Kelly Q1 revenue down 2.2%, adjusted EPS $0.40; launches transformation program

KELLY SERVICES INC

2023-Q1 EPS reported $0.29 revenue$1,268,300,000

Q1 revenue $1.3B, down 2.2% YoY; organic constant currency revenue down 0.5%.
Operating earnings $10.7M including $5.7M restructuring charge; adjusted operating earnings $16.4M.
Adjusted EPS $0.40, down 9% from $0.44 in Q1 2022.
Board declared dividend $0.075/share, payable June 6, 2023 to holders of record May 22.
Initiated comprehensive business transformation to significantly improve EBITDA margin; updates in August.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KELLY SERVICES INC reported the first quarter of 2023 results: revenue $1.3 billion, EPS $0.29.

Period: the first quarter of 2023
Revenue: $1.3 billion
EPS: $0.29
Result: reported results

Exact text from the filing

Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the first quarter of 2023. Peter Quigley, president and chief executive officer, announced revenue for the first quarter of 2023 totaled $1.3 billion, a 2.2% decrease, or 1.4% decrease in constant currency, compared to the corresponding quarter of 2022, with organic, constant currency revenue down 0.5%.

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Source: SEC EDGAR

accession 0000055135-23-000009

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