---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-22-000020"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:13:11.939966+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kelly Services Q3 revenue down 2.3%, posts operating loss of $21.4M on goodwill impairment; authorizes $50M buyback

## Summary
- Revenue $1.2B, down 2.3% (up 0.3% constant currency); operating loss $21.4M vs income $9.0M a year ago.
- $30.7M non-cash goodwill impairment on RocketPower due to tech hiring slowdown; adjusted operating earnings up 7% to $9.5M.
- GAAP loss per share $0.43 (includes $0.67 impairment charge); adjusted EPS $0.25, flat YoY.
- Board authorized $50M share repurchase of Class A common stock, expires Nov 24, 2023.
- Declared $0.075/share dividend payable Dec 7, 2022 to holders of record Nov 23.

## SEC filing metadata
- accession: 0000055135-22-000020
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513522000020/0000055135-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513522000020/kelya-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-22-000020
- JSON: https://secwatch.observer/filing/0000055135-22-000020.json
- Plain text: https://secwatch.observer/filing/0000055135-22-000020.txt

## Key facts
- Earnings Releases
  KELLY SERVICES INC reported the third quarter of 2022 results: revenue $1.2 billion, EPS loss per share of $0.43.
  - Period: the third quarter of 2022
  - Revenue: $1.2 billion
  - EPS: loss per share of $0.43
  - Result: reported results
  source text: provider, today announced results for the third quarter of 2022. Peter Quigley, president and chief executive officer, announced revenue for the third quarter of 2022 totaled $1.2 billion, a 2.3% decrease, or 0.3% increase in constant currency, compared to the corresponding quarter of 2021. Year-over-year revenue trends were impacted by foreign currency headwinds
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513522000020/0000055135-22-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.