Kelly Services Q2 2023 Revenue Down 3.9% Amid Transformation Charges; Declares Dividend

KELLY SERVICES INC

2023-Q2 EPS reported $0.49 revenue$2,485,500,000

Q2 2023 revenue $1.2B, down 3.9% year-over-year; organic constant currency revenue down 2.2%
Gross profit margin 19.8%, down 90 bps due to lower permanent placement fees
Operating earnings $6.2M including $8.0M transformation-related restructuring charges; adjusted earnings $14.2M
Board declares dividend of $0.075 per share, payable Sept 6, 2023
Company targets adjusted EBITDA margin of ~3% exiting 2023, with normalized range 3.3%-3.5%

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

KELLY SERVICES INC reported three and six months ended July 2, 2023 results: revenue $1.2 billion, EPS $0.20. Guidance reaffirmed.

Period: three and six months ended July 2, 2023
Revenue: $1.2 billion
EPS: $0.20
Guidance: reaffirmed
Result: reported results

Exact text from the filing

provider, today announced results for the second quarter of 2023. Peter Quigley, president and chief executive officer, announced revenue for the second quarter of 2023 totaled $1.2 billion, a 3.9% decrease, or 4.5% decrease in constant currency, compared to the corresponding quarter of 2022, with organic, constant currency revenue down 2.2%. Year-over-year revenue

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KELLY SERVICES INC filing history →

Source: SEC EDGAR

accession 0000055135-23-000018

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