secwatch.observer — SEC 8-K summary
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Issuer:     KELLY SERVICES INC (KELYA)
CIK:        0000055135
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0000055135-22-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55135/000005513522000020/0000055135-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55135/000005513522000020/kelya-20221110.htm
  HTML page:      https://secwatch.observer/filing/0000055135-22-000020

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