences during a challenging labor market. Both leaders bring over 50 years of combined expertise to the company, reinforcing Kelly's commitment to support businesses in attracting skilled professionals.
Kelly Education has appointed Dr. Michael Plater as vice president and practice leader for higher education to tackle staffing challenges in academia caused by the COVID-19 pandemic. Dr. Plater aims to innovate college workforce solutions, expanding services to include adjunct talent management. With over 30 years of experience in higher education, he plans to collaborate with institutions to address enrollment and staffing needs. Kelly Education partners with over 300 colleges nationwide, and under Plater's leadership, aims to enhance academic staffing solutions moving forward.
FAQ
What is the current stock price of Kelly Services (KELYB)?
What is the market cap of Kelly Services (KELYB)?
What is Kelly Services, Inc.?
How many business segments does Kelly have?
What recent acquisition did Kelly make?
What is the focus of Kelly's strategy?
How does Kelly aim to unlock capital?
What is the goal of Kelly's inorganic investments?
