---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-23-000009"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:06:54.050637+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000055135-23-000009
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513523000009/0000055135-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513523000009/kelya-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-23-000009
- JSON: https://secwatch.observer/filing/0000055135-23-000009.json
- Plain text: https://secwatch.observer/filing/0000055135-23-000009.txt

## Key facts
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000009/0000055135-23-000009-index.htm

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